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?

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.