Chip producer ARM boosted by results

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBe20 Stunning Female AthletesBetterBeBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm SHARES in British chip manufacturer ARM Holdings, the firm behind Apple’s iPad, rose following a 72 per cent increase in full-year profits, despite warnings of a dot com bubble from analysts.Profits for the FTSE 100 chipmaker rose to £167.4m before tax in the year to 31 December, up from £96.8m the year before.Revenues increased to £406.6m in the year to December for the Cambridge-based firm.ARM’s chips, which feature in the iPhone and iPad, consume less power than traditional PC microprocessors, vital for battery-powered devices.Shares rose 6.10 per cent to 547.5p yesterday, raising concern amongst analysts as to whether the stock is over-priced.Analyst James Cranshaw said: “It’s one of these shares that traders and momentum investors see as going up so they buy it as it’s going up. “We think that there’s a bubble in the share price. It doesn’t reflect reality and it could take a long time before the market wakes up to this.”He added: “It seems to be that the prices of chips just keep on going down and down. If you want to expect good revenue growth for ARM, it’s not quite good enough to justify the valuation that it’s trading at.”However, Standard and Poor’s upgraded its rating from “strong sell” to “sell” following the better than expected fourth quarter results.Earlier this month, ARM tied up a deal to provide chips for Microsoft’s next version of its Windows operating system.The Windows software will be designed for battery-powered products such as tablets and smartphones, for which ARM will start receiving royalties in about two years. Chief executive Warren East said: “ARM continues to sign licenses with influential market leaders in an increasingly digital world, and as the industry chooses ARM technology in a broadening range of electronic products, it further drives our long-term royalty opportunities.” Chip producer ARM boosted by results Show Comments ▼ whatsapp Sharecenter_img Tuesday 1 February 2011 8:59 pm KCS-content whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tags: NULLlast_img

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