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Advise caution because it is all rumour and speculation at the moment. Keep an eye on the NASDAQ this evening etc. My impression is that Arm is trying to retain its independence and universality, while admitting that it is a "valuable" company. Intel's rumoured interest and bid figures would seem logical. My personal opinion is that this stock will go through the roof and that more than one takeover bid will emerge.
Yes, tomorrow will be interesting. One report has suggested that Intel may be interested in buying ARM for 10 billion pounds or about $16.5 billion. Arm are considered to be ahead of Intel in mobile phone and other chip technologies. Advise caution, but I get the the impression that the bus is about to leave!
Hi 'the Truth Hurts', There have been lots of posts wiping out the last of mine which proved to be correct. I smile and wonder where you are coming from. From all the speculation about takeover bids from savvy investor sites and newspapers such as the Daily Mail and The Guardian, I wonder why the interest in the downplay? I subscribe to caution, but why the wipe-out? In the circumstances, I would suggest investor alert! With respect TH, do you have an interest in the matter? Is this stock about to take off?
Rumours of possible takeover bids from Oracle (Nasdaq: ORCL) and Intel (Nasdaq: INTC) surfacing and reported on M&A Insider.
The actual words used in the statement by Arm were "that few suitors would have anything to gain by owning the listed company." ... i.e. not excluding the meaning that a few would definitely be interested. The question I would like to ask is this: Are these not words consistent with the words of a company that is concerned about the real possibility of a takeover bid? The share price has risen since the statement was made. I believe that the £8 per share area may not be that impossible to attain were things to develop. Sounds like it to me that real interest in a takeover bid is about to show itself.
It is nice to be right. Now where do we go from here? This company seems to be ideally placed as a takeover target with the possibility of several giants homing in. I should imagine that the share price is heading upwards.
A Reuters report at 9.58am today on rise in the share price of software companies and speculation of take over bids specifically mentions Arm Holdings. Hold on to your hat. "LONDON, Aug 19 (Reuters) - Shares in European software makers jumped in a falling market on Friday on hopes they were more likely bid targets after Hewlett-Packard's $11.7 bid for British enterprise search-software maker Autonomy ... Shares in British chip designer ARM, which like Autonomy is part of a technology cluster in the English university town of Cambridge, also rose 2.9 percent."
I did listen to the news and Arm Holdings and Autonomy were the two stocks that were singled out as being the two that stood out bucking the stock market trend. Speculation as to why this might be so was also added in that report. A widely broadcast speculation on a possible take over bid by an authoritative source such as the BBC, I would have thought thought lead to a rise in the share price at least in the short term. The report came at the end of the Today programme and it is possible to play it back via the BBC website. If my memory is correct, Arm Holdings and Autonomy were mentioned as "the only two" bucking the massive fall on the Stock Exchange. Things might have changed by the time you heard the news.
This is speculation that more than one financial analyst is making - Due to Arm Holdings being one of two stocks that have noticeably risen is today's Stock Exchange turmoil it was suggested a short while ago on BBC Radio 4's Today programme that this buck in the trend might be due to a take over bid being in the pipeline. I would think it a good instant buy.
Apologies, I meant sell in my last post.
I would imagine that this is a good time to sell before Smiths News wakes up to find that it too is heading into the penny shares area and withdraws its offer. Let them take the hit. I can't see any real future in these companies.