SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : ARM Holdings (Advanced RISC Machines) plc.
ARMH 74.95+0.3%Nov 3 11:44 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hands Off who wrote (781)1/28/2004 12:01:26 PM
From: Jim Oravetz  Read Replies (1) of 912
 
Arm Holdings 'reaping dividends'
from BBC online

UK microprocessor designer Arm Holdings has reported fourth-quarter results at the top end of City expectations, and sees an "improved outlook" for 2004.

"Careful cost management" has enabled Arm to start paying dividends - it will pay a total of 0.6p per share for 2003.

Arm made a pre-tax profit of £8.9m for the three months to 31 December, up 62% on the same period last year.

Though activity levels have picked up, Arm warned of the continuing impact of the weak dollar on its fortunes.

New products

Investors have been backing Arm's recovery hopes over the last 12 months as shares have outperformed the IT hardware sector by 16%.

High levels of research and development spending have allowed the company to launch a number of new products this year.

"These are already driving license revenue and underpin our confidence for revenue growth during 2004," said chief executive Warren East.

The company also announced the acquisition of US company Triscend Corp, which specialises in core-based microcontrollers, for £7.3m ($13.2m) cash.

Arm said it views the microcontroller market as a "key emerging market".

++++++++++++++++++++ Dividend +++++++++++++++++++++++++++++
Note: 100p = 1 British Pound = $1.8282 US Dollars (1/28/04)

Dividend of 6p = $1.82/6 = $0.3047 US Dollars

I'm not sure if ADR's translate as a 1:1 with ARMHY shares
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext