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

To: W D J Moore who wrote (227)	10/22/1999 1:41:00 PM
From: Tan Tran	Respond to of 912

[From Yahoo Finance] Friday October 22, 11:56 am Eastern Time ARM punches higher after U.S. advance LONDON, Oct 22 (Reuters) - ARM Holdings Plc, the semiconductor designer that has been one of the UK stock market's star performers this year, surged into fresh record ground on Friday in the wake of U.S. demand for the stock, dealers said. Breaking through a chart resistance point, ARM shares traded 92 pence or 7.4 percent higher at 1,332 pence by 1345 GMT, having earlier set a record 1,400p. Its ADRs (NasdaqNM:ARMHY - news), listed on the U.S. Nasdaq market, were up $2-11/16 at $68-3/16. The moved carried the UK-listed stock beyond the 1,250 pence level where it had hit resistance in recent sessions. Volume, however, was relatively thin at 1.3 million shares and dealers said the move had been exaggerated by a shortage of stock in the market ''It is a quality stock and it was very good in the U.S. last night,'' said one dealer. ''But there is just no stock on offer in the market...I can see it going to 20 pounds soon.'' Having ended last year at 319 pence, ARM shares have outperformed the FTSE All Share index by 274 percent in the year to date. Earlier this week the company reported a 77 percent surge in third quarter pre-tax profits to 4.4 million pounds on revenues up 40 percent at 15.7 million, driven by growing demand in markets ranging from mobile 'phones to computer games consoles.