What's happening at… ARM?

Shares UK company ARM (ticker ARMHY) is set to report its second quarter results this Wednesday and all indications are that those results will be exceptional. The company was forced to issue a statement on the 7 July last after rumours sped round the world that it was shortly to conclude an important deal with Texas Instruments. See Share Price Movements. The company's shares closed on Wall Street last Friday at $48 5/8, and has shown a consistent rise over the last four or five weeks. In mid-June, its shares stood at under $30. We anticipate that it will easily reach $55 over the next 10 days or so. ®