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To: Al. Gibberd who wrote (8980)	3/2/1998 3:00:00 PM
From: Marc Newman	Read Replies (1) \| Respond to of 213173

Hi Al, That's an interesting scenario and one that I'll leave to others who probably understand the dynamics better. How are Mac sales in Scotland, btw? Welcome, Marc

To: Al. Gibberd who wrote (8980)	3/2/1998 4:43:00 PM
From: J R KARY	Read Replies (2) \| Respond to of 213173

Al the planned ARM NASDAQ offering was a surprise ARM has $30 mln US in sales with 4 owners holding 35 mln shares: " ARM's 35 million presently-issued shares are held by Acorn, 43%; Apple, 43%; VLSI, 7%; and NIF (Nippon Inv & Fin.), 7%. There are also employee options on an additional 8.8 million shares. " A sample US market cap would be 2 X annual sales or $2./shr , but ARM is an emerging technology supplier whose 6 business units have formed development "partnerships" . This link better describes ARM's "unusual" mission: arm.com If ARM retains a form of royalties through its development partners , who now includes INTC , this could be a "hot" issue priced to make even Dell look cheap . If you could , please post a link to the 21 December 1997 Sunday Times article on ARM's planned offering . Jim K.