Apple, Comcast Set-Top Report Sends Arris Stock Down

By | March 24, 2014

Scalper1 News

Arris Group’s (ARRS) stock fell Monday on a report that Apple (AAPL) is in talks with Comcast (CMCSA) about using an Apple-designed set-top box to stream live and on-demand video over the cable TV firm’s network. Arris last year acquired Google’s (GOOG) “Motorola Home” set-top TV business for $2.35 billion. Arris stock was down nearly 8% in midday trading in the stock market today, near 27.40. Arris stock ranks No. 30 in the latest IBD 50 list of Scalper1 News

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