ARM price seems to be going through a three month flattish period after a 1 year or so steady rise. Any views on what might happen next?

ARM designs the technology that lies at the heart of advanced digital products, from mobile, home and enterprise solutions to embedded and emerging applications. ARMs comprehensive product offering includes 16/32-bit RISC microprocessors, data engines, graphics processors, digital libraries, embedded memories, peripherals, software and development tools, as well as analog functions and high-speed connectivity products. Combined with the companys broad Partner community, they provide a total system solution that offers a fast, reliable path to market for leading electronics companies. More information on ARM is available at http://www.arm.com.

I used to invest heavily in these in the past, but don't forget that much of their revenue is derived from licencing agreements as they don't actually produce the chips themselves, so revenue is linked to a certain extent on the sales of the hardware into which the chips are put. The phone manufacturers in particular are having a hard time at the moment. My guess is that the sp will be range bound for a while, but the company is still pretty solid.
There used to be a very active discussion board on www.fool.co.uk for ARM, though much of it was very technical stuff. Might be worth a look.

cheers harrycat.

do you remember these happy days? .....

ARM Holdings plc announces that on 8 February 2008 certain directors and PDMRs
purchased shares as follows:

---------------------------------------------------------------------------
Name Role Number of Price paid Total number of
shares shares held
purchased (including LTIP
vesting below)
---------------------------------------------------------------------------
Warren East CEO 25,000 93.75p 741,603
---------------------------------------------------------------------------
Tim Score CFO 25,000 93.75p 343,549
---------------------------------------------------------------------------
Mike Inglis EVP Sales & 20,000 94.021p 226,609
Marketing
---------------------------------------------------------------------------
Young Sohn Independent 53,000 ADRs $5.5490 156,000
non-executive equal to
director 156,000 shares
---------------------------------------------------------------------------
Bill Parsons PDMR 100,000 94.75p 177,673
---------------------------------------------------------------------------
happy days are here again

Q 1 results

Five year chart looking interesting.

Shame you didn't post that 8 months ago. Opportunity missed. Still, can't watch 'em all.

Another ggod day.

Xilinx and ARM Announce Development Collaboration

3rd Quarter results.

Key Highlights

●
ARM has continued to outperform the semiconductor industry and gain market share

●
Strong processor licensing for applications such as smartphones, mobile computing and microcontrollers

●
ARM's advanced physical IP at 28nm was licensed to a major foundry and a fabless semiconductor company

●
Sequentially improving operating margin to 31.7% and strong quarterly net cash generation of 28.2m

●
Reiterating guidance: ARM's full-year 2009 dollar revenues to be at least in line with current market expectations

Added a few more on this news yesterday.

Infineon and ARM Announce Strategic Architectural License Agreement for Advanced Security Applications


Infineon Technologies AG (FSE:IFX) (OTCQX:IFNNY) and ARM (LSE:ARM) (Nasdaq:ARMH) announced today a long-term strategic collaboration in the field of security controllers (MCU) for chip card and security applications. Based on the agreement, Infineon will receive an ARMv6M and ARMv7M architecture license. With its own specialized ARM architecture-compliant CPU cores, Infineon will address the current and future needs of the security markets in terms of hardware-based security, combined with the advantages of the industrys most widely licensed 32-bit CPU technology.


Infineon is the only ARM partner to have an ARM architecture license specifically for security applications. Under this agreement, Infineon is able to integrate its innovative security measures into the heart of the CPU core implementation, while maintaining compatibility with the standard ARM processor instruction set. This approach enables code reuse and access to the wide ARM development ecosystem. Infineon aims to have the first products in volume production by the second half of 2011, initially targeting the Multimedia SIM cards market. In addition, Infineon will combine the ARM architecture and its Integrity Guard hardware security technology, designed for use in highly demanding chip card-based and security applications, in future products for high-end security segments.

Your 5 year chart is looking toppy, skinny. Into new high territory. Certainly worth topping up, but not very appealing to new investors.
At some point you might be advised to take profit on some of your lower priced holding, imo.

Harry - agreed. How about the 10 year chart :-)

The Nasdaq had a relatively good day friday and I bought into ARM Holdings friday afternoon looking for a good run through the new year.



Longer term chart shows just how well this stock as performed over the last year or so....



The short term chart is also loking rather bulish..



Now looking for a medium term SP target I suppose we have to check out the really long term chart going all the way back to the dot coma with 190p resistance first up followed by approx 325p.

Now is that wishfull thinking ? :grin:

Piper Jaffray: "BUY" Rating on ARM, target 190p



***** ARM Embedded: 24/7 SEAMLESS Mobile COMMERCE *****




"Fitch: Growth in IT Spending Supports Stable Outlook for Tech Industry in 2010"



3 Dec 2009 - Fitch Ratings' 2010 outlook for information technology (IT) sectors is STABLE based on EXPECTATIONS that GLOBAL IT SPENDING will RESUME GROWTH equivalent to or EXCEEDING WORLDWIDE GDP.

In a SPECIAL OUTLOOK REPORT issued today, Fitch says IMPROVED MARKET DEMAND, especially for enterprise hardware and particularly for the second half of the year, will drive company expectations for 2010 and should further STABILIZE TECHNOLOGY OPERATING and CREDIT PROFILES.

"A gradually IMPROVING ECONOMY should result in sequentially BETTER DEMAND PATTERNS for technology companies in 2010," said Nick Nilarp, Managing Director at Fitch.

"There is CONSIDERABLE PENT-UP ENTERPRISE DEMAND for hardware purchases, primarily servers and storage, which have been postponed the last two years during the global economic downturn."



Key Themes to Fitch's IT Outlook.

-The worldwide IT SPENDING environment will GROW 3%-4% in 2010, led by hardware. Fitch expects the IT services industry to grow 3%-5% in 2010 while the SEMICONDUCTOR INDUSTRY will experience a REBOUND in REVENUE GROWTH at low- to mid-single digits;

-PC and MOBILE HANDSET UNIT GROWTH is expected to be in the high-single digits and mid-single digits, respectively, for 2010; Fitch believes the release of Windows 7 will positively affect PC demand from consumers in the fourth quarter of 2009, small and medium business in the first half of 2010 and large enterprise in late 2010 into early 2011; the PC mix will likely continue to be skewed towards consumers, potentially resulting in minimal to negative PC revenue growth in 2010 based on the recent declines in PC average selling prices;

-OPERATING PROFITABILITY is expected to IMPROVE as COST REDUCTION INITIATIVES result in POSITIVE OPERATING LEVERAGE upon the resumption of TOP LINE GROWTH.

http://www.pr-inside.com/fitch-growth-in-it-spending-supports-r1614415.htm

/

ARM to be taken over?????????

ARM Embedded: 24/7 SEAMLESS Mobile COMMERCE *****


"Why Intel Needs to Buy ARM Holdings"

3 December 2009 Intel will have no choice but to buy ARM Holdings.

The first reason is that ARM CONTROLS THE MARKET for SMARTPHONE PROCESSORS, and Intel WON'T BE ABLE to knock it off that perch.

ARM CEO Warren East said the other day in an interview, "I'm sure that Intel are going to get their Atom designed into a few handsets, it's an inevitability. They go on their hands and knees. There will be a little bit of leakage, but it's not going to be dramatic either way."

I wholeheartedly agree. Intel will get some design wins, primarily from Nokia, but ARM CONTINUES TO MAKE ADVANCED PROCESSORS, and there are too many leading semiconductor companies licensing its products for Intel to make inroads.

Remember that ARM OWNS the MOBILE INTERNET DEVICE (MID) space.

ARM owns 95% of the MOBILE PHONE MARKET.

ARM owns 85% of the SMARTPHONE MARKET in UNIT SHIPMENTS.

ARM processors are being MANUFACTURED in the BEST SEMICONDUCTOR FACILITIES.

Also remember that ARM has a VERY LONG LIST of CURRENT and FORMER LICENSEES: Alcatel, Atmel, Broadcom, Cirrus Logic, Digital Equipment Corp., Freescale, Intel, LG Group, Marvell Technology Group, NEC, NVIDIA, NXP, Oki, Qualcomm, Samsung, Sharp, ST Microelectronics, Symbios Logic,Texas Instruments,VLSI Technology, Yamaha, ZiiLABS and, oh yes, Taiwan Semiconductor Manufacturing.

ARM CEO East also said, "I don't think ARM is going to take over the PC world from Intel, and I don't think Intel is going to take the smartphone world from ARM."

I disagree and think he's just being humble, and this brings us to the second reason I think Intel will HAVE TO ACQUIRE ARM.

In a September article for TheStreet.com, I wrote that ARM WILL GAIN 55% of the netbook and smartbook market in 2012, the OTHER SECTOR where Intel's Atom processors COMPETE with ARM processors.

Analyzing these markets for the past 25 years has given me insight. And I can't look past the promise of Google's CHROME and CLOUD COMPUTING as AVENUES to ARM's SUCCESS. In fact, new evidence is reinforcing my prognostications.

According to a Nov. 24 article in PC Magazine, "Although it's not really known what the percentage of netbooks running Linux is, the number may have increased.

In April, Microsoft cited NPD studies that claimed just 4% of netbooks in the U.S. ran a non-Microsoft operating system.

But ABI Research claimed in November that about ONE-THIRD of all netbooks shipping globally this year will CONTAIN LINUX or some other non-Microsoft OS."

So, not only will ARM continue to DOMINATE the MOBILE-PHONE MARKET, it will EVENTUALLY LEAD the netbook market, too.

Intel should pay attention and BUY ARM.

http://www.thestreet.com/story/10638011/1/why-intel-needs-to-buy-arm-holdings.html?cm_ven=GOOGLEN

Posted late yesterday by well known tipster and Pro TAer Zak Mir.....


Zak Mir



Reged: 28/06/07
Posts: 1149
Re: Arm Holdings(ARM)
#457378 - 07/12/09 08:19 AM Edit Reply Quote



At ARM we appear to be on for an August resistance line projection target of 180p while there is no decline below the 50 day moving average at 153p. The timeframe is the next 1 - 2 months.

Out yesterday from lunchtime onwards....

ARM Holdings PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Arbuthnot Securities
15-12-09 BUY 70.18 4.18 2.42 89.72 5.17 2.67

Exane BNP Paribas
15-12-09 BUY 42.00 4.50 1.94 72.00 6.02 2.40

Investec Securities
15-12-09 BUY 66.96 3.94 2.27 93.37 5.24 2.30

U.S. Federal Trade Commission (FTC) paves way for ARM to INCREASE GLOBAL MARKET SHARE without influence of Intel's illegal anti-competitive practices (see Bloomberg below)

Piper Jaffray: "BUY" Rating on ARM, target 190p




***** ARM Embedded: 24/7 SEAMLESS Mobile COMMERCE *****


"Intel Accused by U.S. of Illegal Monopoly Practices"


Dec. 16 (Bloomberg) -- The U.S. Federal Trade Commission accused Intel Corp., the WORLD'S LARGEST COMPUTER-CHIP MAKER, of illegally using its DOMINANT MARKET POSITION for a decade "to STIFLE COMPETITION and STRENGTHEN its MONOPOLY."

The complaint, which will be heard by an FTC ADMINISTRATIVE LAW JUDGE, says Intel tried to BLOCK "SUPERIOR" products by RIVALS and DEPRIVED CONSUMERS of CHOICE and INNOVATION for 10 years.

Intel has been "running roughshod" over PRINCIPLES of FAIR PLAY, the FTC charged.

"Intel has engaged in a DELIBERATE CAMPAIGN to HAMSTRING COMPETITIVE THREATS to its monopoly," Richard A. Feinstein, the FTC's director of competition, said in a statement.

Intel controls more than 80 percent of the WORLD'S MARKET for computer chips, dwarfing No. 2 Advanced Micro Devices Inc.

Intel has contended with ANTITRUST PROBES dating back more than a DECADE and AGREED to pay more than $1 BILLION to AMD last month to settle a FOUR-YEAR DISPUTE.

The chipmaker now FACES ANOTHER PROBE of its BUSINESS PRACTICES and possible steps to CURB its DOMINANCE of the MICROPROCESSOR MARKET.

Christine Varney, who heads the Justice Department's antitrust division, said in a speech in May that the administration "will be AGGRESSIVELY PURSUING cases where MONOPOLISTS try to use their DOMINANCE in the marketplace to STIFLE COMPETITION and HARM CONSUMERS."

Intel PAID A FINE to SETTLE a European Union enforcement action, and will likely resolve the U.S. case by PAYING ANOTHER FINE, said Joanne Feeney, an analyst at FTN Equity Capital Markets in Cleveland.

Intel, based in Santa Clara, California, tried to settle with the FTC before the agency filed its complaint, Intel spokesman Chuck Mulloy said.

"We've been in discussions and willing to settle for some time," he said. "Its a natural outcome of settling with AMD."

Intel DROPPED 31 cents, or 1.6 percent, to $19.49 at 11:15 a.m. in Nasdaq Stock Market trading. The shares had gained 35 PERCENT THIS YEAR before today.

AMD, based in Sunnyvale, California, CLIMBED 48 cents, or 5.4 percent, to $9.30 on the New York Stock Exchange.

The FTC said Intel used "THREATS AND REWARDS" aimed at computer manufacturers including Round Rock, Texas-based Dell Inc., Palo Alto, California-based Hewlett-Packard Co. and Armonk, New York-based International Business Machines Corp.

Intel COERCED the companies NOT TO BUY RIVAL PROCESSOR CHIPS, the FTC said.

The decision is a BOOST to Nvidia Corp., which has said Intel is USING its MARKET POSITION to HARM COMPETITION in the market for GRAPHICS CHIPS.

In February, Intel asked a judge in Delaware to declare that a chip license with Nvidia doesn't cover future products. Nvidia countersued for breach of contract. Nvidia also makes so-called chipsets that provide support functions to processors.

The FTC had asked for "UNPRECEDENTED REMEDIES" in settlement talks that would make it "IMPOSSIBLE for Intel to CONDUCT BUSINESS," Intel general counsel Doug Melamed said in the company's statement.

When settling its dispute with AMD last month, Intel said it also AGREED to ABIDE by a set of BUSINESS-PRACTICE PROVISIONS.

AMD had sued Intel in Delaware in 2005, alleging that Intel controls the microprocessor market in part by PROVIDING DISCOUNTS to CUSTOMERS that AVOID AMD's products.

In May, EU regulators levied a record 1.06 BILLION-EURO ($1.55 billion) fine against Intel and ordered the company to STOP using ILLEGAL REBATES to THWART COMPETITORS.

Following an EIGHT-YEAR INVESTIGATION, the EU found that Intel IMPEDED COMPETITION by GIVING REBATES to COMPUTER MAKERS that bu

Just read article on http://www.reghardware.co.uk/ that the new Nokia N900 is being introduced on Vodafone network. Specifically mentions ARM processor and mentions high level of advance orders.

Good to see.

7th Jan '10
Business Financial Newswire
"ARM Holdings target price raised to 220p from 180p at RBS, buy rating retained"

Interim results out tues 2nd Feb. Sp down 3% today.

Final results.

To infinity and beyond.

1St quarter results.

Yum Yum :-)

Bid or no Bid - someone has made a packet here today.

Uptrend ressumed - recent upgrade by panmure.

Back in the tech/telecom boom I used to trade these, but lost sight of them since then.
Terrific chart over the last year & more to come when the end of the recession appears?
Forecast dividend yield only approx 1%, but capital growth looks good.

Looks like a breakout - intel report later today.

Finally closed a few of these @323 for plenty.

400p has got to be a possibility surely? Intel figures out last night were better than expected & looks like technology sector now picking up.

Harry - yes I agree, but I have a lot of these from 90 ish up - and its not rude to take a profit :-)

Another excellent day!

Just sold some more @351.5.

Liberum broker note (part) following on from the possible tie-up between ARM & Microsoft:
"Overall positive for ARM: While it is difficult to make a tangible assessment of the benefit of this deal to ARM apart from the obvious upside to medium term licensing revenue and the increase in the licensing backlog, there is no doubt that it is a positive deal for the company. It raises the chances of ARM having a higher share in the Microsoft Windows-based product space, be this in tablets, netbooks, laptops, servers or consumer electronics devices. However, we remain cautious on the short to medium term direction of the share price. We see the stock as being extremely over-valued, trading at 41x our forecasted 2010 EPS.
We also predict that we are heading into a semiconductor downcycle where ARMs royalties and valuations are likely to be negatively affected. We maintain our sell recommendation and 190p price target."

Microsoft Licenses ARM Architecture

RNS Number : 8569P
Arm Holdings PLC
23 July 2010


Microsoft Licenses ARM Architecture
ARM and Microsoft continue relationship
with closer access to ARM IP

CAMBRIDGE, UK - July 23, 2010 - ARM and Microsoft Corp. today announced that
they have signed a new licensing agreement for the ARM architecture. The
agreement extends the collaborative relationship between the two companies.
Since 1997 Microsoft and ARM have worked together on software and devices across
the embedded, consumer and mobile spaces, enabling many companies to deliver
user experiences on a broad portfolio of ARM-based products.

"Microsoft is an important member of the ARM ecosystem, and has been for many
years," said Mike Muller, CTO ARM. "With this architecture license, Microsoft
will be at the forefront of applying and working with ARM technology in concert
with a broad range of businesses addressing multiple application areas."

"ARM is an important partner for Microsoft and we deliver multiple operating
systems on the company's architecture, most notably Windows Embedded and Windows
Phone," said KD Hallman, general manager, Microsoft. "With closer access to the
ARM technology we will be able to enhance our research and development
activities for ARM-based products."

BUT, with iphone & Android systems already developed & running, can Microsoft get a profitable foothold in the mobile market? Many have their doubts.

Q2 results.

CAMBRIDGE, UK, 27 July 2010-ARM Holdings plc announces its unaudited financial results for the second quarter and half year ended 30 June 2010, demonstrating continuing progress in executing its strategy with multiple design wins taking ARM further into new markets.

Earnings and taxation

Profit before tax was 29.6 million in Q2 2010 compared to 6.4 million in Q2 2009. After adjusting for acquisition-related, share-based payment costs, Linaro-related charges and restructuring charges, normalised profit before tax was 43.5 million in Q2 2010 compared to 16.3 million in Q2 2009. The Group's effective normalised tax rate was 27.4% (IFRS 26.1%) in Q2 2010 compared to 24.7% (IFRS nil) in Q2 2009.

In Q2 2010, fully diluted earnings per share were 1.62 pence (7.29 cents per ADS****) compared to earnings per share of 0.50 pence (2.46 cents per ADS****) in Q2 2009. Normalised fully diluted earnings per share in Q2 2010 were 2.34 pence per share (10.51 cents per ADS****) compared to 0.95 pence (4.69 cents per ADS****) in Q2 2009.

Balance sheet
Intangible assets at 30 June 2010 were 574.1 million, comprising goodwill of 556.0 million and other intangible assets of 18.1 million, compared to 549.0 million and 21.8 million respectively at 31 March 2010.

Total accounts receivable were 91.8 million at 30 June 2010, comprising 80.0 million of trade receivables and 11.8 million of amounts recoverable on contracts, compared to 57.9 million at 31 March 2010, comprising 45.0 million of trade receivables and 12.9 million of amounts recoverable on contracts. Days sales outstanding (DSOs) were 34 at 30 June 2010 compared to 26 at 31 March 2010.

Cash flow and interim dividend
Net cash was 202.3 million at 30 June 2010 compared to 196.0 million at 31 March 2010. Normalised free cash flow in Q2 2010 was 30.4 million.

In respect of the year to 31 December 2010, the directors are declaring an interim dividend of 1.16 pence per share, an increase of 20% over the 2009 interim dividend of 0.97 pence per share. This interim dividend will be paid, out of the UK GAAP distributable reserves of ARM Holdings plc, on 4 October 2010 to shareholders on the register on 3 September 2010.

Looking good.

Not a bad day - especially as its XD today.

That's a sweet lookin' chart. Good company with a unique business model. Wonder how long it can last?

Current short interest: "ARM short base (data explorers) is 12 days to cover, 6.1% of shares outstanding."

Conclusion of Panmure Gordon broker note:
"Based on our revised DCF, we reduce our price target to 265p from 275p. We continue to believe ARM is well positioned for multiple structural growth drivers and has strong prospects. However the stock looks over-extended and vulnerable to downgrades to consensus estimates which have got increasingly aggressive. We believe the potential for a bid for ARM are extremely low given both strategic and valuation considerations. We re-iterate our Sell recommendation."

New highs again .....

Yes, because ARM have secured a new contract with Samsung to provide a couple of chips for their phones to the detriment of Imagination Tech (IMG) who have lost the contract.

That will be four quid.

This lot hit the sp heavily:
ARM Holdings plc ("the Company") announces the following dealings by Directors and PDMRs:

On 10 September 2010 Tudor Brown, who is President of the Company, sold 150,000 shares at a price of 402.5 pence per share. His resultant shareholding is 916,834 shares.

On 10 September 2010 Mike Muller, who is Chief Technology Officer of the Company, sold 300,000 shares at a price of 402.37 pence per share. His resultant shareholding is 1,461,857shares.

On 13 September 2010 Mike Inglis, who is General Manager of the Processor Division of the Company, sold 100,000 held his Self-Invested Pension Plan at a price of 402 pence per share. His resultant holding is 207,246 shares.

On 13 September 2010 Young Sohn, who is a non executive director of the Company, sold 25,000 ADRs (equivalent to 75,000 shares) at a price of US$18.7168 per share. His resultant holding is 84,000 shares.

On 10 September 2010 Patricia Alsop, who is a PDMR sold 80,000 shares at a price of 405.4 pence per share. Her resultant shareholding is 55,455 shares.

On 9 September 2010 Ian Drew, who is a PDMR, exercised an option over 20,000 shares at a price of 118.50 pence per share and sold the shares at a price of 405.39 pence per share. His resultant shareholding is 76,648 shares."

ARM has dismissed rumors of an acquisition by Apple as completely nonsensical, and says that while Intel may make more money from their chips, ARMs customers are well ahead in sheer numbers. Speaking to the NYTimes, ARM CEO Warren East said that our customers sell about 4 billion chips a year, and that he laughed about the takeover rumors with the folks at Apple. When it comes to the ARM/Intel battle, though, hes more serious: We dont look like Intel, were never going to be a $100 billion outfit.
In fact, East dismisses the idea of a David and Goliath fight between his company and Intel, blaming commentators and press for attempting to hype the division between the two firms. We evolved under low-power pressures, says ARM VP of research Krisztian Flautner, it set us on a different evolutionary path.

Q3 results.

With iPhone4, iPad and iPod Touch gaining popularity, ARM is a strong buy at 371p.

Now 362p with a broker downgrade!

Broker are also trying to get in at a lower sp. Now 366p.

Arm looks to cash in on tablet market

Arm, whose chip designs are used in Apples iPad and iPhone, is expecting to benefit from growing demand for tablet computers.

Speaking as the group revealed third-quarter results, Warren East, chief executive, said Arm was excited that this years launch of the iPad had opened up a new market for tablet computers.

The group which licenses its low-powered chip designs to semiconductor manufacturers and then collects royalty payments said that new tablets from Dell, Research in Motion and Samsung Electronics would all contain its semiconductor designs.

Last week Gartner, the research group, said it expected tablet sales to more than double in 2011 from an expected 19.5m units this year, and surpass 208m units in 2014 as rival technology groups launch tablet products.

With economy improving in UK, computers and mobiles sales will rocket.

Business as usual ?

Buyers chased technology company ARM 14.3p higher to 385p. Galvan Research reckons ARM remains the darling of the tech sector and in the wake of the tablet and smartphone mania of 2010, the chip designer is likely to see further significant benefits going in to 2011.

Read more: http://www.dailymail.co.uk/money/article-1331165/MARKET-REPORT.html#ixzz15mtv9lLP

Anyone for a fiver?

More rumours from across The Pond:
"We believe the convergence of three enablers Android, ARM and touch have the
potential to end the dominance of Microsoft and Intel in what we now know as the PC
market."

RNS Number : 0214Z

Arm Holdings PLC

06 January 2011

6 January 2011

ARM HOLDINGS PLC

FOR IMMEDIATE RELEASE

Microsoft to support ARM based System on a Chip (SoC) architectures for next version of Windows

ARM notes the announcement from Microsoft Corp. at the 2011 International Consumer Electronics show in Las Vegas that the next version of Windows will support system on a Chip (SoC) architectures, including ARM-based systems from NVIDIA Corp., Qualcomm Inc. and Texas Instruments Inc.

Commenting on the announcement, Warren East, Chief Executive Officer said:

"We are excited by Microsoft's announcement, which marks a significant milestone for ARM and the ARM Partnership, and we look forward to working with Microsoft on the next generation of Windows. Windows combined with the scalability of the low-power ARM architecture, the market expertise of ARM silicon partners and the extensive SoC talent within the broad ARM ecosystem will enable innovative platforms to realize the future of computing, ultimately creating new market opportunities and delivering compelling products to consumers."

Ends

10 years ago i held these when they were about 30.00! ..... anyway, very late in the day, i bought this morning at 502

From Deutsche:
Our estimates assume gains in PC market: In our recent note "If ARM ruled the world" we highlighted that we expected Microsoft to port Windows to run on ARM in order to continue to be able to address the growing low-power tablet and netbook markets. We currently model ARM's share of the combined tablet and netbook market (70m units in 2012, 100m units in 2016) is 50%. Depending on Intel's success with its next-generation Atom processor that will address these markets, our estimates could be conservative. We also believe that ARM will gain share in the server market, where we model ARM gains 25% share of processors by 2020.

Momentum remains strong, but valuation demanding: ARM remains a scarce and high-quality pure-play on exploding smartphone and tablet adoption. Furthermore its low-power architecture looks set to gain share of other embedded processor markets such as 32-bit MCU's. We model significant long-term share gains in all of ARM's addressable markets, yet the stock trades on a demanding 40x adjusted 2012 P/E excluding stock option expense and 58x if we include stock option comp. Hold.

J P Morgan:
Although Microsoft did demonstrate Microsoft Office running natively on ARM at CES yesterday, all developers will need to build programs for ARM processors if these programs are to work. Current Windows programs will NOT work on ARM processors.

No impact of the Windows PC units will be seen on ARM royalties till 2013 and thus with the stock trading at 50x EPS there could be many quarterly disappointments on the way esp. given the huge multiple.

I've just taken a large chunk of my remaining holding off the table @506. There may be more to come, but they have been good for me. Good luck to those that still hold.

Taken mine off at 496. There will be plenty more opportunities from this share, and I've made loads from them over the past few months.

Just bought a few back @479.4.

456p. Must be worth buying a few at this price?

i sure called it wrong and shall contemplate what to do

Unlike you cyners.

Gravestone Doji yesterday.

Report on Chartattack thread , hows it going sticky?.

Will post it here, from investors inteligence....

UK Chart of the Day: 7 January 2011
Chart of the day: A counter-trend idea in ARM..
ARM Holdings soared over the past few sessions on potential sales upgrade.*

Prices jumped from 440p to a high of 535p yesterday, before pulling back sharply, leaving in its wake an extended legged candle. Such long upper tail is a sign of buying exhaustion. As such, chasing after ARM is not advised now.

In fact, a speculative short may be put on to bet on a consolidation back to 430p. The stock is currently (1) short-term oversold, (2) far from the moving average, and (3) aiming to cover the gap at 430p. Stop at 510p.

a moment of stupidity, but hey ho .... at least haven't had too many of those in recent months

=======

obeyed my own preaching and bit the bullet ..... no obvious profit to come in the immediate future, even though it is indeed a very good company

Must admit cyners thought of buying in myself last night but had too many sherberts after watching England thrash the aussies. Good job i was hung over.

Still think it could go on and on to a much steeper SP but market looks rather shakey in general at moment.

Big figures to come from the Yanks at 1.30 our time.

Could dictate which way markets go for a while. 150,000 expected.

a siren's song .... that's how to make losses even worse, even if on occasion the sale does prove to have been premature

I just sold with a respectable profit after buying at 365p a few weeks ago.

Just sold the 479.4 @550 + 70.6.

well done .... with hindsight, sorry i bit the bullet, but have learned the hard way that hanging on in hope is seriously dangerous

Rachel Cooper, 19:27, Friday 14 January 2011

ARM Holdings recent rally showed no sign of abating on Friday as the designer of microchips for gadgets such as the Apple (NASDAQ: AAPL - news) iPhone surged to another decade high.

FTSE today: market report live

This time, ARMs rise came courtesy of Intel (NASDAQ: INTC - news) , its American rival and the worlds largest maker of microchips. Intel, which is regarded as a bellwether for the industry, defied a slowdown in PC sales to clock up forecast-beating revenue and also predicted a bright outlook for the first part of this year.

Investors in the sector took heart from Intels performance, sending ARM up 26 to 530p to claim the benchmark indexs yellow jersey.

Ian Robertson, an analyst at Seymour Pierce, said the read across for UK technology hardware is supportive but not inspiring.

While Intels strong figures did nothing to quell persistent gossip that it could make a tilt at ARM, Mr Roberston suggested that ARMs smaller peer, CSR (LSE: CSR.L - news) , could be in Intels sights. But he added that he was also fascinated by the recent suggestions that Intel is looking to acquire IQE (LSE: IQE.L - news) at 95p. Gossip earlier this week suggested that Intel could make a offer for the supplier of wafers to the semiconductor industry. CSR rose 1.3 to 413.3p, while Aim-listed IQE put on to 53p.

Despite ARMs best efforts, the large-caps sank into the red as traders fretted about the strength of the economic recovery. Prompting this concern was news that China had further tightened its monetary policy, which sparked anxiety that a cooling of the countrys growth may depress demand for commodities.

where now?!

Board Changes.

ARM Holdings plc is very pleased to announce the forthcoming appointment of three new independent non-executive directors. Janice Roberts and Larry Hirst will join the board on 25 January 2011 and Andy Green will join the board on 25 February 2011.

ARM HOLDINGS PLC REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2010

Progress on key growth drivers in Q4
Growth in adoption of ARM processor technology
o 35 processor licenses signed for a range of applications including smartphones, mobile computers, servers and smartcards
o Microsoft announced that future generations of Windows operating system will support ARM-based chips
o NVIDIA licensed both Cortex-A15 and the next-generation ARM architecture for computing markets
o Strong licensing drives a 35% sequential increase in order backlog
Growth in mobile applications
o 1.1 billion ARM-processor based chips shipped into mobile devices
Growth beyond mobile into consumer electronics and embedded products
o 0.7 billion ARM-processor based chips shipped into everything from smart-meters to solid-state drives
Growth in outsourcing of new technology
o Physical IP: Freescale became ARM's first subscription licensee for physical IP at an advanced technology node; and a foundry licensed a royalty-bearing platform of physical IP.
o Graphics: 8 licenses for Mali, ARM's advanced graphics processor

Warren East, Chief Executive Officer, said:
"ARM continues to sign licenses with influential market leaders in an increasingly digital world, and as the industry chooses ARM technology in a broadening range of electronic products, it further drives our long-term royalty opportunity. The growth in licensing and royalty revenues, throughout 2010, has combined to deliver our highest ever annual revenues, profits and cash generation.

2011 will bring exciting opportunities and challenges as ARM enters competitive new markets and we are well positioned to succeed with leading technology, an innovative business model and a thriving ecosystem of partners."

Outlook
It is generally expected that, after a strong recovery in 2010, the semiconductor industry will see more typical growth levels in 2011. With ARM well positioned to continue to gain share, we expect group dollar revenues for the full-year to be at least in line with market expectations.

Damned if they do, damned if they don't. Directors'/PDMRs' shareholding

Hope investors havent forgotten the bullish broker SP targets on this stock from christmas...


Date Broker name New Price Old price target New price target Broker change

25-Feb-11 Bank of America Neutral 608.00p 238.00p 660.00p Upgrade

18-Feb-11 Morgan Stanley Overweight 620.00p - - Reiteration

14-Feb-11 Goldman Sachs Buy 651.00p 700.00p 800.00p Reiteration

Sound day for ARM. Lookin forward to more though.

ARM stock of the next decade.......

http://stockgumshoe.com/2011/03/navellier-teases-my-stock-of-the-next-decade.html

JUST REPORTED IN THE US....

9:26 AM Apple (AAPL) is reportedly dumping Intel (INTC) chips in favor of ARM-based (ARMH) chips for its laptops and possibly its desktops, SemiAccurate's Charlie Demerjian writes. Apple's alleged move to ARM processors is expected to take place "as soon as possible," likely when 64-bit variations are available by late 2012 or early 2013. ARMH +5.1%, INTC -0.7%, AAPL +0.9% premarket

http://seekingalpha.com/currents/all

RNS Number : 6948G

Arm Holdings PLC

17 May 2011

ARM HOLDINGS PLC - ANALYST AND INVESTOR DAY

CAMBRIDGE, UK, 17 May 2011-ARM Holdings plc will be hosting analyst and investor presentations today in London.

The presentations will cover the following topics:


1. Overview and ARM's 2020 Tudor Brown, President
Vision
2. Licensing and Royalty Evolution Graham Budd , Chief Operating
Officer
3. ARM Performance Computing Mike Muller , Chief Technology
Officer
4. Ecosystem and Software James McNiven, VP of Software
development Alliances
5. Q&A Chaired by Warren East, CEO

The presentation will be held at The Lincoln Centre, 18 Lincoln's Inn Fields, London, WC2A, and commences at 10am, with registration from 9:30am. There will be a simultaneous live audio webcast from the company's website at www.arm.com/ir.

Copies of the presentation and replay of the audio webcast will be available from the website by 5pm BST on 17 May 2011.

ARM ready to bounce back?...

http://www.streetinsider.com/Corporate+News/ARMs+CEO+Brown+Expects+to+Gain+Market+Share+with+Windows+8+-+Digitimes+%28ARMH%29+%28MSFT%29/6564548.html --------------------------------------------------------------------------------

RNS Number : 6130I

Arm Holdings PLC

17 June 2011

ARM Acquires OBSIDIAN SOFTWARE

CAMBRIDGE, UK , Jun. 17, 2011-- ARM(R) [(LSE:ARM); (Nasdaq:ARMH)], today announced that it has acquired Obsidian Software, a market leader in verification and validation used in the design of increasingly complex processors. Obsidian Software is a privately-owned company, with offices in Austin, Texas.

As System on Chip (SoCs) and processors grow in complexity there is an increasing need to develop more sophisticated verification strategies. This acquisition augments ARM's drive in matching its verification strategies with the rate of change in its high performance, complex SoC IP components.

"ARM and Obsidian Software have had a long relationship which started with early work on Cortex(TM)-A8" said Mike Inglis, GM and EVP, Processor Division, ARM. "The technology and people that will come with this acquisition are a significant addition to our capabilities in maximizing quality and reducing time to market of ARM-based SoCs."

"Obsidian Software has a long history of building advanced verification tools for the ARM architecture and enabling ARM partners" said Eric Hennenhoefer, President of Obsidian Software. "The ARM ecosystem will be extended by the addition of Obsidian Software's verification solutions, which will accelerate the success of the ARM architecture in the marketplace."

The Obsidian Software validation team will become part of an ARM Processor validation team based in Austin, Texas.

About Obsidian Software

Obsidian Software, a privately held company with gross assets valued at less than $2 million , has been providing processor verification products, verification consulting and training services to processor designers since 1997. Obsidian's RAVEN software has been used by many of the world's leading semiconductor companies. Obsidian Software has been recognized as part of the INC500, Austin Heavy Hitters and Austin Fast 50.

Could be the ideal timre to trade ARM here up to recent highs. Bounced right off 38% fibonacci retractment level today and looking strong for upward momentum.

Morgan Stanley note:
We have had lots of good news so far on ARM this year and are still believers in the long-term story. However, we believe that it might be time to take a breather on the stock given the strong absolute and relative share price performance this year. Downgrade to EW.
Forecasts unchanged but shares have outperformed and upside now limited. With the shares up 42% since the beginning of the year, ARM has outperformed the SOX index by 15% since mid-February (when the SOX peaked at 475). We still believe that ARM will maintain its 95+% share in smartphones, leading share in tablets, and take share in the laptop market when Microsoft launches Windows8 on ARM. However, with the share price close to our 625p PT (5% upside), we believe an OW is not warranted. We are not changing our above-consensus forecasts for 2012/13 and expect Q2 results (26th July) to confirm strong demand for ARM licenses.
What could take ARM higher to the next level?
1) Strong consumer demand for ARM based Windows8 tablets and laptops and the availability of these products with attractive form factors earlier than the H2 2012 expectation. 2) If Apple were to look at ARM for its Macbook product line (see our note dated 11th May The Race for Apple). 3) Servers and cloud computing We believe there is room for ARM in a server market dominated by Intel (95% market share) and AMD (5% market share). However, we are still waiting for ARM to announce a 64bit and multi-threading core.
What could bring ARM lower to the 500-550p level?
If Q2 results are just in-line and the macro environment remains difficult, leading to more consumer weakness related profit warnings, we could see PE compression on ARM, even with no cuts on estimates. At 500p, the shares would trade on 33x 2012 and 25x 2013 MSe PE.]

Harry - have a look at posts 5,8 and 9. Quite amazing - we thought the good news was all in the past !

Out now

ARM: Goldman Ups To Conviction Buy On Structural Growth

Technology is a big switch-off says analyst, and ARM is made scapegoat

Bank of America Merrill Lynch was to blame, choosing yesterday to published unfavourable research on a rash of technology companies, ARM among them.

Against a weakening economic backdrop, the broker argued that investors already own too many technology shares, unlike in the aftermath of the Lehman Bros collapse in September 2008 when such stocks did well.

Merrill shifted to more conservative earnings forecasts and valuations, telling clients that it thought ARM shares would underperform others. That, despite the companys 18.4 per cent fall since early July.

Alongside ARM, Merrill downgraded the French software company Capgemini, ST Microelectronics, a Swiss microchip company, and TomTom, the American satnav supplier.
The Times

Just a minor point, TomTom is a dutch company.

ARM Goldman: conviction buy, tp reiterated 800

Has anyone got any thoughts rearding why ARM's price is going up while everything else is going down?

Autonomy effect?

Numis comment:
Upgrading to Buy from Add following share price weakness, positive prospects in consumer computing and positive read across from HP acquisition of Autonomy.

We believe ARM is the best way to gain exposure to a rapidly changing landscape for consumer computing (as evidenced by HP looking to exit PC business and abandoning its new smartphone and tablet products). There are strong opportunities for ARM to earn higher royalties as it enables this change. One or two % points change to world GDP growth is immaterial to the long term structural growth investment case.

The stock should continue to trade at high P/E multiples or otherwise fall prey to another cash rich tech goliath in the same way Autonomy has. We believe the depressed share price following recent market turmoil represents a buying opportunity. Current P/E is 40.2x FY11E and 30.7x FY12E.

The new Iphone 4s uses the a5 dual processor - so may give ARM a fillip today?

Great news out later this evening.......

http://www.ft.com/cms/s/2/c18f84e4-fa6d-11e0-8fe7-00144feab49a.html?ftcamp=rss#axzz1bHaTdkJM

3rd Quarter Results.

Easily beat in fact smashed broker forecasts of pre tax profit of 47.6 and EPS of 2.7p, this is what BNP Paribas was looking for.

Revenue ($m)
192.3
158.1
22%

192.3
158.1

Revenue (m)
120.2
100.4
20%

120.2
100.4

Operating margin
44.6%
37.7%


34.0%
18.6%

Profit before tax (m)
55.8
38.8
44%

43.0
19.6

Earnings per share (pence)
3.05
2.08
47%

2.29
1.09

Net cash generation**
43.7
65.0

GF - it made a mess when I cut and pasted it - so I didn't bother :-)

Heres a better one Skinny...


UPDATE 1-Strong licensing helps ARM beat expectations
25 Oct 2011 - 07:30

* Q3 revenue 120.2 mln stg (Company poll 116.5 mln stg

* Sees full-year revenue in line with forecasts of $763 mln

* Says healthy licensing pipeline


(Adds details)

LONDON, Oct 25 (Reuters) - Britain's ARM Holdings reported strong licensing of its chip designs in the third quarter, helping it beat market expectations and offset current weak demand in consumer electronic markets ahead of the holiday season.

The company, whose processor architecture powers Apple's iPad and new iPhone 4S, reported a 44 percent rise in pretax profit to 55.8 million pounds on revenue up 20 percent to 120.2 million pounds, both ahead of analysts' consensus. Earnings per share of 3.05 pence also delivered a beat.

"Notwithstanding the below seasonal activity levels in the wider semiconductor industry, we expect that group dollar revenues for the full-year 2011 will be in line with current market expectations of around $763 million," the Cambridge-based company said on Tuesday.

ARM reports royalties a quarter in arrears, so it has less visibility on demand in consumer electronic markets than its chip-making partners such as Samsung and Texas Instruments.

The group, which recently unveiled its latest low-energy chip design, the Cortex-A7, said it signed 28 processor licenses in the quarter. [ID:nL5E7LJ42H]

It said it had a healthy opportunity pipeline for licensing and a historically high order backlog, which pointed to another strong quarter for license revenue in its fourth quarter.

Analysts expected ARM to post pretax profit of 51.1 million pounds on revenue of 116.5 million pounds, equating to earnings per share of 2.75 pence, according to a company-supplied consensus.


(Reporting by Paul Sandle)

((paul.sandle@thomsonreuters.com; +44 20 7542 6843; Reuters Messaging: paul.sandle.thomsonreuters.com@reuters.net))

Keywords: ARM/

Goldfinger - as always - an amazing company.

Bit of a blow to Intel and BIG News for ARM if true

http://online.wsj.com/article/BT-CO-20111025-723371.html

ARM Acquires Prolific, Inc.

Enhancing Physical IP Library Development for Advanced Process Nodes

CAMBRIDGE, UK, Nov. 1, 2011-- ARM [(LSE:ARM); (Nasdaq:ARMH)] today announced that it has acquired Prolific, Inc., which develops leading-edge IC design optimization software tools that significantly reduce development time and improve the performance of cell-based designs. Prolific is a privately-owned company based in Newark, California.

Hewlett Packard to build servers using ARM-based chips

Hewlett Packard plans to make computer servers using low-energy processors based on ARM Holdings' designs.

HP said the equipment would be cheaper to run than current alternatives.

UK-based ARM's chip architecture had been developed for use in smartphones and other mobile devices.

The British firm said the deal was "a first step" towards increasing its presence in a sector dominated by Intel's X86-based processors.

Looking at 640 again.

ARM's new GPU chip design aims to boost mobile graphics

British computer chip designer ARM has unveiled its latest graphics processing unit (GPU) for mobile devices.

The Mali-T658 offers up to ten times the performance of its predecessor.

RNS Number : 8468R

Arm Holdings PLC

10 November 2011

ARM Holdings plc ("the Company")

10 November 2011

Board change

Tudor Brown has advised the Company that he wishes to retire from the board and therefore will not be seeking re-election at the forthcoming Annual General Meeting, scheduled for 3 May 2012. He will leave the Company then. Tudor is one of the founders of the Company and worked on ARM-related products before ARM was formed. He has worked in a variety of roles including Engineering Director and Chief Technology Officer, EVP Global Development and Chief Operating Officer. He joined the board in 2001 and became President of the Company in 2008 with responsibility for developing high-level relationships with industry partners and governmental agencies and for regional development in AsiaPac.

Tudor Brown said:

"I am very proud to have been so closely involved in building ARM to be the highly successful and respected company that it is today. I know that ARM is in a very strong position and I look forward to watching it grow further in the future."

Doug Dunn, Chairman, said:

"Tudor has played an important role in the creation and successful development of ARM over the past 21 years and has made an immense contribution in a wide range of positions. We will miss his incisive and thoughtful contributions and thank him and wish him well for his retirement."

yep remember arm when it was <100 - done very well - isnt the sompetition getting close now and decline in some mkts?

ARM Holdings warns of slowdown in licensing revenues

ARM Holdings, the Cambridge-based microchip designer, expects the semiconductor industry to grow by a few percent in 2012 but has warned of a slow down in licensing revenues.

Results on Tuesday -

Ace computer chip designer ARM Holdings has rewarded investors handsomely in recent years, more than six-bagging from a low point of 79p in 2008 to 598p today. The tantalising prospect of WinARM edging out WinTEL over the next few years hasn't done its prospects any harm, either.

There is strong earnings growth expected for 2011, but at 598p and a P/E of 54, a fair bit of that future potential is clearly already in the price, which looks too high to me. With a dividend yield of just 0.5%, it's perhaps not one for retired income-seekers, but we might just be at the start of a new golden era.

Fourth Quarter & Full Year Results

Progress on key growth drivers in Q4

-- Growth in adoption of ARM(R) processor technology
o 25 processor licenses signed, including the first lead licenses for processors based on the new ARMv8-A architecture

o 9 Cortex(TM)-A and 8 Cortex-M family processor licenses signed

o Many of the advanced processor licenses signed with companies developing smarter consumer electronics technology such as digital TVs, mobile computers and smartphones

-- Growth in shipments of chips based on ARM-processor technology
o 1.2 billion chips shipped into mobile phones and mobile computers, up 10% year-on-year

o 1.0 billion chips shipped into consumer and embedded digital devices, up 40% year-on-year

-- Growth in outsourcing of new technology
o Physical IP: 20nm royalty-bearing platform signed with major foundry and 3 Processor Optimisation Pack (POP) licenses signed for Cortex-A series processors

o Mali(TM) Graphics: 5 Mali licenses signed for digital TV, mobile computing and smartphones

Warren East, Chief Executive Officer, said:

"In Q4 and throughout 2011 ARM has seen strong licensing growth, driven by market-leading semiconductor companies increasing their commitment to ARM technology, and more new customers choosing ARM technology for the first time. We have also seen our royalty revenue continue to grow faster than industry revenues as the ARM Partnership gains share in our target markets.

2012 will bring exciting opportunities and challenges as ARM enters competitive new markets where we are well positioned to succeed with leading technology, an innovative business model and a thriving ecosystem of Partners. As our customers are designing more ARM technology into their widening product portfolios, ARM is investing in the development of new products. These products will drive further long-term growth in our revenues, profits and cash."

Outlook

ARM enters 2012 with a robust opportunity pipeline for licensing and a record order backlog, helped by new product introductions and new markets. In addition, market share gains in long-term growth sectors look set to continue as our Partners introduce new chips based on ARM technology. Given industry analysts are forecasting that semiconductor revenues declined about 10% sequentially in Q4 and given ARM's very strong license revenues in Q4, we expect group dollar revenues for the first quarter to be in-line with current market expectations of around $200 million.

For full-year 2012, the global macro-economic situation remains uncertain and is likely to influence consumer and enterprise spending, thereby potentially impacting semiconductor revenues and industry confidence. Assuming the macroeconomic situation does not deteriorate significantly, we expect group dollar revenues for the full-year to be at least in line with current market expectations of just over $860 million.

RM Holdings plc
3 February 2012
Announcement of dealings by a PDMR


ARM Holdings plc (the "Company") announces that Ian Drew, who is a PDMR of the Company, sold 25,000 shares on 2 February 2012 at a price of 588.14 pence per share. His current total resultant shareholding is 20,467 shares.

They are all showing great confidence selling off shares! What will it take for this company to break through the 600-650 resistance area. I see its a share of ups and downs, are people getting in and out regularly on the regular troughs?

ARM Holdings plc
10 February 2012
Announcement of dealing by a PDMR

ARM Holdings plc (the "Company") announces that John Cornish, who is a PDMR of the Company, today sold 198,449 shares at a price of 560 pence per share. His total resultant shareholding is 4,107 shares.

Unless he knows something, he has sold at the bottom of its recent trading range 560ish - 640 - see post 108.

Given the recent statement of the increased orders, it should be business as usual....

though nothing is business as usual i'm finding in shares!!!

Just bought myself some ARM. Naz was at a high yesterday think it was highest since Dot Com. stand to be corrected on that. Chart looks good for a rise, oscilators pointing in right direction. Quality company.

RNS Number : 4197X

ARM Holdings PLC

14 February 2012

ARM Holdings plc

14 February 2012

Announcement of dealings by a PDMR

ARM Holdings plc (the "Company") announces that on 13 February 2012 Lance Howarth, who is a PDMR of the Company, sold 122,651 shares at a price of 570 pence per share. His total resultant holding is 85,000 shares.

ENDS





RNS Number : 3937X

ARM Holdings PLC

14 February 2012

ARM Holdings plc

14 February 2012

Announcement of dealing by a PDMR

ARM Holdings plc (the "Company") announces that on 10 February 2012 Antonio Viana, who is a PDMR of the Company, sold 424,345 shares at a price of 550 pence per share. His total resultant shareholding is nil shares.

ENDS

Yep but that goes to show if the SP hasnt tanked Skinny its going to rev up. One of the main reasons i bought. No kidding.

Goldfinger - I love ARM - I have a core holding from @£1 and have traded it many times - youngs bitter beckons!

Events Past Future

FEB 16 ARM Holdings PLC at Natixis Roadshow

FLASH: Naxtis upgrades ARM Holdings from reduce to neutral, target price increased from 530p to 600p

Nice to see a uK business doing well and sp pushing upwards £5.40-ish, but for me it's far too high with 1% yield and a PE nearly 3-figures! [DYOR]

At £1, I might be tempted.... but I never get these things right.

ARM SELL
This was yesterdays top tip on Investors Inteligence:

ARM Holdings has been failing to reassert its long-term price uptrend for some time. More worryingly, the stock is retreating from its recent highs. This raises the possibility of a long-term top formation (see right).

Note too that ARM has breached the 200-day moving average. Technically, we are always wary of stocks falling beneath its 200-day MA as this usually signals that a change in trend. Also, we note ARM's falling relative strength.

A medium-term short may thus be opened here, with the initial stop advised at 630p, a stop to be lowered as soon as prices move in favour. Target 400p.

Broker sell.......


ARM Holdings FTSE 100 Technology Sell 340 540.5 -37.1% Societe Generale

340p SP target -37.1% downside.

12:35 FLASH: Morgan Stanley upgrades ARM Holdings from equal weight to overweight, target price unchanged at 650p

Make your mind up :-))

Changed yesterday. took a small loss.

NOW back long.

With the new IPad launch yesterday, probably better to be long rather than short.

Inded indeed. markets turned on a sixpence in last 24 hours.

ARM (ARM)

Another Broker upgrade on ARM
out this afternoon.

ARM Holdings FTSE 100 Technology Neutral 600 567.5 5.7% Exane BNP Paribas

Target SP 600p 5.7% upside

ARM

Almost a tip in Investors Inteligence
this morning.......

Meanwhile, the short in ARM was also stopped out as the stock gapped up yesterday (the IPad 3 effect?). Looking back, I was dumb not to tighten the stop on Wednesday.

ARM (arm)

Range trading on ARM proving
to be a very profitable stratergy.

The ONLY way is up at present.

Flippin' heck, two days ago there was -37% DOWNSIDE!!! Far too scary for my liking!

ARM accelerates as large-caps extend gains

ARM’s chips are found in smartphones made by the likes of Apple and Samsung, as well as in items such as printers and sewing machines. The Apple connection appeared to be getting traders hot under the collar as they reacted to Apple’s new iPad, a new version of its tablet computer.

But as well as that excitement, ARM investors were also heartened by Morgan Stanley upping its rating to “overweight”.

Depends wether your trading or investing with ARM. If your trading you have to be ready to go with the direction of the present trend or you can get burnt badly.

Taking a small loss here or anywhere is better than letting a trading stock become an investment stock. If you cant do that and get emotional you wont get anywhere as a trader.

Anton Kreel chap who was in Million dollar traders prog a couple of years back BBC 2 commented on ARM a few days back on twitter. Said something like... anybody who thinks because ARM is a good company is a good investment is deluded.

Here we are his exact tweet........

Anton Kreil ‏ @AntonKreil

Anyone who thinks ARM Holdings is a great stock needs to stop takin those mushrooms. A great company doesn't necessarily make a great stock

https://twitter.com/#!/AntonKreil

Arm's latest processors aim to stretch internet's reach

Arm Holdings has unveiled what it describes as the "world's most energy-efficient microprocessor" design.

The firm says that microcontrollers based on the "Flycatcher" architecture will pave the way for the "internet of things" - the spread of the net to a wider range of devices.

BarCap note today:
"We upgrade ARM to 1-Overweight and raise our price target to GBP7.25 as we see smartphone and tablet growth driving upside to expectations and a return to positive estimate momentum. ARM shares performed weakly over the past year as the market digested its prospects in the PC market and earnings momentum slowed. With continued upside being seen in the smartphone and tablet segments, and ARM retaining its strong position in both despite threats from Intel, we see ~10% upside to consensus estimates for 2012/13 and raise our rating to 1-Overweight.
ARM v Intel: limited change in core markets, tablets positive for ARM: Our sector report issued today looks in detail at the ARM vs. Intel battle. Both sides are moving into the others’ market, but we do not see material shifts in smartphone or PC share. We forecast tablets to grow strongly and for ARM to retain the upper hand. On Windows on ARM, Microsoft’s disclosure has resulted in a more modest expectation of adoption of ARM in PCs, contributing minimally to 2012/13 estimates."

RNS Number : 6906A

ARM Holdings PLC

03 April 2012

ARM, Gemalto and Giesecke & Devrient announce the creation of a joint venture

CAMBRIDGE, UK - APRIL 03 2012

ARM, Gemalto and Giesecke & Devrient today announced the creation of a joint venture dedicated to delivering a trusted, secure environment for advanced services running on smartphones, tablets and other smart connected devices.

Each of the three companies is contributing assets to the new independent company, including patents, software, people, cash and capital equipment. ARM is providing working capital and employees, mainly engineers and market development staff. The cash contributed by ARM is not significant in the context of ARM's balance sheet.

ARM will own 40% of the joint venture, with Gemalto and Giesecke & Devrient owning 30% each.

1st Quarter Results.

Progress on key growth drivers in Q1

· Growth in adoption of ARM® processor technology
o 22 processor licenses signed across all target end markets
o 8 Cortex™-A licenses signed, including licenses for Atlas and Cortex-A15 for use in servers
o 10 Cortex-M class licenses, including a further license for ARM's smallest and lowest power Cortex-M0+ processor for use in next generation Internet of Things devices
· Growth in shipments of chips based on ARM processor technology
o 1.1 billion chips shipped into mobile phones and mobile computers, similar to a year ago
o 0.8 billion chips shipped into consumer and embedded digital devices, up 15% year-on-year
· Growth in outsourcing of new technology
o Physical IP: 3 Processor Optimization Pack licenses signed for Cortex-A family processors, further increasing the royalty opportunity from high-value chips in mobile computers, smartphones and automotive infotainment
o Graphics: 2 licenses signed for Mali™, taking advanced 3D graphics into low-cost smartphones

Barclays reiterates it's Overweight Tp 725p

JP Morgan Cazenove reiterates it's Neutral Tp 540p

Natixis Bleichroeder Upgrade to Buy Tp 625p

It's a good company, possibly one of the few "Global Brands " which started in UK. However, I don't like the PE ration as a stock-buyer . . . but do like their recent JV to create more-secure smartphones, etc. and graphics too.....
+ This is the sort of thing that Dolby did for Audio - - - - no-one* knows what it is, but they are willing to pay a little to have it, just in case.


*I mean the average retail Buyer, in Comet, say.

ARM get a mention here.

Interim figures from ARM Holdings on Wednesday should be worth a look. The shares piled up from a 2009 low of 81p to reach 650p last year, as chips from the Cambridge based designer found their way into Apple iPhones and all manner of other portable devices.

They've floundered a little since then, falling back to 497p today. But there are hints that the company's intellectual property should set it up for a fresh growth phase, as the boom in mobile computing is really still only in its infancy. Okay, the shares are on a prospective P/E of 36 for the year to December, but they've been much more highly rated in the past and still gone on to greater things.

dreamcatcher - I've been watching these again this week - starting to look interesting.

They do skinny, my funds are all locked up at the moment.

Results for the Second Quarter and Half Year

Chip designer ARM Holdings (LSE: ARM.L - news) was making gains today after Barclays (LSE: BARC.L - news) said that it is in a decent position to benefit from the increased demand of high-tech smart devices.

Looking at £6 after a decent run from a fiver.

Downgrade yesterday - Deutsche Bank Sell TP reduced from 465p to 400p

Today - Citigroup retains it's Buy TP 605p

Looking strong today and getting close to the busy £6 area.

iPhone 5 A6 chip running A15 cores beats Samsung

Date: September 13th, 2012

The Apple iPhone 5 was officially announced yesterday and we’ve been bringing readers all the details. One of the first things covered in Apple’s keynote speech was the introduction of the new A6 chip, a step up from the A5 used in the current iPhone 4S and Apple claims this new processor will offer speeds up to two times quicker than the older A5. Now we have learned that the iPhone 5 A6 chip is running A15 cores, beating Samsung in bringing them to the market.

Motorola's first Intel-powered handset launches in UK

Google's Motorola unit has released its first Intel-powered smartphone.

The Razr i is based on a mid-range model sold in the US that features an ARM-based Snapdragon processor.

Motorola said the change of chip meant improved camera performance. However, it has also meant Google's Chrome browser is not installed on the device.

Intel recently cut its sales forecasts citing weaker demand. Although it dominates PC chip sales it is a niche player in the smart device sector.


The handset is Motorola's first to feature an Intel processor
Its existing smartphone partners - ZTE, Lenovo, Lava, and Gigabyte - are all relatively minor smartphone forces in Western markets.

So, Intel's tie-up with Google - which also makes the Android system - is widely seen as its most significant effort to crack the market to date.

ARM Holdings will release a Q3 update on Tuesday. ARM has gone through a classic growth phase, and its share price has powered up from 80p at the start of 2009 to a peak of 650p in early 2011, sporting a very high P/E along the way. Since then, the price has flattened, and is even down a little from that peak to 593p today -- the price appears to be taking a break while earnings catch up.

How's the valuation looking today? The company is still priced as a growth share, with forecasts putting it on a forward P/E of over 40 with only a tiny dividend of less than 1%. We're still some way from the transition between growth and dividends, and there is a fair bit of growth still in the price, but is there a new growth spurt to come? There could be.

Third Quarter Results

Progress on key growth drivers in Q3

· Growth in adoption of ARM® processor technology

o 29 processor licenses signed for a broad range of applications, including deeply embedded products such as chips for hearing aids and automotive braking systems, and consumer electronics such as smartphones, TVs and tablets

o Momentum in high-end computing and networking applications continued, with the signing of one ARMv8 architecture license, one ARMv8 processor license and one Cortex-A15 processor license

· Growth in shipments of chips based on ARM processor technology

o 2.2 billion chips shipped, split equally between mobile and non-mobile segments

o Processor royalty revenue grew 27% year-on-year, driven by strong growth in Cortex-A and Mali-based chips

· Growth in outsourcing of new technology

o 5 Mali™ graphics processor licenses signed, including three with new customers for Mali technology

o 4 physical IP Processor Optimisation Packs licensed, enhancing ARM's royalty opportunity per chip

Chip designer ARM Holdings put on 90p (16%) to end October on 665p. Until then, the shares were just at break-even point for the year, having gone through a 20% dip during the summer.

The big news was a 22% jump in third-quarter pre-tax profit to £68m, announced on 23 October. That came from an 18% rise in quarterly sales to £228m, after ARM's customers manufactured 2.2 billion ARM-based microprocessors during the three-month period.

The shares have eight-bagged since 2009, and are now on a forward price-to-earnings (P/E) ratio of 40 for the full year, so there's plenty of future growth already in the price. But we're really still in the early days of mobile computing, so that could well be justified.

Apple Said to Be Exploring Switch From Intel for Mac

Apple Inc. (AAPL) is exploring ways to replace Intel Corp. (INTC) processors in its Mac personal computers with a version of the chip technology it uses in the iPhone and iPad, according to people familiar with the company’s research.

Apple engineers have grown confident that the chip designs used for its mobile devices will one day be powerful enough to run its desktops and laptops, said three people with knowledge of the work, who asked to remain anonymous because the plans are confidential. Apple began using Intel chips for Macs in 2005.

Participation in Consortium to Acquire Rights

ARM is a leading participant in a consortium of major technology companies to acquire rights to MIPS' portfolio of 580 patents.

CAMBRIDGE UK - 6 November 2012 - ARM [(LSE: ARM); (NASDAQ: ARMH)] today announced that it is a leading member of Bridge Crossing LLC, a consortium of major technology companies affiliated with Allied Security Trust, which has entered into an agreement with MIPS to obtain rights to its patent portfolio. The MIPS patent portfolio includes 580 patents and patent applications covering microprocessor design, system-on-chip design and other related technology fields. The consortium will pay $350 million in cash to acquire rights to the portfolio, of which ARM will contribute $167.5 million.

The transaction will, upon completion, support continued innovation in system-on-chip design, whilst removing any potential litigation risk presented by the MIPS patent portfolio with respect to the consortium members. The consortium will make licenses to the patent portfolio available to companies not within the consortium.

No surprise there then +3%

In both these stocks but the broker goes hold IMG sell ARM. Anyone have the full note or notes?.

08 Nov Imagination... IMG Deutsche Bank Hold 479.05 479.00 590.00 590.00 Retains
08 Nov ARM Holdings PLC ARM Deutsche Bank Sell 703.00 705.00 400.00 400.00 Retains

A thing of beauty.

New multi year high this morning @750.50p

And again @780.

When do I sell.

Highest for a while today 784p

New post tech boom high today @818.50p.

Morgan Stanley note today:
"While 12m ago investors were worried about ARM’s position vs Intel, we believe the current share price implies a near perfect trajectory in ARM’s market share and royalty rate for the next two years. As a result, we downgrade to EW and wait for a better entry point into what remains a great story.
Investor expectations are now very high ... Just like two years ago, ARM’s share price has rocketed strongly on expectations that 1) it would take significant market share in the mobile computing market, micro-server and infrastructure markets; and 2) the launch of new architecture such as big.LITTLE would lead to higher royalty rate. Everything we were hoping for 12 months ago is now taken for granted due to strong news flow, including the iPad mini launch, disappointing Ultrabook launch and weak PC sales. It will be difficult for news flow to improve from here, and ARM could still lose sockets here and there (Samsung Galaxy S4, for instance) and are fully priced in. Investors’ high expectations are reflected in a 44x PER – at the high end of the past ten-year range. To move our DCF price target beyond £10 would require double-digit growth beyond 2020, on top of significant market share gain and a royalty rate increase in the several years to come."

Final Results

Progress on key growth drivers in Q4

· Growth in adoption of ARM® processor technology

o 36 processor licenses signed for a broad range of applications, from smartphones and mobile computers to medical devices and microcontrollers

o Momentum continues in computing, servers and networking applications with the signing of two ARMv8 architecture licenses, six ARMv8 processor licenses and three ARM Cortex™-A15 processor licenses

· Growth in shipments of chips based on ARM processor technology

o 2.5 billion chips shipped
o Processor royalty revenue grew 21% year-on-year, driven by strong growth in Cortex-A and Mali™-based chips

· Growth in outsourcing of new technology

o 7 Mali graphics processor licenses signed
o 5 physical IP based POP™ IP products licensed

Great results.

I of course had these at 89p.............Guess what?

I bought some of these and BT both just under a quid at about the same time - and still have both!

Although I do trade them from time to time.

Jefferies International Buy 917.50 922.50 805.00 1,300.00 Upgrades

ARM HOLDINGS PLC ANNOUNCES CEO SUCCESSION

Cambridge, UK, 19 MARCH 2013 - ARM Holdings plc [(LSE: ARM); (NASDAQ: ARMH)], the world's leading semiconductor intellectual property (IP) supplier, announces today that Chief Executive Officer Warren East has decided to retire from the company, effective 1 July 2013, after nearly twelve years as CEO and nineteen outstanding years at the company. Simon Segars, currently President of ARM, will become the company's new CEO.

1st Quarter Results

Progress on key growth drivers in Q1
· Growth in adoption of ARM® technology
o 22 processor licenses signed across multiple end markets from smartphones and mobile computing to digital TVs and wearable technology
· Advanced technology enables higher royalty percentage per chip
o 9 Cortex™-A processor licenses and another ARMv8 architecture license signed3 further partners enabled with ARM's v8 big.LITTLE technology
o 3 Mali graphics processor licenses signed, including a license for Skrymir, ARM's most advanced graphics processor
o POP™ IP helps optimise ARM processor implementations. ARM signed 2 further POP IP licenses in Q1
· Growth in shipments of chips based on ARM processor technology
o 2.6 billion ARM-based chips shipped, up 35% year-on-year
o Strong year-on-year shipment growth across all segments; mobile chips up 25%, embedded up 50% year-on-year
o Continued penetration of Mali graphics processors with shipments up more than 5 times year-on-year

A bit drastic!

Deutsche Bank Sell 971.50 972.00 445.00 460.00 Retains

JP Morgan Cazenove Neutral 971.50 972.00 625.00 625.00 Retains

Citigroup Buy 971.50 972.00 1,070.00 1,120.00 Retains

Liberum Capital Sell 971.50 972.00 725.00 725.00 Retains

Morgan Stanley Equal weight 971.50 972.00 911.00 925.00 Reiterates

Stellar performer.

Prime Markets Sell 1,021.00 975.00 975.00 Reiterates

Societe Generale Sell 1,021.00 640.00 640.00 Reiterates

Espirito Santo Execution Noble Neutral 1,021.00 920.00 920.00 Retains

Berenberg Buy 1,021.00 1,150.00 1,350.00 Retains

Goldman Sachs Conviction Buy 1,021.00 - 1,400.00 Reiterates

Credit Suisse Outperform 1,021.00 1,130.00 1,130.00 Reiterates

Jefferies International Buy 1,021.00 1,300.00 1,300.00 Reiterates

Liberum Capital Sell 1,021.00 725.00 725.00 Retains

Half Yearly Report

Q2 Financial Highlights
· Group revenues in US$ up 24% year-on-year (£ revenues up 26% year-on-year)
· Order backlog up more than 10% sequentially
· Normalised profit before tax and earnings per share up 30% and 37% year-on-year respectively (IFRS PBT and EPS down 73% and 73% year-on-year respectively)
· £41.8m costs incurred in Q2, being ARM's contribution to a full and final settlement of certain patent related litigation, charged in the IFRS reported results
· Record net cash generation of £96m
· Interim dividend increased by 26%

Progress on key growth drivers in Q2
· Growth in adoption of ARM® technology
o 25 processor licenses signed for a wide range of applications from smartphones and mobile computers, to storage and embedded microcontrollers
o Advanced technology enables a higher royalty percentage per chip
o 5 Cortex™-A processor licenses signed, including another Partner licensing v8 processors that support ARM's big.LITTLE technology
o 7 Mali graphics processor licenses signed
o POP™ IP helps optimise ARM processor implementations. ARM signed 5 further POP IP licenses in Q2
· Growth in shipments of chips based on ARM processor technology
o 2.4 billion ARM-based chips shipped, up 20% year-on-year
o Continued penetration of processors containing both Cortex-A and Mali graphics processors

Outlook
ARM enters the second half of 2013 with a record order backlog and a robust opportunity pipeline. Relevant data for the second quarter, being the shipment period for ARM's Q3 royalties, points to a small sequential increase in industry revenues. Building on our strong performance in the first half, we expect overall Group dollar revenues for full year 2013 to be at least in line with market expectations.

Morgan Stanley Equal weight 886.50 925.00 925.00 Reiterates

Numis Reduce 886.50 700.00 750.00 Reiterates

Investec Buy 886.50 1,000.00 - Retains

Yeah I would be inclined to sell and switch to IQE which I think is at similar stage ARM was few yrs ago, could be a multi-bagger from here looking at the TU yesterday

Boom, Samsung has decided to switch from IMG's GPU and has picked ARM for its latest graphics applications...

Societe Generale Sell 830.25 888.50 640.00 640.00 Reiterates

Shares of ARM Holdings PLC (ARMHY) rallied 4.7% after Deutsche Bank said the chip maker will benefit from the launch of Apple Inc.'s (AAPL) iPhone 5S.

Barclays note:
"We have known ARM has been working with its licensees on 64-bit chips, but we were expecting initial commercial silicon later this year and in a standard implementation. Apple is an ARM architecture licensee and has been developing its own application processor around ARM’s instruction set, but it is Apple’s custom design rather than a standard design from ARM. It is rare for an architecture licensee to come to market ahead of the standard implementation, but that seems to be the case with the Apple A7 chip. The sooner than expected launch of ARM 64-bit chips, and with the expected performance gains demonstrated by Apple, is a positive for ARM in its battle vs. Intel. Yesterday’s announcement by Apple is well timed given Intel are simultaneously holding their Intel Developer Forum in San Francisco.

We reiterate our Overweight rating on ARM and see upside to our price target of GBp1125. ARM shares trade on 35x/27x 2014/15E P/E, a premium multiple justified by the 30% EPS CAGR ARM has been generating through past cycles and the comparable growth we forecast for the next few years. The shift to 64-bit cores supports positive estimate momentum, as the royalty rate for ARM v8 64-bit starts at 2.00%, vs. 1.50-1.75% for the current generation of smartphone processors (Cortex A8/A9)."

A follow through for ARM today after Apple were up 5% on news below??.


Apple spiked higher after the tech giant announced that sales for its new iPhone had set a record, with consumers snapping up a record 9 million smartphones within the first few days of its launch. In addition, the company said there were more than 200 million downloads of its new iOS 7 platform.

http://www.cnbc.com/id/101031118

A follow through for ARM today after Apple were up 5% on news below??.


Apple spiked higher after the tech giant announced that sales for its new iPhone had set a record, with consumers snapping up a record 9 million smartphones within the first few days of its launch. In addition, the company said there were more than 200 million downloads of its new iOS 7 platform.

hxxp://www.cnbc.com/id/101031118


Apple were also up in afterhours trade.

Should be a knock on effect for ARM.

Investment in Cambridge Innovation Capital

IP Group completes £5m investment in Cambridge Innovation Capital; signs MoU to facilitate access to co-investment opportunities

IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), the developer of intellectual property based businesses, is delighted to announce that it has completed a strategic investment of £5m in Cambridge Innovation Capital plc ("Cambridge Innovation Capital" or "CIC"), alongside the University of Cambridge Endowment Fund, ARM Holdings plc ("ARM"), Invesco Perpetual and Lansdowne Partners.

3rd Quarter Results

Q3 Financial Highlights
· Group revenues in US$ up 26% year-on-year (£ revenues up 27% year-on-year)
· PD Licensing revenue in US$ up 52% year-on-year. Order backlog up 3% sequentially
· PD Royalty revenue in US$ up 14% year-on-year (relevant industry revenues down 2% year-on-year[1])
· Normalised operating expenses of £85.6m (including a £5.5m charge relating to the foreign exchange revaluation of monetary items)
· Normalised profit before tax and earnings per share up 36% and 38% year-on-year respectively (IFRS PBT and EPS up 24% and 16% year-on-year)
· Net cash generation of £111.6 million

Progress on key growth drivers in Q3
· Growth in adoption of ARM® technology
o 48 processor licenses signed, driven by new technology, new markets and new customers
o Advanced technology enables a higher royalty percentage per chip
o 15 Cortex®-A processor licenses signed, including 3 Cortex-A50 series processors
o 5 Mali™ graphics processor licenses signed
o POP™ IP helps optimise ARM processor implementations. 4 POP IP licenses signed in Q3
· Growth in shipments of chips based on ARM processor technology
o 2.5 billion ARM-based chips shipped
o Continued penetration of processors containing both Cortex-A and Mali graphics processors

Investec Buy 980.50 1,100.00 1,100.00 Retains

Numis Reduce 980.50 800.00 800.00 Reiterates

Finncap Hold 980.50 - - Reiterates

JP Morgan Cazenove Neutral 980.50 625.00 625.00 Retain

Barclays Capital Overweight 0.00 1,125.00 1,125.00 Reiterates

Deutsche Bank Buy 0.00 1,080.00 1,130.00 Reiterates

Jefferies International Buy 0.00 1,300.00 1,300.00 Reiterates

Liberum Capital Sell 0.00 725.00 725.00 Retains

JP Morgan Cazenove Neutral 965.50 1,004.00 625.00 750.00 Retains

Appointment of New Chairman

Cambridge, UK, 27 January 2014 - ARM Holdings plc ("ARM") announces that Sir John Buchanan is stepping down as Chairman, at his request, due to a medical condition. The Board has conducted a thorough search and is pleased to announce that Stuart Chambers will join the Board today as Chairman designate and will succeed Sir John Buchanan as Chairman on 1 March 2014.

Final Results

Q4 Financial Highlights
· Group revenues in US$ up 15% year-on-year (£ revenues up 15% year-on-year)
· Processor licensing revenue in US$ up 26% year-on-year
· Processor royalty revenue in US$ up 7% year-on-year (relevant industry revenues up 2-3% year-on-year1)
· Normalised operating expenses of £88.1 million. IFRS operating expenses of £170.3 million include a non-cash exceptional charge of £59.5 million related to the impairment of an asset (see page 5 for details)
· Normalised profit before tax and earnings per share up 19% and 30% year-on-year respectively
· IFRS PBT down 79% year-on-year as a result of the exceptional charge; IFRS loss per share of 0.4 pence in Q4 2013 compared to earnings per share of 3.0 pence in Q4 2012
· Full year 2013 dividend increased by 27% to 5.7p

Progress on key growth drivers in Q4
· Growth in adoption of ARM® processor technology
o 26 processor licences signed for a broad range of applications from smartphones and mobile computers to medical devices, wearables and the Internet of Things
o Momentum continues in computing, servers and networking applications with the signing of an ARMv8 architecture licence and two ARMv8 processor licences
· Growth in shipments of chips based on ARM processor technology
o 2.9 billion chips shipped, up 16% year-on-year with faster growth in low-cost chips in entry-level mobile devices, microcontrollers and smart sensors

with the markets in freefall-funk it'll be interesting to see how sp reacts

Ex divi wed 16th Apr (3.6p)

UPDATE 1-Chip designer ARM sees smartphone recovery in second half

* Q1 pretax profit up 9 pct, broadly in line * Sees smartphone demand improving in second half * Shares down 3 pct (Adds CFO comments, analyst reaction, shares) By Paul Sandle LONDON, April 23 (Reuters) - ARM Holdings ARM.L , whose chip technology powers Apple's AAPL.O iPhone, said demand for smartphones would pick up in the second half after a disappointing end to 2013 resulted in first-quarter profit rising less than in previous years. Sales of top-end smartphones, a market dominated by Apple and Samsung 005930.KS , were lower than predicted during the Christmas holiday season, leading to worries that the market was becoming saturated. But ARM's Chief Financial Officer Tim Score said there were signs that demand was picking up for smartphones from the low-end to the top, where Samsung has just launched its Galaxy S5 flagship and Apple is expected to unveil a new iPhone later this year. The British company posted a 9 percent rise in pretax profit to 97.1 million pounds ($163.36 million), broadly in line with market forecasts, on revenue collected in dollars of $305.2 million, up 16 percent. In comparison, a year ago adjusted pretax profit jumped 44 percent. Royalty payments, which ARM receives a quarter in arrears on every chip that contains its technology, rose by an underlying 8 percent year on year, about a quarter of the growth it was seeing at the same time last year. Cambridge-based ARM said royalties were affected by an inventory correction as manufacturers used up components they had stockpiled because of weaker customer demand, particularly in mobile and consumer electronics. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) 2330.TW , the world's largest contract chip producer which drives more than half of ARM's processor royalties, according to Deutsche Bank analysts, said last week it was targeting record revenue in the second quarter. ID:nL3N0N91AS "There has been an inventory correction in smartphones, that looks to be unwinding," Score told reporters on Wednesday. "We saw TSMC showing very strong guidance for their second quarter, which will inform our Q3 royalties." In the longer term, growth in companies licensing ARM's technology for uses ranging from networking equipment to microcontrollers in appliances like dishwashers would also drive royalty growth, he said. Processor licensing revenue rose 38 percent in the quarter to $111.6 million. Shares in ARM were trading down 3 percent at 951 pence at 0907 GMT, around the same level they were at in September. Analyst Julian Yates at Investec, who has a "buy" rating on ARM's shares, said the indications were for second-quarter royalties to be broadly flat on the first quarter, but he was forecasting a 28 percent rise in the second half. "We expect sentiment to improve as the market gains confidence around ARM delivering this pick-up, based on improving trends from the semi-conductor industry which we have already started to see," he said.

Haven't played these for a while - long this morning @839.7p

Finncap Buy 879.50 833.50 1,000.00 1,000.00 Upgrades

Jefferies International Buy 879.50 833.50 1,140.00 1,140.00 Reiterates

Closed +15.

Half Yearly Report

Q2 financial summary
· Group revenues in US$ up 17% year-on-year (£ revenues up 9% year-on-year)
· Processor licensing revenue in US$ up 42% year-on-year
· Processor royalty revenue in US$ up 2% year-on-year
· Normalised profit before tax and earnings per share up 9% and 11% year-on-year respectively
· Net cash generation of £86.7m
· Interim dividend increased by 20%

Progress on key growth drivers in Q2
· Growth in adoption of ARM® technology
o 41 processor licences signed across our target markets of mobile computing, consumer electronics and embedded intelligent devices, taking the cumulative number of licences signed to more than 1,100
· Advanced technology enables a higher royalty percentage per chip in mobile devices, consumer electronics and enterprise infrastructure
o 7 ARMv8-A processor licences signed, including lead licences for next generation designs
o 8 Mali multimedia processor licences signed, including first licences for video and display processors
· Growth in shipments of chips based on ARM processor technology
o 2.7 billion ARM-based chips shipped, up 11% year-on-year
o Shipment growth especially strong in enterprise networking and microcontrollers



Outlook
ARM enters the second half of the year with a healthy pipeline of opportunities that is expected to both underpin continued strong licence revenue and give rise to an increase in the level of backlog. Market data indicates improving semiconductor industry conditions, leading to the expectation of an acceleration in royalty revenue growth in H2 2014. Given these dynamics, we expect Group dollar revenues for full year 2014 to be in line with market expectations.

Investec note today:
"Headline PBT was in line and the outlook intact, but the mix shift between royalties and licences continues. Royalties were up just 2% due to inventory destocking (especially 3G phones in Asia), but licences grew 42%. We expect to lower our H214E royalty forecast, but expect this to be offset by upgrades to H214E licences. Royalty weakness is not ideal, but it should bounce back as the 4G cycle kicks in, with licence strength underpinning the mid-term outlook. We see current weakness as a Buying opportunity.
Q214 headlines. Group sales of $309.6m (INVe $304.8m, consensus $304.6m). PBT £94.2m (INVe £92m, cons £93.4m), EPS 5.4p (INVe 5.1p, cons 5.3p). PD royalties of $121.2m (INVe $131.2m, cons $129.4m) with 2% growth. 3G destocking in China slowed handset shipments. We expect to reduce our H214E pickup in royalties from c29% yoy growth to c15%. Once the 4G phone cycle takes hold, we expect a material increase in royalty growth, potentially impacting in Q414 for ARM. PD licencing revenues were very strong with 42% growth to $125.8m (INVe $109m, cons $109.8m) which offsets the royalty miss. Backlog pull-down was c60%, as normal, but was down 10% sequentially as some very large partner orders will only hit Q3, when management expect the backlog to move back up.
Investment view. The stock has been weak, but with i) no structural issues here (we see cyclical issues causing the royalty weakness), ii) royalty growth likely to pick up, plus iii) licence strength suggesting strong medium term royalties, we see current weakness as a buying opportunity. In cash adjusted forward PER terms, the stock is approaching its historic low of 25x. We retain our Buy, with our 1100p FY19E royalty-driven TP unchanged. Risks include macro-economic weakness and industry corrections."

July 22:

Credit Suisse: Outperform - TP: 1125p
Investec : Buy: - TP: 1100p
Finncap: Buy - TP: 1000p

Investec sees "buying opportunity" at ARM Holdings
22 July 2014 10:59

Recent weakness in the share price of ARM Holdings should be seen as a "buying opportunity", according to Investec after a better-than-expected second quarter from the chip designer.

The broker retained its 'buy' rating and 1,100p target price.

The tech group, which makes processors for smartphones and tablets, said pre-tax profit in the six months to June 30th rose 9% year-on-year to £94.2m, ahead of the £92m that Investec had pencilled in.

Revenues in dollar terms increased 17% to $309.6m, compared with Investec's $304.8m estimate, as a 42% jump in licensing offset no growth in royalties.

"We expect to lower our second-half royalty forecast, but expect this to be offset by upgrades to second-half licences," said Analyst Julian Yates.

"Royalty weakness is not ideal, but it should bounce back as the 4G cycle kicks in, with licence strength underpinning the mid-term outlook."

Yates said that the stock has been weak recently - down 24% so far this year and down 15% over the last three months as of Monday's close - but there are "no structural issues here".

ARM HOLDINGS BROKER VIEWS

Date Broker Recommendation Price Old target price New target price Notes
22 Jul Credit Suisse Outperform 877.00 1,125.00 1,125.00 Reiterates
22 Jul Investec Buy 877.00 1,100.00 1,100.00 Reiterates
22 Jul Finncap Buy 877.00 1,000.00 1,000.00 Reiterates

Good reasons to grab ARM Holdings
By Lee Wild | Tue, 22nd July 2014 - 12:04

Good reasons to grab ARM Holdings In a rollercoaster year, chip designer ARM Holdings (ARM) is currently on a dip. Its share price is down over a quarter so far in 2014 amid rising costs and dwindling growth in royalty revenue. But after a decent second-quarter, investors have chased the shares up 5% to 871p and there are good reasons why others should follow suit.
Revenue rose 17% in dollar terms during the three months ended June to almost $310 million (£181.59 million), and sterling sales climbed 9% to £187 million. Steady operating margin at 48.9% meant underlying pre-tax profit grew 9% to £94.2 million.

Licence revenue rocketed 42% during the quarter to almost $126 million, easily beating City forecasts. And a sequential drop in the order backlog is expected to reverse when big contracts come through during the third quarter.

Yet despite shipping 2.7 billion ARM processor-based chips - up 11% on last year - average royalty per chip fell from five cents to 4.6 cents. That's because sales of low-cost ARM-based microcontrollers and smartcards grew faster than more lucrative chips into smartphones and tablets. Electronics operators selling off older 3G handsets ahead of switching subsidies to 4G handsets also explains the meagre 2% increase in dollar processor royalties to $121.2 million.

However, the company still expects to outperform the overall semiconductor industry in the second half of 2014 "as more chips are sold to OEMs building more advanced devices, which typically utilise more ARM technology."

"The 41 processor licences signed in the second quarter were driven by demand for ARM technology in smart mobile devices, consumer electronics and embedded computing chips for the Internet of Things, and include further licences for ARMv8-A and Mali processor technology," says chief executive Simon Segars.

Analysts at Investec Securities expect to halve forecasts for second-half growth in royalty revenue to a more modest 15%, although there could be a surprise toward the end of the year "once the 4G phone cycle takes hold."

Strip out over £1 billion of net cash, worth 76p per share, and ARM shares trade on less than 28 times Investec's earnings per share forecasts for 2015 of 28.7p. That drops to less than 23 times for the year after, below the historic average. Persistent takeover rumours spice up the investment case.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

3rd Quarter Results

Progress on key growth drivers in Q3
· Growth in adoption of ARM® technology
o 43 processor licences signed across our target markets of mobile computing, enterprise infrastructure, and embedded intelligent devices
· Advanced technology enables a higher royalty percentage per chip in mobile devices, consumer electronics and enterprise infrastructure markets. In Q3, ARM maintained its licensing momentum for future royalty growth:
o 7 ARMv8-A processor licences signed, including three more licences for next generation designs
o 4 Mali™ multimedia processor licences signed, including another display processor license
o 5 POP IP licences signed including 4 for Cortex-A53 processors
· Growth in shipments of chips based on ARM processor technology
o 3 billion ARM-based chips shipped, up 19% year-on-year
o Strong growth in shipments of microcontrollers and enterprise infrastructure chips



Outlook
ARM enters the final quarter of 2014 with a robust opportunity pipeline that points to both strong licence revenues in Q4 and a sequential increase in order backlog. With market data underpinning the short-term outlook for royalty revenues, we expect group dollar revenues for the fourth quarter to be in-line with market expectations of about $350 million.

ARM ..ARM Holdings, broken out of downward trend channel. Really need to give it a further 24 hours for confirmation.

ARM Holdings broker views

Date Broker Recommendation Price Old target price New target price Notes
05 Dec Berenberg Buy 946.50 1,350.00 1,350.00 Reiterates
04 Dec Credit Suisse Outperform 946.50 1,000.00 1,000.00 Reiterates
03 Dec RBC Capital Markets Outperform 946.50 1,030.00 1,030.00 Retains
24 Nov Exane BNP Paribas Outperform 946.50 - 1,100.00 Reiterates
20 Nov Citigroup Neutral 946.50 850.00 850.00 Reiterates

From The Guardian Today......

Elsewhere chip designer Arm has added 27p to 957p after positive comments from Barclays analysts. In a note on rival Imagination Technologies, down 1p at 229p, Barclays said:

We think Imagination’s valuation is now intrinsically overly expensive (36 times/24times 2015/2016 PE for 30% compound annual growth rate, but also relative to peer Arm, whose growth drivers are more certain and which trades at only 28 times/22 times 2015/2016 PE for high 20s% compound annual growth rate. We therefore reiterate our underweight rating on Imagination and reiterate our overweight on Arm.

Meanwhile Andrew Dunn at RBC Capital Markets issued an upbeat note after talking to the company about China:

We hosted an investor call with Arm on the China smartphone market which highlighted the importance of this region (now the single largest smartphone market), the ability of the local ecosystem to deliver latest generation Arm technology at attractive price points, the transition to LTE (driving more advanced Arm intellectual property) and the rising uptake of higher royalty rate Arm v8 IP in smartphones.

We believe the application of advanced Arm IP into the high unit growth mid and entry level smartphone segments will both create a virtuous upgrade cycle and also raise Arm’s average smartphone royalty rate from around 1.5% to 3-4% by 2018.

Rising adoption of Arm’s more advanced IP (including v8) serves to raise royalty rates. An upgrade from a feature phone to a low end smartphone equals a 4 times royalty increase while ongoing innovation and the trickle-down over time of advanced technology from high end to mid and entry level segments should help offset standard industry chip average selling price declines and keep [prices] flat within each segment. In addition, Arm’s Mali graphics IP has a particularly high penetration rate in China due we believe to its broad offering (from high to low end) and compatibility with Arm’s processor IP. This allows Arm to benefit from an additional 1% royalty rate. With 10% CAGR unit smartphone growth over the next 5 years but growth weighted to the lower end, we expect rising royalty rates combined with flat ASPs to enable Arm to grow smartphone royalty revenues at a healthy 20%.

FOURTH QUARTER AND FULL YEAR RESULTS 2014

Q4 2014 Financial Highlights
· Group revenues in US$ up 18% year-on-year (£ revenues up 19% year-on-year)
· Processor licensing revenue in US$ up 30% year-on-year
· Order backlog up about 5% sequentially
· Processor royalty revenue in US$ up 16% year-on-year (relevant industry revenues up 5% year-on-year1)
· Normalised PBT and EPS up 25% and 36% year-on-year respectively
· Record net cash generation of £122m
· Directors recommend final dividend increase of 25% to 4.5p giving full year 2014 dividend of 7.02p, up 23%

Progress on key growth drivers in Q4 2014
· Growth in adoption of ARM® processor technology
o 53 processor licences signed for a broad range of applications including smartphones and mobile computers, enterprise infrastructure and high performance computing, and microcontrollers and chips for sensor hubs
· Advanced technology enables a higher royalty percentage per chip in mobile devices, consumer electronics and enterprise infrastructure markets. In Q4, ARM maintained its licensing momentum for future royalty growth:
o 9 ARMv8-A processor licences signed, including an architecture licence for high performance computing
o 10 Mali™ multimedia processor licences signed, including one subscription license for the family of Mali graphics processors
o 5 POP IP licences signed, including three for Cortex-A53 processors on 28nm processes
· Growth in shipments of chips based on ARM processor technology
o 3.5 billion ARM-based chips shipped, up 20% year-on-year
o Strong growth in shipments of microcontrollers and chips for mobile devices

Outlook
2014 finished strongly, with a record number of licences being signed in Q4 which generated a particularly high revenue contribution in the quarter.

We expect licence revenue growth in full-year 2015 to be consistent with our medium-term guidance. Following the acceleration in royalty revenue growth in the second half of 2014, and with a wide range of OEMs introducing products based on the ARMv8-A architecture this year, the outlook for royalty revenues in 2015 is encouraging. With full year 2015 licence and royalty revenues both anticipated to be consistent with market expectations, we expect total Group dollar revenues to be in line. We anticipate that total Group dollar revenues for Q1 will be up about 10% year on year, based on strengthening royalty revenue growth, and our expectation of the profile of licence revenue through the year.

Simon Segars, Chief Executive Officer, said:
"In Q4 and throughout 2014 ARM has seen strong licence revenue growth, driven by market-leading semiconductor companies increasing their commitment to use ARM technology, and a broadening range of new customers choosing ARM technology for the first time. As expected, ARM's royalty revenue growth rate increased in the fourth quarter. As the ARM Partnership continues to gain share, and as chips based on ARMv8-A processors and Mali graphics IP start shipping in higher volumes, the outlook for royalty revenues in 2015 and beyond is encouraging.

"2015 will bring exciting opportunities and challenges as ARM invests in new products and technologies, and continues to establish itself in competitive new markets."

Take your pick :-

Kepler Cheuvreux Buy 1,075.00 - 1,200.00 Reiterates

Liberum Capital Sell 1,075.00 700.00 700.00 Reiterates

Beaufort Securities Buy 1,075.00 - - Retains

Citigroup Buy 1,075.00 1,200.00 1,200.00 Reiterates

Goldman Sachs Conviction Buy 1,075.00 1,500.00 1,500.00 Reiterates

JP Morgan Cazenove Neutral 1,075.00 750.00 900.00 Reiterates

Deutsche Bank Hold 1,075.00 900.00 1,080.00 Retains

1st Quarter Results

Q1 2015 Financial Summary
· Group revenues in US$ up 14% year-on-year (GBP revenues up 22%)
· Processor royalty revenue in US$ up 31% year-on-year (Underlying1 revenue up 26% year-on-year)
· Processor licensing revenue in US$ down 2% year-on-year
· Normalised PBT and EPS up 24% and 27% year-on-year respectively

Progress on key growth drivers in Q1 2015
· Growth in adoption of ARM® processor technology
o 30 processor licences signed for a broad range of applications from sensors to smartphones to servers
· Maintained momentum in licensing of advanced technology, underpinning future royalty revenue growth:
o 4 ARMv8-A processor licences signed, and an additional architecture licence for smart mobile devices
o 4 Mali™ multimedia processor licences signed, including another licence for Mali video technology
o 2 POP IP licences signed, including one for a Cortex-A53 processor implementation on a 28nm process
· Growth in shipments of chips based on ARM technology
o 3.8 billion ARM-based chips shipped up 31% year-on-year
o Strong year-on-year growth in shipments of microcontrollers and chips for mobile devices
o First physical IP royalty revenues from a leading edge FinFET manufacturing process

Outlook
ARM has made an encouraging start to 2015 with more leading companies choosing to deploy ARM technology in their products. Assuming that the macroeconomic backdrop remains supportive of consumer spending, we expect group dollar revenues for the full-year 2015 to be at least in line with current market expectations.

Relevant industry data for Q1 2015, being the shipment period for ARM's Q2 royalties, points to a sequential decrease in industry-wide revenues, broadly consistent with normal seasonality. In this context we expect group dollar revenues for the second quarter to be in line with current market expectations.

Morgan Stanley note today:
"Past the iPhone 6 upgrade cycle, we like the long duration of the revenue and earnings growth, in a context of slow global growth. Not all new ARM initiatives will move the needle but every 1% of extra revenue growth adds 80p to the DCF. We upgrade to OW.

Concerns around a slowdown of the smartphone market have created a buying opportunity for ARM. The stock is hardly up year to date, at the bottom of its 5 year PE trading range. ARM should report high royalty revenues (expected to reach 36% in 2Q15, a 2 year CAGR of 20%). Indeed, from such a high base, the royalty growth can be expected to decline from here as the positive impact from the strong iPhone upgrade cycle and v8 upgrade cycle fades out. But in this note we argue that even though growth is more like 15% for royalties, and 10% for the overall top line, the duration of the growth is longer than the market believes (or even tries to model), making ARM a good example of a compounding stock in tech and outside of tech.

Pricing of smartphone chips is stabilizing. As we pointed out in the past, ASP assumptions were too high thanks to our statistical pricing model, we believe that the upgrade cycle for 4G smartphones is helping chip prices stabilize. Combined with higher v8 royalty rate, consensus forecasts are now within reach while they had been too bullish for a couple of years.

We are not particularly bullish on new ARM markets. In our view, autos, servers, networking, and IoT are not comparable to smartphone growth. But adding 1% of top-line growth to our current forecasts add 80p to share price, due to the high operating leverage and compounding effect. Should ARM execute on raising royalty rates with newer versions of v8 in the FY18-20, that would add 220p to the share price through the power of compounding (1400p bull case). Growth potential is also coming from China with government initiatives driving demand (see p. 9). Where could we be wrong: In our view, potential risks lie in Intel gaining share, decrease in consumer appetite for smartphones or that ARM fails to raise royalty rates further.

Our PT increases from 980p to 1180p as we move to OW: ARM’s investment case is shifting, from peaks and troughs driven by product cycles, to more consistent, steady growth for the next decade. Our PT increases as we introduce slightly less deflation on chips for mobile based on our statistical model and slightly lower WACC (now 9.3% similar to ASML vs 10% before)."

YUM!

gla

i've got a few of these in my sipp
it tends to be a bit lumpy, but it's an excellent company and not a bad pick (i think) as a core holding

yep - i was in arm when comfortably below a squid - has done very well and has / should have more growing revenues for years to come - my main interest today was the bounce though :-)
good one for sipp but do take care imo emerging techs coming all the time

one could say the same about google and apple and microsoft
of course, it's also not beyond the realms of possibility that someone will want to take out ARM at some point

ARM
ARM sees no slowdown in take – up of newer designs in smartphones

Cfo says continues to expect licensing revenues to grow 5-10 percent a year over medium term
Cfo sees no reason why take-up of armv8 technology in smartphones will slow

===========

seems to be some selling on the news so perhaps now a reasonable entry point for this first class company

below is the answer to the sell-off, though my entry point earlier at 894.5 is currently good

BUZZ-ARM: hits 6 month low as underlying Q4 results miss
10 Feb 2016 - 09:03

* ARM falls 5.6 pct despite reporting a top-line Q4 revenue beat, with brokers citing a one-off payment inflating the figure
* Q4 revenues up 14 pct to $407.9 mln [nASN0000CK]
* UBS and Liberum both point to a $9 mln royalty catch-up payment inflating Q4 revenues - both see as a 2 pct miss rather than 2/3 pct beat on expectations
* Move wrong foots traders with the majority of brokers calling the stock up in pre-market
* Stock trading at its lowest level since August 2015
* Fourth top faller on Stoxx 600 < .STOXX> in decent volume (55 pct 30-day average traded in first hour on Wednesday)
* Co says its expects FY $ revenues to be in line with analysts' expectations, but UBS and Liberum both see consensus estimates falling

Interesting that ARM are happy to diversify into the auto industry where they see huge growth potential, taking up any slack in the waning smart phone market. Terrific company, imo.

exactly so ...... i hold in my sipp albeit at a thumping loss at the moment, and per above, also have a trading position which is looking very tasty at the moment

StockMarketWire.com
ARM Holdings posts normalised pre-tax profits of GBP137.5m for the first quarter to the end of March - 14% up on last time.

Pre-tax profits under IFRS rose by 8% to GBP112.0m.

Group revenues in US dollars increased by 14% to $398.0m and in sterling were up 22% at GBP276.4m.

Normalised operating expenses were £132.9 million in Q1 2016 compared to £123.9 million in Q4 2015 and £100.0 million in Q1 2015. Approximately £27m of the year-on-year increase in normalised operating expenses was due to ongoing investments in R&D and supporting business infrastructure, which included a 20% year-on-year increase in the headcount of the Group and an annual pay-rise. The remaining £6m is due to the impact of weaker sterling.

The change to effective exchange rates increased normalised operating expenses by £4m as a result of the translation of non-sterling costs into sterling; and a further £2 million relates to the revaluation of monetary items. Since over 95% of ARM's revenues are dollar denominated, the impact on operating expenses from a weaker sterling is more than offset by the increase in sterling revenue.

Possibly a safe haven with much of it's revenue coming in $ and order book US and Asia facing.

Reuters - Japan's SoftBank Group Corp (9984.T) has agreed to buy British chip designer ARM Holdings (ARM.L) for 24.3 billion pounds ($32 billion), in a deal that will retain the company's management and grow its workforce.

Arm, Britain's preeminent technology company, said the two boards had reached agreement on the terms of the deal, with SoftBank paying 1,700 pence in cash for each ARM share, representing a premium of around 43 percent.

Shareholders will also receive a dividend.

SoftBank said it intended to preserve the ARM organisation, including its headquarters in Cambridge in central England, its existing senior management team, brand and partnership-based business model.

It also pledged to at least double ARM's employee headcount in the UK and increase its headcount outside of the country over the next five years.

my sipp is very happy :-)

Another British Company about to disappear.

I think the offer is subject to UK regulator approval, so not yet a done deal.
Softbank also own Sprint in the US, so possible conflict of interest?

Isn't it a great shame that those with money to invest only do so "Short-term" -or- speculatively as in Equities...?
Wouldn't it be nice to feel the Country backed good businesses . . . and that in time we ( our Pensions) would benefit from this progress?
-Not a bit of it _
We've sold off LSE ( Yikes!) and are about to sell ARM . . . despite previous models showing that foreign Buyers don't always keep their promises . . . . Cadbury

We should have a Minister for "Keeping what's Good" - and allow the Public ( Like Crowd-funding) to invest in these UK-enterprises. - shares appears to be the prime route, but over time that has been destroyed by Institutions that (Must-)have only their short-term interests at heart.

A new way of investing MUST remove the City and its greed, so there is a direct link between the Public and their money . . . . new ideas needed...

UK has sold too much and left nothing but the housing market. Next sector to be targeted.

Conversely foreign investment has kept some of our industries alive, which would have gone to the wall otherwise.......car.......aviation......nuclear power.......steel (open to debate).......all matters relating to sport and sport industry (also open to debate!)......I'm sure there are many others. And you could argue that UK incorporated has a good many fingers in pies overseas.......I think it's called globalisation....for better or worse!

Well, HARRYCAT, it's Yes - and - No from me. . . . We, that's "UK-Them" allowed our business to fail . . . motorcycles that were only for Real Men, as m/c's spent most of the time in bits.... whereas the Competition just worked - and offered Electric Start . . . which appealed to the non-Treehuggers ( and women?).
Cars - that were targeted by lazy workers and Unions that perpetuated practices that were hugely dragging the profitability. Add-in the Press having the idea that every New Model is an opportunity for jokey headlines ( -And this applied to All industries, bless 'em.).....not helped by those in charge having little understanding of Engineering (( Still the case in Parliament - where a basic O-level/GCSE should be the minimum in Maths, Biology, Physics and Mechanics, IMHO.)).
Nuclear was destroyed by the Lobbyists believing that Nuclear meant making Bombs - not helped by some "Told you so..." plant explosions in Japan, USA and Russia.
So now we are "forced" to buy Nuclear Plants from CHINA . . . and France . . . .Just as we buy Pedelino Trains from Italy ( Our invention that Gov. was unable to see was indeed the future to upgrade existing track in the short-term ).
Steel has suffered from World prices -

The problem for non-Nationalised business is the Shares are Openly traded for the benefit of the short-term . . . . not as a LT business that will continue to provide profits for many years to come - together with UK-employment.
e.g Look at the Solar-Power industry ( madness IMHO, until Conversion is ~3x present levels ) . . . yet we are being encouraged to buy . . . providing jobs for Foreign manufacturers ( of the wafers ) . . . .

Look to the areas in the UK where "old industries" have been lost - and tell me what ANY Government has done to provide employment on the scale to recover Regional economies. So-called investment schemes are too-soon withdrawn - as there is no strategic plan, based on a LT need.... for the products.

Did I hear we ( after BrExit ), are going to invest in xxxxx and yyyyy - Or was that a Re-run of well-worn Political posturing. . . ? ( Yes it was! ).