The following was lifted from Seeking Alpha, WW's favorite info. source.
>>>ARM Holdings (ARMH)
ARM Holdings has to deal with a lot of love or hate -- there is no in between. The company is loved by investors who appreciate what it has done in terms of its chip technology and how popular it has become in the realm of mobile devices. But there are those who simply dislike the company because of its perceived dominance over rival Intel (INTC). Make no mistake about it -- as bullish as I am on Intel, there is still a lot to like with regard to what ARM has to offer. Not the least of which is the fact that the company already owns 75% of the mobile processing market, which is only going to grow more in popularity.
So the question is, why not own a company that produces the technology being used by many smartphone and tablet manufacturers? It's really that simple, and ARM Holdings is now the clear-cut answer, especially considering that it has also forged huge deals with Microsoft (MSFT) for use of its chip technology in the upcoming release of Windows 8. Furthermore, it is widely known that PCs are losing market share while smartphones and tablets are becoming more ubiquitous in both the consumer and corporate environments. With no slowdown of that market in sight, ARM Holdings should be considered in any portfolio with reasonable time horizons. At $28 and a P/E of 71, the stock is not cheap by any means -- but rarely has that ever mattered for a growing name in the tech sector, especially one in as dominant a market as mobile devices.<<<