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HEXUS.sharewatch: ARM jumps on foundry news

by Scott Bicheno on 12 October 2009, 13:11

Tags: ARM

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As UK embedded chip designer ARM continues to aggressively position itself for an attack on the PC market, as well as bolstering its position in the embedded markets, investors are responding positively.

Last week HEXUS.channel was the first to bring you the news that ARM had got into bed with GlobalFoundries, to collaborate on the development of designs based around ARM's Cortex A9 design and GlobalFoundries next generation 28nm manufacturing process.

On top of the benefits this partnership might offer ARM partners like NVIDIA, the additional strategic significance of this move was to lessen ARM's reliance on the world's biggest semiconductor foundry - TSMC - which is showing an increasing fondness for ARM rival Intel. Investors have apparently approved of the news, driving ARM's shares up by nearly 13 percent last week to their highest level since late 2007.

All our shares went up last week as the weak dollar led investors to anticipate better numbers from overseas (non US) sales. The mini-rally has more than compensated for the previous week's slump, with companies like AMD recovering all the value they lost.

This is a big week for tech quarterlies, with Intel, Nokia, IBM, Google and AMD all due to announce. How their figures correspond to expectations will provide a strong indication of the strength of the recovery.

 

Company Listing Share price 21/9/09 Share price 28/9/09 Share price 5/10/09 Share price 12/10/09 7-day change Market cap (bn)
AMD AMD 5.70 5.83 5.31 5.88 10.7% 3.93
Apple AAPL 185.02 182.37 184.88 190.47 3.0% 170.63
ARM ARMH 6.70 6.72 6.52 7.36 12.9% 3.13
Avnet AVT 26.22 25.90 24.53 26.37 7.5% 3.99
Dell DELL 16.69 15.34 15.04 15.81 5.1% 30.92
Google GOOG 491.46 492.48 484.58 516.25 6.5% 163.43
HP HPQ 46.15 47.02 45.28 47.38 4.6% 112.34
IBM IBM 122.11 121.08 119.02 125.93 5.8% 165.08
Ingram Micro IM 17.17 16.78 16.35 17.60 7.6% 2.87
Intel INTC 19.55 19.37 18.97 20.17 6.3% 112.91
Microsoft MSFT 25.26 25.55 24.96 25.55 2.4% 228.11
Nvidia NVDA 15.22 14.50 13.85 14.17 2.3% 7.76
Qualcomm QCOM 44.46 44.70 41.44 41.70 0.6% 69.32
Tech Data TECD 42.34 41.23 40.45 43.39 7.3% 2.18
Dow .DJI 9820.20 9665.19 9487.67 9864.94 4.0% N/A
FTSE 100 .FTSE 5170.33 5091.75 4988.70 5161.87 3.5% N/A
NASDAQ .IXIC 2132.86 2090.92 2048.11 2139.28 4.5% N/A


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