Re: Apple will never own ARM (again)
The fact that ARM's board are recommending this deal to their shareholders suggests that
it suggests that their legal obligation to do the best by their shareholders over-rides just about any other concern. This is such a large premium over the current market value that I don't think the board had any option but to recommend it, whatever their ideals may be.
Today was reporting this morning that they are promising to double the UK workforce in the next three years or something. I find that impossible to believe, and if it did happen I can foresee all sorts of organisational issues and cashflow issues that could ruin this almost lone-surviving jewel of British technology. I can see how ARM could do with a bit of a cash injection to accelerate their plans, but I can't see any reporting on how this might happen.
Bad news all around. Possibly even worse than the Cadbury's thing.
M.
P.S. slightly biased, I speak as someone who still uses an Acorn RiscPC (StrongARM) on a daily basis
Biting the hand that feeds IT
