ARM is growing big. AAPL owns 43%. 1996 Rev 17m pounds, profit $3.8m
biz.yahoo.com
ARM was formed in November 1990 by Acorn Computer Group, Apple Computer and VLSI Technology. Initially set up as a source for low-cost, high-performance processing solutions for the UK education market, the company has grown rapidly. During the past six years, ARM's revenues have risen at a compound annual growth rate (CAGR) of more than 75%. Revenues in 1996 were œ16.7 million (US$28.6 million).
In April 1993, Nippon Investment and Finance (NIF), a Daiwa Securities Company, became ARM's fourth investor. ARM's 35 million presently-issued shares are held by Acorn, 43%; Apple, 43%; VLSI, 7%; and NIF, 7%. There are also employee options on an additional 8.8 million shares.
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