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Technology Stocks : ARM Holdings (Advanced RISC Machines) plc. -- Ignore unavailable to you. Want to Upgrade?

To: Tan Tran who wrote (169)	7/2/1999 5:09:00 PM
From: John Walliker	Read Replies (1) \| Respond to of 912

Perhaps it was this? --- 02 Jul 1999 16:20 ARM <ARM.L> surges on Goldman recommendation LONDON, July 2 (Reuters) - Shares in British microchip designer ARM Holdings Plc soared to a record high on Friday in response to repeated positive comments on the stock from Goldman Sachs, dealers said. ARM stock surged 163-1/2p or 21 percent to 952-1/2p by 1510 GMT in volume of around 1.3 million shares, making it the best performing stock among the UK's top 350 listed companies. The shares earlier traded at an all-time peak of 954p. The investment bank said ARM results due on July 21 would show continued high momentum and an increasing presence in new growth applications beyond handheld electronics. Goldman said it forecast a jump in pre-tax profits of 52 percent to 3.4 million pounds. Sales were expected to rise by 42 percent to 14 million pounds. The investment bank said it continued to rate the stock as a "market outperformer". In New York, the company's ADRs <ARMHY.O> gained $4/15 to $45/07. ((Andrew Langlands, London newsroom +44 171 542 4366, fax +44 171 542 2120, uk.equities.news@reuters.com)) --- John