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?

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."