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Arm Announces Public Filing for Proposed Initial Public Offering

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Re: Arm Announces Public Filing for Proposed Initial Public Offering

#111
post #68

Earlier quoted context omitted.

And as a FB employee gets private healthcare as a perk and would also get it in the US. The US comp is much higher than the UK's even taking into account healthcare.

But once he/she has a family (or just a pregnant partner) he/she is really handcuffed to the job by that perk, no? The risk of losing that cover makes it very difficult to make sensible life choices.

Is your claim that a Facebook engineer would have trouble finding a different job with high compensation and great healthcare? That's a bold and hard to believe claim.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#112
post #100

Earlier quoted context omitted.

> Capital however is predominately held via inherited wealth Curious to see you prove that beyond an imagined stereotype. It's not as though we are in the first generation of US entrepreneurship and there is not a huge quantity of US inherited wealth in those VC funds. The founders of Intel, Apple, Walmart, Standard Oil etc. have all passed on. And on the other side, it's not like there haven't been a dozen generatio…

Hmm, maybe it will be fun to go through https://en.wikipedia.org/wiki/List_of_British_billionaires_b... - Dyson: actually an innovator! Made many of the same criticisms of the UK lack of tech strategy. Promoted Brexit, which has made the situation worse by erecting barriers to a key UK market. - Ratcliffe: owns INEOS: oil refineries. Old school engineering? Or just provision of capital? - Hinduja: purchaser of Ashok…

I would be surprised if many Brits know of ARM as a British success story. Ditto for Raspberry Pi or Deepmind. These things are just not celebrated, it seems.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#113
post #68

Earlier quoted context omitted.

And as a FB employee gets private healthcare as a perk and would also get it in the US. The US comp is much higher than the UK's even taking into account healthcare.

And what about long-term illness? If he fell ill for 1+ year, would his salary and healthcare be guaranteed or would he go bankrupt?

That's is indeed where the US system fails. Overall though I think the risk reward ratio favors the US for young healthy engineers. Save up enough to retire at 45 and then get yourself to a country with good nationalized healthcare.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#114
post #100

Earlier quoted context omitted.

Hmm, maybe it will be fun to go through https://en.wikipedia.org/wiki/List_of_British_billionaires_b... - Dyson: actually an innovator! Made many of the same criticisms of the UK lack of tech strategy. Promoted Brexit, which has made the situation worse by erecting barriers to a key UK market. - Ratcliffe: owns INEOS: oil refineries. Old school engineering? Or just provision of capital? - Hinduja: purchaser of Ashok…

> you know who's NOT on this list? Anyone to do with ARM. Even Hermann Hauser appears to have only £150m net worth) I wonder if ARM's success, or rather, popularity and market dominanance, is because they (intentionally or otherwise) devalued themselves enough.

Indeed - they appear to be great engineers and terrible business-people.

They have collected very little profit from their market-dominating IP.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#115

How long until Apple does a hostile takeover? /s I assume regulators would block a hostile takeover like they would a regular buyout if there are concerns regarding market power?

Why would Apple ever want to own ARM? Their internal CPU design team is years ahead of the ARM team. Apple has an architectural license and doesn't care about ARM core designs. Quite honestly, ARM falling on its face hard is actually a benefit to Apple. That would mean that Apple Silicon and iPhone SoCs have less competition. Imagine if Qualcomm chips based on ARM designs are 5 years behind instead of the 2-3 years n…

> But the Nvidia + ARM combo made sense from a technical and strategic standpoint though.

Made sense for Nvidia. Not for other Arm customers.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#116
post #70

Earlier quoted context omitted.

Is there more global access to the US market? Does capital flow with less friction to it? What about indexes? If they qualify for NASDAQ or some other major index, there's some "mandatory" investment that gets triggered by a bunch of funds that do index tracking. I would presume where you choose to list is kind of a flag of convenience, like it is in maritime. It's probably not as irrelevant as to where things actual…

> Is there more global access to the US market? Does capital flow with less friction to it? Yes, and yes. > What about indexes? If they qualify for NASDAQ or some other major index, there's some "mandatory" investment that gets triggered by a bunch of funds that do index tracking. NASDAQ is an exchange, not an index. The most prominent index on NASDAQ is the QQQ, the top 100 stocks,market cap weighted. But this is th…

> The most prominent index on NASDAQ is the QQQ, the top 100 stocks,market cap weighted.

QQQ is an index fund:

* https://en.wikipedia.org/wiki/Invesco_QQQ

That follows the Nasdaq-100 index:

* https://en.wikipedia.org/wiki/Nasdaq-100

There are other funds that track it too from companies other than Invesco.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#117
post #100

Earlier quoted context omitted.

Hmm, maybe it will be fun to go through https://en.wikipedia.org/wiki/List_of_British_billionaires_b... - Dyson: actually an innovator! Made many of the same criticisms of the UK lack of tech strategy. Promoted Brexit, which has made the situation worse by erecting barriers to a key UK market. - Ratcliffe: owns INEOS: oil refineries. Old school engineering? Or just provision of capital? - Hinduja: purchaser of Ashok…

> you know who's NOT on this list? Anyone to do with ARM. Even Hermann Hauser appears to have only £150m net worth) I wonder if ARM's success, or rather, popularity and market dominanance, is because they (intentionally or otherwise) devalued themselves enough.

Indeed. You can see in some of the comments here the American mentality simply could not have made ARM successful because they would have been too busy competing with their own customers. For ARM to take off and be trusted they had to knowingly leave valuable profit margins around for their customers to be able to take advantage of.

The defining question is if the world is better off by having people play that game or the one where everyone tries to takeover everything all the time.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#118

Earlier quoted context omitted.

And when he gets sick gets free healthcare while your junior will go bankrupt. Compensation isn't comparable without comparing external costs and benefits.

What a silly, coping lie. A Facebook engineer in the US gets good private healthcare insurance.

Hot-take: It's an emotional defence mechanism: on-the-whole the UK and US are far too similar and integrated that it's natural for middle-class Brits to larely consider themselves peers, and not near-peers, of their US counterparts - so when you have that view of yourself and your place in the world but then look at the stark the income disparity, you're going to comfort yourself with all of the bad things about the US (and the US' bad things are legion) - and invoking the egalitarian NHS happens because the UK gets its impression of the US healthcare "system" (industry?) from things like Michael Moore's Sicko or Times columnists reporting on all the messed-up healthcare injustices that happen in the US - but there is a very real ignorance of what healthcare is like in the US when the system does actually work well for you.

And if it isn't NHS vs. "doesn't &everyone* get medical-bankruptcy?" then it'll be about guns, or the death penalty, or overt racism in the south, or corporate america's excesses, or US foreign-policy, and so on. Because those are the things that Channel 4 will report on - but you won't see or read stories that upset anyone's feelings on their place in the world: and it works on everyone: I've already mentioned Guardian-reading types, but also and especially the Brexit-types: who still desperately want to believe the British empire could be brought-back because the Daily Express told them so.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#119

Interesting. As much as ARM-based processors are doing so well in the market, it's important to understand that ARM has specific licensing agreements with Apple, Samsung, etc. It is not so obvious that it will continue being a cash cow for many more years.

I expect that some of those companies will be interested in acquiring shares of the company to ensure their continued access and innovation.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#120
post #45

Earlier quoted context omitted.

The UK has a long intellectual tradition which creates a steady stream of creative and capable engineers. Capital however is predominately held via inherited wealth and its controllers want rentier incomes with low risk. As a consequence there is low appetite for risky new ventures and those that want to undertake them mostly migrate elsewhere. What's left is a stock market dominated by octogenarian+ dianosaurs, a de…

> want rentier incomes with low risk. I don't know if I buy your point about inherited wealth but there is what I'd describe as a stifling culture of rentseeking that, if not actively encouraged is certainly tolerated and overlooked, at many levels of society, and across both businesses and public organisations. And once you become aware of it you start to realise how obnoxious and oppressive it is. We certainly don'…

You don't buy the point about a country with royal family that owns vast swathes of land?
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