Nomura Securities on ARM Holdings: How New Office Launch Could Help ARMH

July 17, 2012 9:19 AM EDT
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Price: $67.77 --0%

Rating Summary:
    13 Buy, 19 Hold, 3 Sell

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    Up: 21 | Down: 16 | New: 10
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Nomura Securities maintains a 'Neutral' on ARM Holdings (NASDAQ: ARMH).

Analyst, Carmen Boyero, said, "We believe the new Office (Nasdaq: MSFT) will be a significant differentiated selling point for Windows RT-based tablets. Pricing terms leaked recently in various tech blogs (USD 50-65 for Windows RT with Office, USD 60-80 for Windows 8, USD 80-100 for Windows 8 Pro with Office, according to Digitimes) also appears attractive to us...In our opinion, this functionality could trigger healthy competition and stimulate the tablet market from end-2012. A broader adoption driven by innovation should benefit ARM, as we believe ARM’s chip architecture will continue dominating this market in the medium term."

"We continue to see encouraging opportunities for ARM with Windows, but believe more tangible proof points for ARM on Windows are needed before investors revise estimates...We see risks of near-term disappointments and cautious guidance owing to weakening consumer spending trends and a slower smartphone market, but believe this is well understood by the market." (ARM reports Q2 results on July 25)

For an analyst ratings summary and ratings history on ARM Holdings click here. For more ratings news on ARM Holdings click here.

Shares of ARM Holdings closed at $22.72 yesterday.

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