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HEXUS.sharewatch: ARM jumps on continued Apple acquisition rumours

by Scott Bicheno on 14 June 2010, 13:42

Tags: ARM

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Whatever ARM's management and shareholders think of the prospect of being bought by Apple, they must be smirking to themselves about the effect on ARM's share price that this persistent rumour is having.

Back in April we had the widely-reported rumour that Apple was about to buy ARM and it turned out to be nothing. As we said at the time, there are many reasons why it wouldn't represent a good business move for Apple and we'd be surprised if regulators would even allow it to happen at all. Our view hasn't changed.

Well last week the rumours came back again, driving ARM's shares up by as much as 32 percent before they settled back down again after ARM said it had received no approach. The persistence of this rumour, however, has meant ARM was easily the biggest gainer among our shares last week.

Aside from ARM, the disties had a decent week, while NVIDIA was the biggest loser after a big sell-off of its stock at the start of last week.

 

Company Listing Share price 24/5/10 Share price 1/6/10 Share price 7/6/10 Share price 14/6/10 7-day change Market cap (bn)
AMD AMD 8.40 8.57 8.10 8.12 0.2% 5.47
Apple AAPL 242.32 256.88 255.96 253.51 -1.0% 230.68
ARM ARMH 10.31 10.74 11.32 12.79 13.0% 5.61
Avnet AVT 28.20 28.72 26.58 26.99 1.5% 4.10
Cisco CSCO 23.46 23.16 22.95 22.91 -0.2% 130.83
Dell DELL 13.35 13.33 13.24 13.15 -0.7% 25.75
Google GOOG 472.05 485.63 498.72 488.50 -2.0% 155.58
HP HPQ 46.58 46.01 46.05 47.19 2.5% 110.16
IBM IBM 125.42 125.26 125.28 128.45 2.5% 164.72
Ingram Micro IM 16.90 16.96 16.53 17.21 4.1% 2.85
Intel INTC 20.91 21.42 20.94 20.64 -1.4% 114.84
Microsoft MSFT 26.84 25.80 25.79 25.66 -0.5% 224.88
Nokia NOK 10.07 10.12 9.58 9.54 -0.4% 35.73
Nvidia NVDA 12.73 13.14 12.10 11.61 -4.0% 6.64
Oracle ORCL 22.16 22.57 22.13 22.69 2.5% 113.88
Qualcomm QCOM 35.89 35.56 35.30 35.36 0.2% 58.00
Tech Data TECD 40.20 40.65 38.95 40.02 2.7% 2.03
Dow .DJI 10193.39 10136.63 9931.97 10211.07 2.8% N/A
FTSE 100 .FTSE 5034.65 5076.82 5126.00 5163.68 0.7% N/A
NASDAQ .IXIC 2229.04 2257.04 2219.17 2243.60 1.1% N/A


HEXUS Forums :: 1 Comment

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I really hope Apple do not touch ARM. One of the few UK technology companies at the forefront still.

Plus, I worry how they will restrict the licences to ARM architecture. Apple aren't exactly known for their open platforms.