"I was wrong about ARM Holdings' (ARMH) price action over the last 8 months or so, and it's about time that I own up to being far too early (but not necessarily wrong) on that call. In a bull market with a lot of liquidity and a secular growth story, it now appears that the short call on ARMH (which I issued when the stock was at $37 or so) was dreadfully wrong in the near term and could very well turn out to be wrong indefinitely."
Very nice article but it really misses the point on the technical strength of ARM. It's all about the ecosystem and ARM has the largest ecosystem the semiconductor industry has ever seen. If you can't attend the ARM Technical Conference, join the ARM LinkedIn group and you will see thousands of engineers collaborating on ARM based designs. Now join the Intel Atom LinkedIn group and listen to the crickets chirp. It's called crowd sourcing and ARM is very good at it.
But I respect Ashraf for taking it on the chin. That is something you will never see in this group. I took a similar hit last year when I said TSM was a $20 stock. Oh wait, TSM is a $20 stock now, never mind. ;-)
"Very nice article but it really misses the point on the technical strength of ARM. It's all about the ecosystem and ARM has the largest ecosystem the semiconductor industry has ever seen."
[No, it's not about the ecosystem. Stocks aren't valued based on ecosystems, butkus, they are valued based on earnings. And it takes over 80 years for ARM to earn back the price of a single share of stock. And while ARM has a lot of engineers, that have a dwindling number of foundries and dwindling amount of funding for those foundries. And they also have a dwindling supply of technology because of the dwindling about of R&D funding. Maybe they should pass the hat at one of those ARM Technical Conferences that you are so proud of. ARM's going down - it's just a matter of time. No FinFET, no future. And don't make me laugh with that promise that ARM will have FinFET any day now. Come back when they do. By the way, you never addressed any of the 16 reasons why ARMs fabrication is toast. If you had any arguments to support your case you would have managed to mount some kind of rebuttal...]
You are a prime example of an old dog who refuses to learn new tricks. For years you've been pumping INTC and are now back down under the 24 you pumped around 3 years ago, uttterly failing to capture gains, just forever riding the same old tired merry go round. Never fear, before you reach the ripe old age of 65, another recession will arrive, and you'll likely still be working in your shop 80 hours a week, pity not at 400.00 hour billable time
I never said the ARM stock price was based on the ecosystem. This is an example of you not understanding the written word. That statement clearly references what Ashraf wrote about ARM TECHNOLOGY in the article.
"By the way, you never addressed any of the 16 reasons why ARMs fabrication is toast. If you had any arguments to support your case you would have managed to mount some kind of rebuttal..."
I most certainly did. You were wrong on 14 out of 16 I believe. Not that you would ever admit to being wrong. Not that discussing technology with you will ever make a difference in your shameless Intel shilling.
But don't take my word for it. Post your 16 reasons on the ARM board and see what happens because they really are laughable.
Clearly the top in ARM
Who is signing up for new licenses?
ASP's on phone and their share of tablets is coming down.
No ability to get into other markets.
Where is the growth?
Priced like a big.
Market probably also turning over.