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Date Company Name Broker Rec. Price Old target price New target price Notes 21 Mar ARM HOLDINGS PLC Peel Hunt Buy 592.25 600.00 650.00 Upgrades http://sharedealing.nandp.co.uk/broker-views/ARM/ARM-Holdings
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March 21, 2012, 5:03 a.m. ET ARM Holdings Names Sir John Buchanan Chairman From May 3 LONDON (Dow Jones)--Semiconducter firm ARM Holdings PLC (ARM.LN) said Wednesday it has appointment Sir John Buchanan Chairman with effect from May 3, replacing Doug Dunn who will retire. MAIN FACTS: -Buchanan is currently Chairman of Smith & Nephew PLC, Deputy Chairman of Vodafone Group PLC, Senior Independent Director of BHP Billiton PLC and Chairman of the International Chamber of Commerce (U.K.). -Shares at 0900 GMT up 4 pence, or 0.8%, at 589 pence valuing the company at GBP8.1 billion. http://online.wsj.com/article/BT-CO-20120321-703229.html ARM Holdings plc announced the forthcoming appointment of Sir John Buchanan as Chairman of the Board with effect from May 3, 2012. As was announced at ARM's 2011 AGM, Doug Dunn intends to retire at the AGM to be held on May 3, 2012. John Buchanan will be appointed on the same date and will take over as Chairman immediately following the AGM. http://www.reuters.com/finance/stocks/ARM.L/key-developments/article/2504965
MARCH 20, 2012, 10:39 A.M. ET ARM: Barclays Ups to Buy on Mobile Dominance Barclays Capital’s Andrew Gardiner today raised his rating on shares of ARM Holdings (ARMH) to Overweight from Equal Weight, and raised his price target on the ordinary shares traded in London (ARM) to £7.25 from £7, writing that the smartphone and the tablet markets using the company’s wares could be larger than thought, producing 10% greater earnings than expected for this year and next. Although ARM and Intel (INTC) are each trying to move into one another’s respective markets, “we do not see material shifts in smartphone or PC share,’ writes Gardiner, and ARM maintains the upper hand, if you will, in the mobile market, he thinks. Intel is “safe for now” in the PC market. While ARM is trying to move into the server computer processor market, there won’t be anything to show for it, he thinks, before 2015 at the earliest. After 31% growth in ARM’s total chip unit volume via its partners in 2011, growth will cool to more like 16% this year, but then it will resume a 20% growth clip in 2013. Gardiner thinks the royalty rate for ARM will stabilize after having been under pressure prior to last year and reaching an average of 1.2% per part: Looking to the next few years, we expect both ARM’s average chip price to see less pressure and the royalty rate to increase slightly given greater growth driven by the higher price, higher royalty chips in smartphones, tablets and WOA laptops. Based on higher royalty revenue, which “drops straight to the bottom line,” Gardiner raised his 2013 EPS estimate for ARM by a penny to 18 pence per share. Although ARM shares are hardly cheap, at 39 times this year’s estimated 15 pence in earnings per share, nevertheless, the stock is down form a 56 times multiple that it enjoyed 12 months ago, he notes. ARM shares in London were up a fraction today at £5.80. The American Depository Receipts traded on the New York Stock Exchange are up 13 cents, or half a point, at $27.69. http://blogs.barrons.com/techtraderdaily/2012/03/20/arm-barclays-ups-to-buy-on-mobile-dominance/
Date Company Name Broker Rec. Price Old target price New target price Notes 20 Mar ARM HOLDINGS PLC Investec Buy 586.25 640.00 800.00 Upgrades http://sharedealing.nandp.co.uk/broker-views/ARM/ARM-Holdings
Date Company Name Broker Rec. Price Old target price New target price Notes 20 Mar ARM HOLDINGS PLC Barclays Capital Overweight 589.25 700.00 725.00 Upgrades http://sharedealing.nandp.co.uk/broker-views/ARM/ARM-Holdings
Date Company Name Broker Rec. Price Old target price New target price Notes 19 Mar ARM HOLDINGS PLC Berenberg Buy 0.00 680.00 720.00 Retains http://sharedealing.nandp.co.uk/broker-views/ARM/ARM-Holdings
Nasdaq hit new high yesterday since dotcom: 3,087.10 http://www.google.com/finance?q=INDEXNASDAQ:.IXIC News @ Naz: Will Oracle Earn or Burn This Week? http://www.dailyfinance.com/2012/03/19/will-oracle-earn-or-burn-this-week/ Wall Street flat after Apple starts dividend http://www.cnbc.com/id/46783043 S&P less than 10 percent below record high http://www.publicbroadcasting.net/wxel/news.newsmain/article/0/0/1913847/Business/Wall.Street.up.on.Apple.S.and.P.less.than.10.percent.below.record.high
March 16, 2012, 11:52 AM Should Intel, the Goliath of the chip market, be worried about tiny ARM Holdings ambitions in the data center? No, say analysts with Bernstein Research. Or, at least, not yet. ARM ARM UK:ARM is the small U.K.-based company that designs many of the chips used in smart phones and tablets. In the mobile computing arena, ARM is the giant, while Intel INTC, the tech behemoth, is the rival struggling to keep up. Recently, ARM also emerged as a would-be David to Intel’s dominant position in the server chip market when it said it wants to move beyond the world of cell phones and mobile devices. ARM-based chips grew to dominate the mobile market because they were known to consume less power, allowing users to keep their smart phones and tablets powered up for longer periods. So ARM apparently figured that advantage would also be attractive in the data center where businesses have long complained about rising electricity bills. What does this mean for Intel and Advanced Micro Devices AMD, its smaller rival in the PC and server arenas? Bernstein analyst Stacy Rasgon says Intel has nothing to worry about in the near future, or at least until 2014. For one thing, revenue from the low-power server market where ARM is likely to gain traction represents only 10% to 12% of total revenue, though it could rise to 12% to 15% in 2015, Rasgon says. “What is the impact for Intel and AMD? We see minimal impact until at least 2014,” he added. “Beyond 2014, Intel probably has more downside given their current position in servers, but risk is likely manageable.” One factor is that Intel is already probably gearing up for the ARM challenge. Rasgon cited Intel’s work on its Atom-based products “that can attack similar markets.” Still, he wrote, “While unlikely, should the presence of ARM-based servers impact Intel’s overall pricing, the impact could be more significant,” meaning “20% of earnings or more.” http://blogs.marketwatch.com/thetell/2012/03/16/smart-phone-chipmaker-arm-eyes-data-centers/
Nasdaq hit new high yesterday since dotcom: 3,060.82 http://www.google.com/finance?q=INDEXNASDAQ%3A.IXIC
WARREN EAST: http://www.directorsholdings.com/director/details/795/East+Warren?dealId=1014 TIM SCORE: http://www.directorsholdings.com/director/details/2010/Score+Tim?dealId=2796 MICHAEL MULLER: http://www.directorsholdings.com/director/details/4692/Muller+Michael?dealId=8612 MICHAEL INGLIS: http://www.directorsholdings.com/director/details/4691/Inglis+Michael?dealId=8611 TUDOR BROWN: http://www.directorsholdings.com/director/details/4690/Brown+Tudor?dealId=8610 LUCIO LANZA: http://www.directorsholdings.com/director/details/6628/Lanza+Lucio?dealId=14758 SIMON SEGARS: http://www.directorsholdings.com/director/details/15001/Segars+Simon?dealId=22672
MARCH 15, 2012, 11:48 A.M. ET HP, DELL: Jefferies Cuts Estimates, Sees Decline in PC Sales Jefferies & Co.’s hardware analyst Peter Misek this morning cut his estimates for Hewlett-Packard (HPQ) and Dell (DELL) based on a far lower estimate for PC shipments this year. Misek, who has a Buy rating on HP and a Hold rating, on Dell, cites a litany of factors threatening PC sales. He thinks buyers are slowing purchases of PCs as they await Microsoft’s (MSFT) Windows 8 operating system later this year, exacerbated by the recent release of a preview version of the product for consumers. He thinks a version of Windows for chips based on ARM Holdings (ARMH) designs, referred to in the industry as “Windows on ARM,” or WARM, could cause PC prices to fall. Then, too, writes Misek, it appears new models may be delayed because of low manufacturing yields with Intel’s (INTC) newest chip, “Ivy Bridge,” in its 22-nanometer process. The recent bankruptcy filing by Japanese DRAM maker Elpida is also threatening to drive component prices higher, crimping gross margins. Misek also thinks PC makers are disingenuous about the effect of Apple’s (AAPL) iPad sales on PC shipments: We believe PC-related companies that are citing Thai-flood HDD issues as the cause of PC weakness have been using it as a smokescreen to mask underlying slower demand trends. As a result of all that, Misek sees PC sales falling 3% this year, rather than a consensus view for 5% to 7% growth. Misek cut his estimate for Dell for this year to $2.04 from $2.15, and he cut his HP estimate by a penny to $4.09. Misek also has a few choice words on the larger picture for HP: “We admit upfront that our bullish call on HPQ has been wrong; however, our thesis that it should benefit from ‘data center in a can trends’ is still applicable.” He sees the recent introduction of Intel’s “Romley” server processor family helping boost HP’s server sales, among other catalysts. HP shares this morning are up 13 cents, or half a percent, at $24.47, while Dell shares are down 7 cents, or 0.4%, at $17.35. http://blogs.barrons.com/techtraderdaily/2012/03/15/hp-dell-jefferies-cuts-estimates-sees-decline-in-pc-sales/
Nasdaq hit new high yesterday since dotcom: 3,059.81 http://www.google.com/finance?q=INDEXNASDAQ%3A.IXIC
"It's important not to forget that company Directors have to live, and that there may be solid reasons for them to raise cash by selling shares. Divorce, tax issues, school fees, Lloyds liabilities, perhaps a new yacht - there are lots of reasons why they might need to reduce their shareholdings which do not necessarily indicate a lack of faith in the company. In some circumstances, sales can actually be a positive signal. Where several directors sell a large number of shares it may be that there is such a demand for the shares in the market that the directors are forced into selling some of their holding to improve liquidity. The shares may be available on the open market or are placed with institutional investors."
Intel Drags ARM Into the Ring March 14 2012 Intel (NASDAQ:INTC) COO Brian Krzanich has announced that the world’s largest chipmaker will start producing chips for tablets. Krzanich claims that he has adjusted the company’s supply chain in order to accommodate for consumer demand for tablets. Intel plans on turning their interest toward mobile devices like phones and tablets. However, it is no secret that Intel has struggled to compete against chips based on designs from British chip designer ARM Holdings (NASDAQ:ARMH). Currently, ARM powers most of the world’s smartphones and tablets, including Apple’s (NASDAQ:AAPL) iPad. Intel has made progress in its race with ARM as Lenovo and Motorola Mobility (NYSE:MMI) use Intel’s lower-power Medfield-generation chip in their designs. The chipmaker still dominates the 300-million-unit-per-year market for PC microprocessors and will shift to mobile devices to evolve with technological demands in the market. Intel is still well behind ARM, but is looking for a fight. http://wallstcheatsheet.com/stocks/intel-drags-arm-into-the-ring.html/
Fujitsu Announces Fast Cycle-for-Cycle ARM CPU Simulator 11:00 AM - March 14, 2012 The design and development of ARM processors could receive a boost with a new ARM core simulator that was announced by Fujitsu. The company claims it now has the world's fastest ARM core simulation technology. Fujitsu's simulation technology is based on a JIT compiler that enables hardware designers to run cycle-level simulations of multicore ARM processors that can be executed on a "standard PC" Fujitsu says that the system runs at "more than 100 MHz" and is more than 100 times faster than previous simulators. The margin of error is +/- 5 percent in respect of the actual hardware. Since ARM cores are widely used for smartphones, tablets and future entry-level PCs, Fujitsu believes that its simulator will result in shorter development cycles as well as a greater variety of ARM-based systems. The company said that it intends to continue its development and make its simulator both faster and more accurate. http://www.tomshardware.com/news/fujitsu-arm-simulator-smartphone-development,14995.html
ARM looks to refrigerators, medical devices with new chip The company's new Cortex-M0+ is being called the "world's most energy-efficient microprocessor" by ARM. March 14, 2012 10:17 AM PDT With the smartphone and tablet markets firmly in its grasps, ARM Holdings is looking elsewhere to capitalize on its growth. The chip designer yesterday announced its new ARM Cortex-M0+ processor. The chip is designed for intelligent sensors and smart control systems in a host of markets, including home appliances, medical monitoring, and motor-control devices. The secret to the Cortex-M0+'s market appeal is its energy-efficiency, ARM says. The company is calling the chip "the world's most energy-efficient microprocessor," consuming just one-third of the energy of any 8- or 16-bit processor. However, ARM claims the processor can deliver 32-bit performance, making it extremely powerful for its energy-efficiency. In a statement announcing the new chip, ARM said that the technology helps further the so-called "Internet of Things," a concept that sees every product a person owns--from computers to bicycles--having the ability to connect to the Web. "The Internet of Things will change the world as we know it, improving energy efficiency, safety, and convenience," Tom R. Halfhill, a senior analyst with The Linley Group and senior editor of Microprocessor Report said in a statement accompanying the announcement. "Ubiquitous network connectivity is useful for almost everything--from adaptive room lighting and online video gaming to smart sensors and motor control. But it requires extremely low-cost, low-power processors that still can deliver good performance." Such low-cost options should help connectivity come to many more products in the coming years. At Mobile World Congress last month, Ericsson CEO Hans Vestbeg said that by 2016, there will be 5 billion users around the world collectively accessing the Web from 50 billion connected devices. ARM has already been able to ink licensing deals on its new processor with Freescale and NXP Semiconductor. According to the companies, they'll be integrating the processor into their existing product lines. http://news.cnet.com/8301-13506_3-57397291-17/arm-looks-to-refrigerators-medical-devices-with-new-chip/
Nasdaq hit new high yesterday since dotcom: 3,051.37 http://www.google.com/finance?q=INDEXNASDAQ%3A.IXIC
March 13 2012 ARM Holdings (NASDAQ:ARMH) has unveiled a new energy efficient microprocessor design that the company expects billions of devices will use in the not-so-distant future. The “Flycatcher” architecture will pave the way for microcontrollers and bring Internet to to a wider range of devices. Two firms, NXP Semiconductors (NASDAQ:NXPI) and Freescale (NYSE:FSL), have already licensed the technology. Don’t Miss: Sorry, RIM, A Wireless Keyboard Just Won’t Cut It. The Cortex -MO+ architecture is designed to provide chip-makers with the means to build microcontrollers that require “ultra low power” but are capable of 32-bit processing. According to ARM, the microcontrollers should consume a third less energy than their predecessors, and have been created to consume almost no power when in sleep mode. ARM is advancing a new generation of smart energy systems. ARM suggests that fridges, medical equipment, energy meters, and home and office lighting will all benefit from the innovation, which will provide connectivity everywhere, from consumer appliances to personal medical devices — an area where battery life is crucial to maintaining health safety. ARM is opening devices to the potential of being connected all the time. Devices can offer wireless connectivity when paired with a modern Bluetooth or radio equipment, which will offer years of life from a single battery pack. ARM will sell the microcontrollers to clients for around $0.25 and charge a 1 percent to 2 percent royalty fee and a license charge. But don’t be fooled by the low sum, it is estimated that by 2020 there will be 50 billion Internet-connected devices, compared to 10-15 billion at present. ARM claims that the growth opportunity will come from equipment that are not yet connected to the net. http://wallstcheatsheet.com/trading/will-arms-flycatcher-redefine-mobile-devices.html/
Nasdaq hit new high yesterday since dotcom: 3,039.88 +56.22 (1.88%) http://www.google.com/finance?q=INDEXNASDAQ%3A.IXIC