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by adamt 3624 days 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.
1 comments

I 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.
If you are not on mobile, you can just select the url and drag it between two tabs on your tab bar to open it.
Not just mobile. Works on my desktop Firefox too.