Piper starts coverage on ARM Holdings (ARMH +0.7%) with an Overweight and $33 PT. The firm...

|About: ARM Holdings, plc (ARMH)|By:, SA News Editor

Piper starts coverage on ARM Holdings (ARMH +0.7%) with an Overweight and $33 PT. The firm expects smartphone demand to drive royalty growth, and also sees ARM gaining share against MIPS in the digital TV market, and increasing its presence in the microcontroller market. Moreover, Piper says it hears concerns that Intel's smartphone chips are too expensive relative to ARM-based solutions.