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If you look at the value of ARM's $-denominated ADRs http://www.google.co.uk/finance?cid=662445 This is basically a measure ARM's value in $. You will see a
by adamt 10y ago
If you look at the value of ARM's $-denominated ADRs
http://www.google.co.uk/finance?cid=662445
This is basically a measure ARM's value in $. You will see any value in the fall the pound was more than offset by a rise in ARM's share price at the time. As ARM's revenue is largely $ denominated and it has significant proportion of its costs in UK people (£) then the fall in the pound led to a bigger rise in its share price as the markets expected bigger profits.
- B1FF_PSUVM 10y agohttp://www.google.co.uk/finance?cid=662445 http://www.google.co.uk/finance?cid=662445 (clicky for convenience)
- Fifer82 10y agoI felt the need to show gratitude for the clicky. Quite odd really, had it not been clicky, I would not have opened the link. Yet, it took 1000 times more effort to write this but it felt worth it.
- B1FF_PSUVM 10y agoThese punks nailed that one: https://en.wikipedia.org/wiki/Give_Me_Convenience_or_Give_Me_Death https://en.wikipedia.org/wiki/Give_Me_Convenience_or_Give_Me...
- chronial 10y agoIf you are not on mobile, you can just select the url and drag it between two tabs on your tab bar to open it.
- pritambaral 10y agoNot just mobile. Works on my desktop Firefox too.