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ARM shares dip on warning
2002 looks blue...

By Kate Hanaghan

Published: Monday 28 January 2002

Strong results from chip maker ARM have failed to boost to the company's share price during morning trading.

Warnings from the company that this year will be static pushed the company's share price down despite turning in profits of £50m for 2001 - up from £35m in 2000.

There are also concerns that major ARM customers may have experienced a fall in shipments during the last quarter of 2001.

ARM chairman Sir Robin Saxby said in a statement: "We do not expect a quick industry recovery in 2002 but we do expect another year of growth for ARM."

During early morning trading, shares fell 5.5 per cent to 316.50 pence.