ARM director makes another sale

published 1 September 2011

Mike Inglis, a director at ARM Holdings, has offloaded some shares in the FTSE 100 chip designer, pocketing more than £800,000 in the process.He sold 150,000 shares at 557.3p a time and now has 100,775 shares.ARM designs chips used in must-have gadgets such as smartphones and tablet computers.ARM's second quarter earnings per share (EPS) came in well ahead of expectations, as demand for the company's technology continues to grow. Shares in the company have fallen since Inglis's last big sale, when he offloaded nearly 100,000 shares at 591.1p a go.Inglis is general manager of ARM's processor division, having joined the company in 2002. He has a strong background in gadget companies. His previous employers include mobile phone maker Motorola, chip maker Texas Instruments and semiconductor group Fairchild.He is a chartered engineer and a Member of the Chartered Institute of Marketing. He is also a non-executive director of Pace, which makes set-top boxes.