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by ggreg84
1551 days ago
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Their goal - and only option - is to sell the company for as much $$$ as possible, and this strategy helps them towards their goal. This is the simplest and most effective way to make Arm books look good, which is what regulators all around the world - including the UK - have decided is what's best for the world. So this is not idiotic, this is effective, and is finance 101. For Arm's long term success this is a very stupid decision.
But that's not what any of the parties involved need or care about.
What they care about is $$$ right now. I won't be buying and holding Arm stock, particularly not as a long term investment, cause it looks like its going to be a poor one. |
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If indeed ARM needed to cut down on people, having a hiring freeze is the way to go.