ARM Holdings (Advanced RISC Machines) plc. Message Board

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Technology Stocks : ARM Holdings (Advanced RISC Machines) plc.

ARMH 67.77

0.0%

Sep 6 5:00 PM EST

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To: Mats Ericsson who wrote (426)	2/24/2000 9:07:00 AM
From: Mats Ericsson	Read Replies (1) of 912

Morgan Stanley reiterates 'outperform' Transmeta fears overdone LONDON (AFX) - Shares in ARM Holdings rose sharply in morning trading after Morgan Stanley published a note reiterating its 'outperform' rating. At 11.30, shares in ARM were up 413 pence at 4546 pence, with 658,393 traded. The Morgan Stanley note is thought to detail the broker's view that there is no short term threat to ARM's core businesses from the privately-owned US manufacturer Transmeta Corp, which demonstrated its Crusoe range at a European press launch earlier this week. Semiconductor analysts believe that Transmeta will initially focus its efforts on the laptop and web-pad markets, where ARM is not a major player. Stock was also buoyed by the news that Lernout and Hauspie Speech Productions NV showed a StrongARM-powered prototype personal data assistant, known as Nak, at the CeBIT technology fair in Hanover yesterday.

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