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To: Phillip C. Lee who wrote (9677)	3/18/1998 11:31:00 AM
From: HerbVic	Respond to of 213177

Plillip & everyone, How is this sale going to affect the AAPL balance sheet? Does ARM have good investment potential? infobeat.com 08:16 AM ET 03/17/98 UK's ARM Holdings seeks stock market flotation LONDON, March 17 (Reuters) - Microprocessor designer ARM Holdings Plc on Tuesday announced plans for a stock market flotation in which 38 percent shareholders Acorn Group Plc and Apple Computer would sell part of their holdings. ARM said it would seek a listing on the London Stock Exchange (LSE) and a quotation for American Depositary Shares on the U.S. Nasdaq market. Acorn said it, Apple and other corporate shareholders including VLSI Technology would each sell an initial 16.7 percent of their holdings. ARM said it planned to make a global equity offering of about 40 million pounds, with a primary issue of 20 million. The new funds would be used for general working capital, ARM said. The offering will be co-ordinated by Morgan Stanley Dean Witter, with a price range expected to be in a range between 325 pence and 385 pence, valuing ARM at between 145 million pounds and 175 million. The company designs power-efficient microprocessors, related technology and software and sells development systems to enhance the performance of multimedia applications. Established in 1990 from Acorn's microprocessor group, ARM raised pre-tax profit 35 percent in 1997 to 5.0 million pounds, on turnover up 59 percent to 26.6 million. ((Braden Reddall, London newsroom, +44 171 542-7717 fax +44 171 583-3769, ukequities.news@reuters.com)) Still sippin', HerbVic