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?

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.