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  • sujit_98 sujit_98 May 1, 2013 12:48 PM Flag

    ARMH: Processor Share, Royalty Rates to Rise, Says Canaccord

    ARMH: Processor Share, Royalty Rates to Rise, Says Canaccord
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    By Tiernan Ray

    Shares of Canaccord Genuity’s Matthew Ramsay this morning reiterates a Buy rating on shares of chip intellectual property licensor ARM Holdings (ARMH), and a $52 price target, writing that his recent meetings with investors regarding the stock in Milwaukee, Chicago, Kansas City, and Denver were “upbeat,” and that he maintains a view the company is “is well positioned to hold dominant processor market share within the growing smartphone and tablet markets while benefitting from royalty rate expansion due to increased Cortex-A penetration, Mali graphics attach rates, and secular trends toward chipset integration.”

    Ramsay sees ARM increasing its share of microprocessors by the end of this decade to more than 50% from 32% at present, and he sees the company’s royalty rate will rise to 1.5% next year from 1.3% last year, on average, and may approach 2% at the end of the decade.

    ARM shares today are up $1.03, or 2.2%, at $47.78

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    • So this is the #$%$ that just created ARMH bagholders at $48 !

      "he maintains a view the company is “is well positioned to hold dominant processor market share within the growing smartphone and tablet markets while benefitting from royalty rate expansion due to increased Cortex-A penetration, Mali graphics attach rates, and secular trends toward chipset integration.”

      Not a chance of any of the above coming true, Intel will send ARM chips back down to the cheap $10-20 range again by the time its done on 10nm i.e. within 3 years. Going forward only the really small cheap ARM chips will prosperously survive, e.g. A7 and A53 as Haswell/Broadwell and Silvermont/Airmont are just going to crush A15 and A57 from above and below in a classic pincer movement. ARMH by the end of the decade will be in the teens ... if they are lucky as I don't totally rule it dropping under $10 once investors find out they have been well and truly scammed by this so called growth story.

      "Ramsay sees ARM increasing its share of microprocessors by the end of this decade to more than 50% from 32% at present"

      From who ? ARM is already the market leader in its markets and it only has share to lose in them. Its Windows adventure has already failed, anybody hear about any new WindowsRT tablets being released ? Of course not, it will be quietly dropped by MSFT as if it never existed. ARM's microprocessor share is heading down to the 20% range by the end of the decade as MIPS also will come back on the embedded side as Intel devastates the ARM tablet market.

    • How many servers have they sold? They pumped ARM based servers, but did they sell any at all? Who would by them?

 
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