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Technology Stocks : ARM Holdings (Advanced RISC Machines) plc.
ARMH 67.15-3.9%Nov 7 9:30 AM EST

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To: muzosi who wrote (619)11/3/2001 7:32:30 PM
From: Tom Pulley  Read Replies (2) of 912
 
Muzosi, this stock is shaping up to big a leader coming out of the recession......revenues up 40% in 2001 is exceptional for this year and I liked the quote:

Robin Saxby, executive chairman of ARM, said that over the past decade chip makers have invested a lot of money in creating products based on ARM's architecture. "To switch us out would be very expensive and very painful for them," he said.

We may have an opportunity to buy the stock at a lower level since the Nasdaq is looking toppy, but this stock looks good to me long term. The OBV on a weekly chart has broken out strongly which is a good sign and not typical of all tech stocks that have participated in the latest run-up.

Tom
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