ARM Holding chip maker11 Nov 2021 12:07
The story of ARM Holding
When ARM joined the market, it was valued at around 80 times its latest annual profits. And it still is today. The best companies are always more expensive.
https://www.fool.com/investing/international/2013/03/13/how-arm-holdings-became-a-20-bagger.aspx
UK born - ARM designs chip processors and then licenses this technology to its various partners. An initial license fee typically covers ARM's development costs, and then a royalty fee for each chip manufactured by its partners should represent almost pure profit thereafter.
The shares did very little for several months, Investors then started to take notice, as they scrambled around for anything remotely connected to the Internet. The shares ended 1998 at 64 pence. By the middle of 1999, they were 146 pence, before soaring to 828 pence by the end of year.
Load up while their cheap. Won’t stay forever at under 10penny.