Feeds

Goldman Sachs talks up ARM stock

Fuel to the blazing fire

  • alert
  • submit to reddit

Security and trust: The backbone of doing business over the internet

Goldman Sachs has upped its target price for ARM Holdings following the chip manufacturer's deal with Texas Instruments. In a note entitled "Adding Fuel to the Blazing Fire", Goldman Sachs upgraded its value of ARM's shares to 2200 pence from 1650 pence. Yesterday Cambridge-based ARM announced it would collaborate with Texas Instruments on a DSP and Microcontroller platform for next generation wireless devices. Its shares rose 94 pence to £18.91 on the back of the move. The two companies will develop technology to enable mobile phones and other hand held devices to access the Internet. The new Dual-Core platform will be based on TI's DSP technology and ARM's advanced 32-bit RISC microcontroller core. It will run current and future wireless cellular applications such as 2G+ and 3G. Although it will primarily be designed for cellular wireless devices, it hopes the technology will be attractive for other digital wireless applications such as wireless LAN. The deal follows a similar agreement with Intel last week. Yesterday also saw Apple reduce its stake in ARM to 6.86 per cent. The PC vendor sold 2.1 million shares, or a 1.1 per cent stake in the company. ®

New hybrid storage solutions

More from The Register

next story
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.