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ARM Arm Hldgs.

1,700.00
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Arm Hldgs. LSE:ARM London Ordinary Share GB0000595859 ORD 0.05P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1,700.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,700.00 GBX

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Date Time Title Posts
08/2/202414:54*** ARM Holdings - latest announcement ***961
14/9/202315:18ARM Investors-
11/2/201906:59ARM HOLDINGS (Rhodey free thread)2,142
18/7/201610:36Now ,ARM heading for sub 10p55
20/11/201523:13ARM HOLDINGS PLC _ ACTIVE INVESTORS CLUB-

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Posted at 19/4/2021 16:24 by rambutan2
Not so fast!

ANTICIPATED ACQUISITION BY NVIDIA CORPORATION OF ARM LIMITED

Invitation to comment on public interest: Closes on 14 May 2021

On 19 April 2021, the Secretary of State for Digital, Culture, Media and Sport issued a public interest intervention notice (PIIN) on the public interest ground of national security in accordance with sections 42(2) and 58(1) of the Enterprise Act 2002 (the Act) in relation to the anticipated acquisition by NVIDIA Corporation of Arm Limited. This means that the Secretary of State will make the final decision on whether this transaction operates, or may be expected to operate, against the public interest and should be referred to a phase 2 assessment, taking into account both competition and public interest (namely, national security) issues

The Competition and Markets Authority (CMA) is required to submit a report to the Secretary of State in accordance with section 44 of the Act by 30 July 2021.

The report will include the CMA's assessment of whether it is or may be the case that this transaction if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Act and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

It will also include a summary of any representations the CMA receives which relate to the public interest consideration specified in the PIIN , namely national security, which are or may be relevant to the Secretary of State's decision.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party on national security considerations with responses due by 14 May 2021. As shown on the CMA's case page, the CMA invited initial comments on the transaction in relation to competition considerations on 6 January 2021. Third parties will have further opportunity to provide views pertaining to the CMA's competition assessment at a later stage of the CMA's investigation.

These comments should be provided by the deadline set out above to:

Case officer name: Anastasija Rogozianskaja and Dima Talja

Tel no: 020 3738 6173

E-mail: anastasija.rogozianskaja@cma.gov.uk and dima.talja@cma.gov.uk

All updates on significant case developments will be available on the CMA case page.
Posted at 11/2/2019 06:59 by gengulphus
steveib2,

I bought thousands of these in the nineties are they worth anything and how do I find out my holding

If you bought thousands of ARM Holdings shares before 20 April 1999, they'll have undergone a 4-for-1 split on that date and then a 5-for-1 split on 19 April 2000, so each thousand shares you bought will have become 20,000 shares by the time of the takeover. The scheme of arrangement that put the takeover by SoftBank into effect on 5 September 2016 will have given SoftBank ownership of all of those shares, in exchange for SoftBank owing whoever owned the shares' owner just before it came into effect £17 per share, i.e. £340,000 for each thousand shares you originally bought. Assuming you were still their owner just before that (i.e. that you hadn't sold them, given them away or otherwise disposed of them in the meantime), and that you haven't already received that money and somehow forgotten it ;-), you're the person they owed that money to, you're still owed it and you're still able to enforce that debt (and will continue to be for some years to come, but not forever if you do nothing about it).

If you bought ARM Holdings shares on or after 20 April 1999 and your memory of it being in the nineties is correct (i.e. it was no later than 31 December 1999), the same applies apart from the shares not having undergone the 4-for-1 split. So the numbers per thousand shares you originally bought drop to 5,000 shares just before the SoftBank takeover and £85,000 afterwards, but otherwise everything above applies.

If you're instead talking about Acorn Computers shares, in principle you became entitled in June 1999 to 400 ARM Holdings shares per thousand shares you originally bought, as implied by eldermon's post above. That's long enough ago that I'm very uncertain about that entitlement still being legally enforceable (though even if it isn't, it might still be respected - so worth trying, at least if you can still work out who to approach about it). If you can collect that entitlement, the subsequent history of the ARM Holdings shares will be as above, apart from the numbers being 2/5ths the size, i.e. 2,000 shares just before the SoftBank takeover and £34,000 afterwards per thousand Acorn Computers shares originally bought.

As for who to approach about the matter, if you held the shares in a nominee broker account, it's the broker or whoever has taken them over since you lost contact with them and the account (I assume you must have done that, otherwise the broker would have collected the money and put it into the account pretty automatically, and you would almost certainly know about it). There's no point in approaching Acorn Computers, ARM Holdings, Softbank or anyone associated with any of them, because they will never have even heard of you - as far as they were concerned, your shares were registered as legally owned by your broker's nominee company.

If instead you held the shares in a CREST account or as certificates, your shares will have been registered as legally owned by you personally and you will want to approach the appropriate company. If it's a CREST account, also contact the broker who acts as your CREST 'sponsor'; if certificates, dig them out, because you will certainly want them at some stage!

With regard to how to contact ARM Holdings or Softbank, I think I would first see whether a "I am a former shareholder of ARM Holdings plc who has been out of contact about his shareholding for many years - are you able to tell me who to contact, please?" enquiry to the contact details on www.arm.com produces results. Failing that, the list of contacts in might be helpful, though do bear in mind the fact that much of it is likely to be out of date!

Gengulphus
Posted at 19/9/2016 10:32 by sbs
Similar here. Bought Acorn at 18p/share. Now I need to work out the equivalent ARM price for CGT.

Britain's biggest export: technology companies!
Posted at 18/7/2016 12:39 by philanderer
City Index:

Chip designer ARM Holdings has agreed to be bought by Japan’s SoftBank for about $32bn.

The offer in sterling equates to £17, in cash, per share—a premium of 43% to ARM’s closing price on Friday.

The news sent the stock as much as 47.3% higher on Monday, signalling that most investors see a good chance that the deal will take place.

Reports this morning have been incrementally removing the most obvious remaining potential impediments, such as public interest grounds.

We do not think it likely that the offer will invoke more than routine scrutiny from the Competition and Markets Authority (CMA).

The latest ‘public interest’ guidance to Parliament backed by the CMA (January 2015) defines strategic, competition, and security concerns clearly.

There is little public evidence that ARM can be deemed to be a ‘sensitive’ company in any of the above ways.

We note Prime Minister Theresa May and Chancellor of the Exchequer Philip Hammond were briefed about the offer over the weekend.

That leaves the main risk to the deal a potential counterbid, by a more integrated chip sector player such as Intel and Samsung.

Both firms are in more favourable positions in their cash flow cycles than acquisitive Softbank. It is the most leveraged with c. $88bn net debt after purchasing loss-making Sprint for $22.2bn in 2013.

Intel might be motivated to make a counter offer by its notable failure to penetrate deeply into the mobile components space.

Samsung might spy an opportunity to synergise and expand its own chip manufacturing business.

Both would, like SoftBank, be mindful of how rare the current steep discount on British companies will turn out to be, following the pound’s fall to 30-year lows.

However Samsung, Intel and even slightly lesser rivals like Qualcomm, would also face tougher global competition scrutiny than SoftBank.

The almost 54 times operating profit value of SoftBank’s offer would already be a big ask for Intel and Samsung shareholder

As for traders who were not holders of ARM shares before Friday’s close, the risk-reward balance now depends mostly on the probability that Softbank’s bid might fail.

We do not see much chance of that right now, though the huge gap between Friday’s closing price and Monday’s lows might tempt.

Certain details of the takeover situation still bear some confirmation and that may make the 60 pence range between ARM’s highs and lows so far on Monday attractive to shorter term traders.
Posted at 18/7/2016 12:31 by philanderer
More brokers...

Analysts felt the deal is likely to go through given there is no existing conflict of interest for SoftBank in ARM's markets, with Berenberg saying a counterbid is "unlikely".

JP Morgan Cazenove refused to rule this out, however: "We believe this was an unsolicited bid for the company so we do not think the company has not been 'shopped' to other potential bidders meaning that if an independent bidder such as Softbank with a higher bid showed interest, the board could change its opinion. On the other hand we do not believe tech industry companies such as Intel, Apple are likely bidders because their bids create conflicts of interest as competitors (regulatory issues) and customers (to the business model)."

Kepler Cheuvreux recommended ARM Holdings shareholders accept the "generous" offer: "Even though a share price of 1,700p might have become reachable on a stand-alone basis, it likely would have taken ARM Holdings shares several years and required a lot of patience from investors."
Posted at 02/6/2016 11:44 by gengulphus
Yes - but they don't tell us how important each market is to their revenues and earnings.

For example, slide 16 of the Q1 2016 roadshow slides tells us that in the 'Mobile Application Processors' market in 2015, ARM had an 85% market share and the Total Available Market was $18b. Does that mean that ARM had 85% * $18b = $15.3b revenues from that market? No way - the 2015 accounts in tell us that their total revenues were only about 1/10th of that amount!

And the reason for that is simple: it's their semiconductor partners who actually make and sell the processors who (between them) have that $15.3b of revenues from selling ARM mobile application processors. They pay some proportion of that to ARM in the form of license fees and royalties - but what proportion? We know it has to be quite a small proportion: note 2 in the accounts indicates that ARM's total revenues from license fees and royalties for 2015 were £787.7m, or very roughly $1.2b, so it's got to be less than 8% of the total $15.3b. But that £787.7b is for all types of processor, not just mobile application processors, so it must be substantially less than 8% - and again the question "How much less?" becomes important...

And even if one could find the more specific revenue figure for mobile application processors, that still doesn't tell us what proportion of that revenue is from iPhone application processors rather than those for other mobiles...

So basically, I haven't found enough data in what ARM has said to allow me to produce more than a very rough idea of how important iPhone sales are to ARM. That rough idea is "high single-digit percentage of revenues, i.e. 5-10% of them" - important but not critical to ARM's continued success. Not anything I would guarantee, though - just where various figures based on guesses and estimates I've tried have tended to cluster.

By the way, I'm not in the least surprised that I cannot find enough data to pin down figures as specific as the percentage of revenues due to iPhone sales. That's because companies tend to regard figures that specific about their business operations as commercial secrets.

Gengulphus
Posted at 02/6/2016 07:28 by gengulphus
ARM needs a new story. In the past few years it developed a tag as the 'designer of chips for the iPhone' which is no longer applicable as iPhone sales have peaked.

I don't think that's a story that ARM have developed - rather, it's a story that those watching ARM have developed. Especially financial journalists, for whom the easy way to describe a company like ARM is to talk about the product using their processors that is most in the public eye, and the sort of investor that watches financial journalism rather than digging into the company's finances for itself.

If one does the latter, for e.g. the 2015 annual report, it is clear that processors for iPhones cannot make up all that big a percentage of ARM's revenues. If one looks at , the annual sales of iPhones appear to currently be in the region of 200-250 million. A big number, but ARM's royalties were earned on 14.8 billion processors shipped in 2015 - so processors for iPhones made up only something in the region of 1.5% of the total.

I would of course expect the royalty on an iPhone processor to be higher than average, so the percentage of royalty income (rather than of the number of processors shipped) due to iPhones will almost certainly be higher than that 1.5%. But based on various other figures in the annual report and background knowledge of other smartphones, etc, I would find it hard to believe that the percentage of ARM's revenues that are due to iPhones is into double digits.

As for what ARM's story is, as opposed to the most focused-on story of ARM-observers, what I've seen in at least the last few years of ARM's annual reports is that their story is much more broadly-based than on just mobile phones, let alone just iPhones. If they need a new story, it's because that story isn't sinking in with the financial journalists and some investors - not because a story they haven't put forward (*) is running out of steam.

(*) Or if they have put it forward, they've made a very poor job of it - a PDF search says that there is not a single mention of iPhones in their 2015 annual report!

Gengulphus
Posted at 19/5/2016 17:53 by thomasthetank1
Read Beaufort Securities's note on ARM HOLDINGS PLC (ARM), out this morning, by visiting hxxps://www.research-tree.com/company/GB0000595859

"The acquisition of Apical is a positive development for ARM Holdings. Apical is one of the fastest growing technology companies in the UK, with its advanced imaging products used in more than 1.5 billion smartphones and around 300 million other consumer devices including IP cameras, digital stills cameras and tablets. The acquisition is expected to boost ARM Holdings' entry into new markets such as connected vehicles, robotics, smart cities, security systems, industrial applications and Internet of Things devices. ARM Holdings reported robust results for Q1 2016, with improved revenues and margins. The company's licensing pipeline for the remaining year looks strong, with leading companies vying to license the ARM technology for their next-generation products. We expect the ARMv8-A technology to continue penetrating the mobile and enterprise markets, and the high royalty rate earned on these products is expected to underpin future royalty revenues. Thus, considering the strong demand for the company's next-generation products, we expect it to explore new opportunities and create new revenue streams..."
Posted at 18/5/2016 19:07 by the grumpy old men
ARM's $350 Million Deal Builds Future Beyond Smartphones
18/05/2016 3:10pm
Dow Jones News

ARM Holdings (LSE:ARM)
Intraday Stock Chart

Today : Wednesday 18 May 2016
Click Here for more ARM Holdings Charts.

LONDON—ARM Holdings PLC, the England-based tech firm that designs most of the world's smartphone chips, said Wednesday that it completed a $350 million acquisition of a computer-vision company, in a bet that it can further ARM's goal of getting its technology into new markets such as automobiles, robots and everyday household items.

ARM acquired Apical Ltd., a U.K.-based company that develops camera technology that lets electronic devices learn from their environments. For example, its technology can help a security camera distinguish between a human and cat.

Founded in 2002, Apical employs 100 people. The deal closed on Tuesday.

ARM doesn't manufacture chips itself but designs the blueprint of the microprocessors found in more than 95% of the world's smartphones. The company charges smartphone makers such as Apple Inc. and Samsung Electronics Co. an upfront licensing fee and royalties on the volume of smartphones shipped.

As the growth in global smartphone shipments slows—ARM expects an annual increase of 6% to 7% for the next five years—the company has diversified. It designs the No. 1 smartphone graphics chip and has steadily increased its share in the networking market, designing chips for base stations and Wi-Fi routers, for example. ARM is also in the early stages of designing chips for giant computer servers, in a challenge to industry leader Intel Corp.

ARM sees one of its biggest opportunities in what the tech industry refers to as the " Internet of Things," which involves connecting to the Internet everyday items such as automobiles and even household items such as lightbulbs.

All these objects will require chips, some of them very tiny, that can process information and send the data online. ARM wants to design the blueprint of these chips and, just as it does with its smartphone business, charge an upfront licensing fee and earn royalties every time someone purchases an item with an ARM-designed chip.

That is how Apical can help, said Mike Muller, ARM's chief technology officer. Apical has a similar business model to ARM: It doesn't manufacture anything itself but designs the blueprint for hardware that helps devices with displays or cameras be more efficient. Now ARM can use Apical's expertise to help it design better microprocessors and chips, and ARM can now also sell Apical's current designs alongside ARM's offerings.

"The acquisition makes sense strategically," said Jefferies analyst Robert Lamb. He said in the short term, ARM's smartphone business can benefit from Apical, which designs a tiny piece of hardware that helps displays adapt to changes in ambient light in an energy-efficient way. And in the long term, Apical's computer-vision technology can help ARM get its technology into Internet of Things devices with displays or cameras.

Imagine a home-security camera connected to the Internet, Mr. Muller said. It can automatically transmit live video to the homeowner whenever it detects motion, but that would take up a lot of power and bandwidth. Mr. Muller said with both Apical's software and hardware, which is a tiny block of silicon inserted into an ARM-designed microprocessor, the camera can learn to ignore pets and transmit video only when it detects a human.

Based in Cambridge, England, ARM is regarded as one of the U.K.'s top tech firms. Employing about 4,000 workers world-wide, it reported revenue of $1.5 billion for 2015, up 15% from 2014.

Write to Stu Woo at Stu.Woo@wsj.com



(END) Dow Jones Newswires

May 18, 2016 10:55 ET (14:55 GMT)
Posted at 15/4/2016 11:23 by philanderer
Arm shares slip ahead of update

'Analysts say no new catalysts for share price expected'


After reaching a peak for the year last week, shares in Arm have been sliding back ahead of its first quarter results next Wednesday.

The chip designer is down 22.5p or 2% at 985.5p in early trading on Friday, amid a slowdown in the smartphone market. Analysts said there was little expectation that the company would unveil anything at its results which would boost sentiment. Broker Stifel issued a hold recommendation, with analyst Lee Simpson saying:

We continue to see Arm as a high quality tech story, but with little risk of new fundamental upside catalysts for the second and third quarter of 2016. Sales growth is still evident (up 18%/10% in 2016/2017), and we see scope for outperformance on..consensus, although mainly on dollar strength (the dollar strengthened 6%-7% versus the pound since last quarter).

The slowing growth in smartphones is well known now and is mitigated by a strong product cycle (64 bit CPUs). Networking markets share is expanding, but costs are rising (especially for servers, Internet of Things). Given our only small rise in estimates (mainly in line with foreign exchange), we maintain our hold rating.

Simpson added:

We think investors are only marginally less concerned with the smartphone unit growth slowdown in 2016 (Stifel estimate only around 4% unit growth this year to 1.49bn), but we don’t think future Arm value is in question.

Post MWC [last month’s Mobile World Congress in Barcelona], we think Arm has little new to say for the near term other than comfort with consensus and a need to keep ticking up operating expenditure levels for longer-term investment and hiring.

That said, we still think a lot of work is on-going for the mid-to long-term promise and still believe the business sits well relative to this (Networking, Internet of Things, Machine Intelligence, etc.).
ARM Holdings share price data is direct from the London Stock Exchange

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