ARM drops on cautious 2012 outlook - UPDATE

ARM Holdings was among the worst performers on the FTSE 100 on Friday after the firm's president yesterday gave a cautious outlook for 2012.

ARM Holdings was among the worst performers on the FTSE 100 on Friday after the firm's president yesterday gave a cautious outlook for 2012.

The microchip designer expects research and development (R&D) spending growth to slow next year due to an uncertain outlook in the smartphone and tablet markets, Tudor Brown told Dow Jones Newswire reporters in a technology forum in Taipei.

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