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BUZZ-ARM Holdings: Rebooting from Apple shock

Reuters - UK Focus

** Chipmaker ARM Holdings up as much as 2.6 pct at 995 pence, recovering from a more than 2-yr low hit on Wednesday

** Stock suffered from blowback of Apple (NasdaqGS: AAPL - news) 's disappointing Q3 results

** Shares (Frankfurt: DI6.F - news) trades about 140 pct of a full day's average trading volume in just over an hour

** Biggest gainer on the FTSE 100 index

** At least 6 brokerage cut their PTs (Other OTC: PTSH - news) on ARM on Thursday to factor in forex and weaker revenue growth from mobile market

** All 6 brokerages kept their buy or outperform ratings on the stock, citing confidence in ARM's position to gain from its new products for smartphones (abhiram.nandakumar.thomsonreuters.com@reuters.net)