ARM and share prices
On the brighter side, UK semiconductor outfit ARM reported its results today and they exceeded expectations.
"We are pleased to see ARM technology being increasingly utilised in innovative consumer electronics products, leading to the highest ever group revenues for both the fourth quarter and for the full year," said CEO Warren East.
"We saw strong demand for new ARM technology, with industry leaders continuing to license our latest generation processors and physical IP. ARM has built a base of more than 580 processor licenses that is driving long-term royalty growth."
Seagate's shares were up 4.75 percent yesterday, while those of Sandisk plunged by over 17 percent in after hours trading. ARM's shares, which trade on the London stock exchange, were up around five percent at time of writing.
