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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

#161

Post by bemusedthrow75 »

londons_explore wrote: post #114
DaiPlusPlus wrote: post #108

Earlier quoted context omitted.

> 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.

They aren't terrible business people at all!

If they collected much more profit from each device sale then they wouldn't have market-dominating IP. Because they'd have competitors who could undercut them.

As it is, a tiny firm of people make an extremely good living off a margin that nobody in the business can really quibble with, and it has without conflict sustained them to do greater and greater work that has changed the world.

You watch: ARM post-IPO will inevitably have to start squeezing more juice out of the market to give to greedier, more transactional, more activist shareholders, and this will fuck up the balance entirely.

An ARM IPO isn't really going to be good for anyone, I think.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#162

Post by bemusedthrow75 »

fidotron wrote: post #117
DaiPlusPlus wrote: post #108

Earlier quoted context omitted.

> 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 o…

> 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.

Exactly this.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#163

Post by phkahler »

klelatti wrote: post #138

I think in many ways Arm is (or should be) a sort of large 'Mittelstand' [1] business. Long term focus, independence, customer focus etc are key to the success of this type of business. Trouble is, its success and its sector has given it a profile that attracts attention from the likes of Softbank who have other ideas. A company doesn't need to have a Nvidia like P/E ratio to be successful. [1] https://en.wikipedia.o…

You may be right. In that case they should offer a dividend to attract the kind of investors who are not necessarily looking for big gains in the stock price, but want a nice stable return. ARM was a growth stock for decades, but that phase is over for them.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#164

Post by sofixa »

klelatti wrote: post #138

I think in many ways Arm is (or should be) a sort of large 'Mittelstand' [1] business. Long term focus, independence, customer focus etc are key to the success of this type of business. Trouble is, its success and its sector has given it a profile that attracts attention from the likes of Softbank who have other ideas. A company doesn't need to have a Nvidia like P/E ratio to be successful. [1] https://en.wikipedia.o…

> A company doesn't need to have a Nvidia like P/E ratio to be successful.

Absolutely true. Sadly nowadays, especially in the US, and especially in tech, unless the company is growing like crazy or massive, it's considered as insignificant and dimissed.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#165

Post by bemusedthrow75 »

hnhg wrote: post #112
pjc50 wrote: 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…

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.

A decent number of Brits know about the Raspberry Pi, but it is true to say that a hell of a lot more know what the BBC micro:bit is.

None of them would recognise Eben Upton (except as Jason Statham)

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#166

Post by ckdarby »

speed_spread wrote: post #149
deskamess wrote: post #71

Earlier quoted context omitted.

Canada has many similarities. The inherited wealth is essentially banks and oligarchs. You pretty much have to be risk free to get any funding. Lots of window dressing and marketing to make Canada look good. If it were not for US companies (Cisco, Google, etc) the Canadian tech salary would be closer to Europe. Once you start living here you realize the truth about how much they value tech, protectionism, the incompe…

Quebec has had a few wins over the years with massive indirect subsidies toward strategic industries, notably gaming and AI. Public money is spent to attract big players which hire a critical mass of talent which leads to more players moving in and eventually some private risk capital becoming available for startups pending to the needs of the big guys. Nothing comparable to the American VC system though.

I live in Quebec. It's all for show to prop Quebec up as a place to even do business in.

There's nothing in the tech space that is worth even looking at twice in this province that isn't headquartered elsewhere. Most larger companies open up here just to tap into the potential talent that don't want to leave their home province and a lot of companies aren't willing to put in the effort of dealing with Quebec being the exception to everything.

If you want to understand Quebec it really boils down to three points:

- Protect French language - Protect culture - Have more children. This achieves 1 & 2 in a cycle.

Things that are going well for the province, cheaper car insurance, cheaper housing, cheaper electricity, and subsidize daycare. Oh! This all ties back into our 3 rules.

All these advantages come at the cost of higher taxes, but that is apart of the strategy. Don't build wealth, but just provide enough for hope, dreams of having a family and rope as many into this to fulfil the 3 points.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#167

Post by pjc50 »

frutiger wrote: post #155
pjc50 wrote: post #137

Earlier quoted context omitted.

If you ask people in the street to name a famous living British technologist, they might come up with Tim Berners-Lee or James Dyson, but they are never going to name Sophie Wilson. (I wonder what answers you would get?)

Alan Turing (on the £5 note) and Isambard Kingdom Brunel maybe?

Yes - hence the more interesting qualifier "living"

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#168

Post by bemusedthrow75 »

pjc50 wrote: post #137
hnhg wrote: post #112

Earlier quoted context omitted.

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.

If you ask people in the street to name a famous living British technologist, they might come up with Tim Berners-Lee or James Dyson, but they are never going to name Sophie Wilson. (I wonder what answers you would get?)

It is upsetting to me but you are right, they'd know Dyson. (I wish they would instead know the name Chris Duncan, the inventor of the Henry vacuum cleaner and while still a Brexiteer, a man who hasn't subsequently kicked dirt in the eye of the UK).

They wouldn't remember Tim Berners-Lee's actual name but they would be able to say, the web guy. (Which is probably better for him when he goes shopping).

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#169

Post by phkahler »

wslh wrote: post #58
scrlk wrote: post #2

F-1: https://www.sec.gov/Archives/edgar/data/1973239/000119312523...

RISC-V is in the prospectus as a risk. Good for RISC-V!

>> RISC-V is in the prospectus as a risk.

One option is to embrace it as an opportunity. ARM designs some pretty good CPU cores, so imagine they offered good RISC-V cores as well. RISC-V can be free, but a lot of companies still license core designs.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#170

Post by sofixa »

speed_spread wrote: post #149
deskamess wrote: post #71

Earlier quoted context omitted.

Canada has many similarities. The inherited wealth is essentially banks and oligarchs. You pretty much have to be risk free to get any funding. Lots of window dressing and marketing to make Canada look good. If it were not for US companies (Cisco, Google, etc) the Canadian tech salary would be closer to Europe. Once you start living here you realize the truth about how much they value tech, protectionism, the incompe…

Quebec has had a few wins over the years with massive indirect subsidies toward strategic industries, notably gaming and AI. Public money is spent to attract big players which hire a critical mass of talent which leads to more players moving in and eventually some private risk capital becoming available for startups pending to the needs of the big guys. Nothing comparable to the American VC system though.

> Quebec has had a few wins over the years with massive indirect subsidies toward strategic industries, notably gaming and AI

And aviation. The Bombardier C-Series is a very advanced plane, and the first modern plane developed outside of Boeing or Airbus (outside of the smaller regional Embraer). Sadly American protectionism was the final nail in the coffin for the programme, but Airbus is comitted to the Mirabel site and assembly line, so Quebec still is one of the top aviation hubs in the world.

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