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ARM Holdings, plc (ARMH)

  • Jan. 30, 2013, 10:13 AM
    Freescale (FSL +17.4%) roars higher after easily beating Q4 estimates and providing Q1 guidance well above consensus. Sales of microcontrollers (strong uptake for ARM-based designs) and base station power amplifiers (lifted by China's 3G buildout) were healthy, offsetting weakness in network processor, analog/sensor, and automotive IC sales. The results appear a validation of new CEO Gregg Lowe's efforts to narrow Freescale's R&D focus and restructure. Pac Crest thinks margins could rise throughout 2013. (transcript)
    | Jan. 30, 2013, 10:13 AM | Comment!
  • Jan. 22, 2013, 10:36 AM
    ARM (ARMH -2.2%) slips after receiving yet another downgrade: Benchmark has slashed its rating to Hold from Buy, citing overly optimistic expectations. Morgan Stanley, Piper, and UBS all downgraded ARM last week, largely on valuation grounds - shares of the world's dominant CPU core licensing firm currently trade at 46x 2013E EPS. Q4 results arrive on Feb. 5.
    | Jan. 22, 2013, 10:36 AM | 4 Comments
  • Jan. 16, 2013, 1:57 PM
    Facebook has provided a big endorsement for ARM (ARMH) server CPUs: the company is showing off a next-gen server architecture for its Open Compute platform for building cheap/dense/power-efficient IT infrastructures that allows companies to switch between various x86 and ARM CPUs by swapping boards. Applied Micro (AMCC +0.9%) and Calxeda are the first ARM vendors to support it. The architecture will also support Intel's (INTC) silicon photonics tech, using it to handle 100G Ethernet links. (more on ARM servers)
    | Jan. 16, 2013, 1:57 PM | 1 Comment
  • Jan. 15, 2013, 9:30 AM
    ARM (ARMH) -5% thanks to a a downgrade to Equal-weight from Morgan Stanley. "It will be difficult for news flow to improve from here, and ARM could still lose sockets here and there," the firm writes: it thinks expectations of mobile computing, micro-server, and telecom infrastructure share gains, and of higher royalty rates thanks to the adoption of its big.LITTLE architecture, are priced in. Piper downgraded ARM yesterday, but shares closed higher nonetheless.
    | Jan. 15, 2013, 9:30 AM | 1 Comment
  • Jan. 11, 2013, 1:38 PM
    The future of Microsoft's (MSFT) Windows RT is starting to look a little shaky. Not only have Surface RT sales underwhelmed, Samsung has decided not to sell its RT tablets in the U.S. The electronics giant says educating U.S. consumers on RT would require "heavy lifting," and that retail partners have indicated RT demand is modest. One could also point out RT systems, which sport ARM-based (ARMH) CPUs from the likes of QCOM and NVDA, don't support older Windows apps, and that Intel and AMD have been busy developing tablet-friendly CPUs for Windows 8 Pro gear.
    | Jan. 11, 2013, 1:38 PM | 14 Comments
  • Jan. 10, 2013, 10:01 AM
    Research In Motion (RIMM +2.4%) appears to be getting a lift from Nokia's Q4 pre-announcement. Reuters is reporting Verizon, AT&T, and T-Mobile USA execs have confirmed at CES their companies will sell BlackBerry 10 devices, though this was generally expected. Also rallying: telecom equipment vendors Alcatel-Lucent (ALU +3.9%) and Ericsson, and European chip companies STMicroelectronics (STM +5.1%), NXP (NXPI +3.1%), and ARM (ARMH +4%).
    | Jan. 10, 2013, 10:01 AM | 3 Comments
  • Jan. 9, 2013, 1:15 PM
    While Qualcomm, Nvidia, and Intel unveil new quad-core mobile parts, Samsung (SSNLF.PK) is announcing the Exynos 5 Octa, which technically qualifies as the first 8-core mobile processor. Relying on ARM's (ARMH) big.LITTLE architecture, the Octa pairs 4 high-speed CPU cores with 4 low-power cores that handle background tasks. Though fully harnessing an 8-core chip will require developer legwork, Samsung promises unmatched performance and battery life. The chip should go into plenty of Samsung devices, but other OEMs might not be crazy about buying from a rival.
    | Jan. 9, 2013, 1:15 PM | 1 Comment
  • Dec. 12, 2012, 12:25 PM
    Opinions on Intel's (INTC) S1200 Atom server CPUs are split between those who praise their head start on ARM-based alternatives, and those who worry the chips won't be competitive with future ARM products. Wells Fargo argues the S1200 gives Intel a 1-2 year lead over 64-bit ARM solutions. But Oppenheimer calls the dual-core parts "completely disadvantaged." "In the new web-tier landscape, the more cores, the better," it asserts. AppliedMicro's X-Gene ARM CPUs will support up to 128 cores at 2W/core, and Nvidia's upcoming Project Boulder could yield 8-16 core chips.
    | Dec. 12, 2012, 12:25 PM | 6 Comments
  • Dec. 11, 2012, 4:27 PM
    Intel (INTC) has officially launched its S1200 (Centerton) Atom server CPU line: it's hoping the dual-core, 6W chips can head off the threats posed by ARM (ARMH) server CPUs and AMD's SeaMicro unit, and address the needs of Web companies deploying hundreds of thousands of cheap, dense, energy-efficient servers. At $54 apiece, the chips are far cheaper than most of Intel's Xeon server CPUs - GigaOm notes Intel is dealing with an innovator's dilemma. Analyst Charles King argues Intel has a 12-month head start on ARM, but Oppenheimer isn't impressed.
    | Dec. 11, 2012, 4:27 PM | Comment!
  • Dec. 10, 2012, 4:00 PM
    Imagination Tech (IGNMF.PK) will now be paying MIPS (MIPS +1.2%) $80M to buy what will remain of it (i.e. its CPU core business) following a patent sale. Imagination's new offer trumps a $75M bid from CEVA (CEVA -0.3%), which in turn was above Imagination's original $60M offer. ARM (ARMH) would probably prefer that CEVA acquire what passes for its largest CPU core rival, rather than GPU core leader Imagination. MIPS' total proceeds from the two sales now stand at $7.64/share. (PR)
    | Dec. 10, 2012, 4:00 PM | 2 Comments
  • Dec. 7, 2012, 7:14 PM
    AppliedMicro (AMCC -2.8%) thinks its ARM server CPUs have a 12-18 month lead on rivals, notes Williams Financial. Moreover, AMCC's history as a telecom chipmaker has helped it develop interconnects and switch fabric chips to connect its CPUs, and a slew of value-added features. It hopes to commence sales by Q413 or Q114. Marvell and AMD are also going after the ARM server CPU market (I, II), expected to grow quickly thanks to demand from Internet companies and others looking to make their hardware as dense and power-efficient as possible. (Intel Centerton)
    | Dec. 7, 2012, 7:14 PM | 4 Comments
  • Dec. 7, 2012, 6:23 AM
    China's Ministry of Commerce joins the EU in conditionally approving a JV involving Arm Holdings (ARMH) that seeks to develop increased security for mobile devices. The other companies in the JV are Holland's Gemalto and Germany's Giesecke & Devrient. To allay antitrust concerns, China ordered ARM to provide competitors with information about its TrustZone security technology.
    | Dec. 7, 2012, 6:23 AM | Comment!
  • Dec. 6, 2012, 11:44 AM
    Intel (INTC) has a dedicated salesperson for each of its "big four" cloud customers - Google, Amazon, Facebook, and Microsoft - says its server CPU chief. The big four develop their own Intel-based servers, and their preference for cheap, low-power, densely-packed hardware means they often use lower-margin CPUs than many enterprise clients - that's a big reason server industry revenue is declining, and the collective share of top-5 vendors slumping. But Intel is better off addressing this market than seeing cloud clients turn to AMD's SeaMicro unit or ARM-based CPUs.
    | Dec. 6, 2012, 11:44 AM | 1 Comment
  • Dec. 5, 2012, 11:08 AM
    Fresh off raising $6B, Intel (INTC -0.8%) has received two negative sell-side notes. 1) Raymond James has downgraded shares to Underperform, warning gross margin could fall below 55% from the 62%-65% seen lately, thanks to competition from AMD and ARM-based chips. It's also skeptical any internal replacement for CEO Paul Otellini will provide needed change. 2) Nomura thinks the odds of Apple eventual dumping Intel are high, arguing desktop-caliber ARM processors are now possible and the move could save Apple $100/unit in costs.
    | Dec. 5, 2012, 11:08 AM | 20 Comments
  • Nov. 20, 2012, 4:44 PM
    MIPS discloses it has received an unsolicited bid from CEVA to acquire what will remain of the company after a patent sale to an ARM-led consortium is finished for $75M in cash. That trumps a $60M offer from GPU core developer Imagination (IGNMF.PK). MIPS' board is evaluating the offer. If CEVA's offer wins out, MIPS' CPU core business would complement CEVA's DSP core business, and could also yield synergies for its chip platform business. MIPS halted. CEVA -0.6% AH. (PR)
    | Nov. 20, 2012, 4:44 PM | 2 Comments
  • Nov. 20, 2012, 10:05 AM
    ARM (ARMH -3.4%) has opened lower after Raymond James downgrades shares to Outerperform from Strong Buy - ARM closed near its 52-week high yesterday. Meanwhile, Intel (INTC -2.7%) is lower not only due to H-P's bleak PC and server sales data, but also due to a downgrade to Neutral from UBS, which is worried about the near-term impact of Paul Otellini's May retirement.
    | Nov. 20, 2012, 10:05 AM | 13 Comments
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Company Description
ARM Holdings PLC designs microprocessors, physical IP and related technology and software, and sells development tools to enhance the performance and energy-efficiency of high-volume embedded applications.