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ARM confirms it's talking to TI and others…

Board "notes" the share movements

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The share price of ARM soared by 114p yesterday and prompted the company to issue a statement intended to quell takeover speculation. The rise in the share price is a 12 per cent movement. ARM said it "noted" the rise and had seen speculation in the media about the company's involvement with Texas Instruments. The company confirmed it was in talks with several licensees including Texas Instruments. "These discussions may or may not lead to existing partners licensing the next generation of ARM technology. Discussions with all of our partners are continuing and shareholders will be kept informed of material developments as they occur," the statement continued. The "may or may not" bit in that last paragraph is interesting. It wouldn't license its technology to the others if TI took it over, would it? As an exercise in quelling speculation, the statement is eloquent in achieving the opposite effect. ®

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