ARM Holdings (Advanced RISC Machines) plc. Message Board

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

ARMH 74.70

+2.4%

Oct 31 9:30 AM EST

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To: SteveG who started this subject	3/19/2004 7:20:50 AM
From: John Hayman	Read Replies (1) of 912

ARM Holdings Settles Outstanding Issues With Herodion Friday March 19, 6:19 am ET LONDON -(Dow Jones)- ARM Holdings PLC (NasdaqNM:ARMHY - News) said Friday it has settled all outstanding issues with Herodion (picoTurbo Inc.'s successor entity), following the arbitration process referred to in January. Following the findings of the arbitration panel and subsequent discussions between the parties, ARM has agreed to pay GBP6.4 million to Herodion as part of the full and final settlement of all outstanding legal issues. The issues related to the out-of-court settlement of the patent lawsuit against picoTurbo in December 2001. The amount includes the original cash investment that ARM committed to make and settlement of Herodion claims for damages in compensation for loss of license revenue and royalty payments. The settlement agreement is not expected to have any impact on ARM's financial results in 2004. As this amount represents a post balance sheet adjusting event in respect of ARM's results for the year to Dec. 31, 2003, it will be charged as a one-off item to the 2003 profit and loss account in the 2003 statutory accounts of ARM Holdings. These accounts will be posted to shareholders on March 24. The fully diluted earnings per share under U.K. GAAP for 2003 of 2.1 pence per share reported in the preliminary announcement on Jan. 27, 2004 is adjusted to 1.5 pence per share as a result of the inclusion of the Herodion settlement. Similarly, the fully diluted earnings per share under U.S. GAAP for 2003 of 1.9 pence is adjusted to 1.3 pence. ARM will be announcing its results for the first quarter of 2004 on April 20..

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