Apr 23 2013, 10:37am CDT | by Sumayah Aamir
English-based company, ARM, has seen a minor revolution in its stocks index. The executives are on cloud nine and so they have cause to be. The internal revenues have increased by a whopping 29% which is a source of great pride in the proficiency of the workers and staff at ARM. This is a net total of 160 million pounds, a cool earning that has been skimmed off in the form of some hefty profits.
The CEO, Warren East has decided that he is going to retire after remaining in charge for more than a decade, according to Bloomberg News. The newly arriving CEO, Simon Segars has great expectations from ARM. He wants to take the company into the direction of semiconductors, connectivity, the latest television sets as well as tablets and smart phones. Intel is the biggest rival of ARM in the open market. More and more of the top technology firms are using ARM’s products in the design of their consumer durables. 2013 is a lucky year for ARM since it is off on a sprinter’s high.
The gadgets and hardware stuff you find on the Internet is precisely the sort of things that ARM specializes in. This includes a range of devices such as home/office thermostats and hospital monitoring equipment. Then there are the computer consoles, smart digital tablets and slim mobile phones that are another specialty of the British bastion of electronic/silicon technology. With a high end clientele that includes Apple and Samsung, the demands for smart phones and tablets is not about to go down any time soon. In fact, it’s bound to continue to increase in the future.
The royalties on the microchips manufactured by ARM go straight into the company’s pockets and are re-invested in progressive efforts. People have nowadays stopped using the massive computers with printers and motherboards of the 90s and switched to smart and sleek hand-held tablets. This too has only been a plus point for the people at ARM. The bullish market is sensitive to the doubling of stocks in the past 180 days. That is almost half a year since ARM has been regularly proving itself as a viable contender in the economic game. It has shown substantial growth and is the darling of the computer industry.
Hard work and honest, dedicated effort will surmount obstacles whether they are in life or on the business front. ARM has achieved its goals piecemeal and is inching towards success. Kudos goes out to the administration and sincere workers of the organization, whose headquarters is situated in Cambridge, England.
The Brits have attacked and conquered once again!
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