ARM euphoria cooling after HP deal
ARM Holdings, the British computer chip designer is still 2.45% above yesterday's close following the announcement last night of a tie up with Hewlett Packard.
ARM Holdings, the British computer chip designer is still 2.45% above yesterday's close following the announcement last night of a tie up with Hewlett Packard.
HP has announced it will be making low power servers using ARM's chip designs.
ARM's products, which are usually used in mobile phones, require up to 90% less energy than their rivals' Intel, so for some customers with huge "server farms" the new HP devices could be a serious cost saving.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
ARM would make money through a licensing agreement with the actual manufacturer of the chips, Calxeda, based in Texas (and part owned by ARM).
This morning saw investors euphoric over the deal, with shares up nearly 6%. Since then, however, cooler heads have prevailed, leaving the stock at 586p in London, up 14p on the day.
BS
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published