Humpty has a nosebleed today as ARM's P/E is at a stratospheric 98. All that blood isn't going to help Humpty as he sits poised on the slippery slope of the wall. He looks afraid to move at the moment, wondering how he ever got so high and what he was thinking at the time. Only one way to get down. At least it will be quick when it happens.
MSFT has done more damage to INTC than ARM has this year with its screwed up Win 8 which stunted PC refreshes. That gets fixed next year with Win 9, which coincides nicely with WinXP EOL, and there will be plenty of Haswells and Bay Trails around in inventory to take advantage.