A great day for ARM has the stock dropped a mere 72 cents today. Which given the unexpected news of Warren East's departure was a bit of a surprise. Had the stock dropped the same as it did on the London exchange it would have dropped by 1.08. But I would have expected something twice this amount.
It looks like maybe someone was propping the stock up and after 9 days of drops it could really use some propping up. A drop below $40 at this point would be devastating.
Still a very slippery slope and a good reason to jump out of bed tomorrow to see if it continues bumping down the slope. As I can't see East's replacement inspiring anyone or solving the ARM fabrication crisis, I wouldn't advise standing on the downhill side. When does the panic set in? Hmmm, I would have thought today. Let's see if it got a one day deferral...
Warren East's departure is a well executed move by ARM management unlike Paul Otellini's. Intel's board is likely going to have to make major compromises in finding a successor and that means a flaky captain steering a rudderless ship.
"Warren East's departure is a well executed move by ARM management unlike Paul Otellini's. Intel's board is likely going to have to make major compromises in finding a successor and that means a flaky captain steering a rudderless ship."
[What exactly made you think it was well-executed? The market didn't think so. No one is impressed with the replacement. He's no ball of fire. And it really doesn't matter does it? Whoever is next has to deal with the ARM fabrication fiasco and there aren't any solutions to that that won't take 4 years and 30 billion dollars. ARM doesn't have either.
And what compromises will Intel have to make in finding a successor? This is your usual nonsense of making things up without backing things up. You throw together two unsupported statements and then jump from them to an illogical conclusion. Intel's rudderless ship took them straight to FinFET while East let ARM go in circles with the broken fabless concept. It's all returning to port now as indicated by ARM's sinking stock price and the absence of good news on the horizon. ARM would be lucky to have a rudderless ship these days. Instead it's got a boat with a hole in the bottom. You should practice saying "glub, glub" each day before you check the ARM stock price. Wow, aren't these nautical metaphors fun??? Let us know how you enjoy the voyage as you set sail on the sea of grief...]