no offence24 Oct 2012 11:21
but do you people understand ARM's business, or are you just basing these bearish remarks on past charts and/or TA?
There is a lot more going on than TA here.
Even on a TA only basis it closed yesterday well above its "range" on good volume.
ARM's IP business model removes important significant risks that the Intel model has. For example Intel can and does cease manufacture of chips when they want everyone to move to their new design, whereas OEM's can be sure they can get ARM processors as long as they want from multiple foundries if necessary. With the right licence designers can also merge arm ip with other designs to build SoCs as in many examples including the ipad SoC, giving other important advantages. And lets not forget an ARM chip is cheap and frugal as well as being high quality, and now well established.
In addition, historically Microsoft has somewhat locked ARM out of the pc market for 20 years, whereas now they are teaming up.
that's not to mention the 64bit server offerings, or the graphics offerings.
the same can be said of IMG with a more diverse set of on-chip technologies.
Just look how they have both performed in the last 3 years.
I'm not selling just yet, though I agree both are high beta, and will drop considerably sooner or later. This is why they are such fantastic ISA-eligible shares.