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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

#191

Post by cjrp »

bemusedthrow75 wrote: post #156
truckerbill wrote: post #120

Earlier quoted context omitted.

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

No such point was made (regarding a royal family). Incidentally, the Royal Family themselves privately own 1/250th of the UK's land, and it is mostly not particularly valuable. Only about £15bn. As a proportion this is only four times what the richest private landowner (the Emmersons) in the USA owns of the USA. And the Emmersons have come by their share pretty quickly by comparison, wouldn't you say? The Duke of Wes…

> As a proportion this is only four times what the richest private landowner (the Emmersons) in the USA owns of the USA. And the Emmersons have come by their share pretty quickly by comparison, wouldn't you say?

If anything, I feel like the speed (or how recently the land was acquired) is actually in the Emmersons favour here. A generation or two ago somebody got wildly successful, vs. land being inherited because your 30x great-grandfather was Henry VIII.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#192

Post by Lio »

pipo234 wrote: post #56
msy wrote: 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…

> a stock market dominated by octogenarian+ dinosaurs, a decaying rump of manufacturing, a finance sector that mostly makes its bread laundering the capital of the world's corrupt and corruptors Ah! Now I get it. That rhymes with companies like Shell and Unilever leaving the EU in favour of UK after brexit. (Not that Frankfurt, Milan, Amsterdam or Paris are known to be heavy investors in tech innovation, btw.)

Well Shell (and BP) are really likely to get sweetheart deals on North Sea oil from Rishi Sunak which might have swayed them.

Now, I know what you're thinking, that that's just because both firms coincidentally signed multi-billion dollar deals coincidentally with Sunak's family business, Infosys, to coincidentally outsource all their IT jobs but I assure you that's a mere coincidence.... probably. :P

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#193

Post by senttoschool »

orlp wrote: post #182
senttoschool wrote: post #87

Earlier quoted context omitted.

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…

> Why would Apple ever want to own ARM? You answered your own question: > 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.

No I didn't answer my own question because a hostile takeover of ARM can cost $70b and it doesn't guarantee that ARM would fall on its face after the acquisition because it has long-term contracts.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#196

Post by bemusedthrow75 »

cjrp wrote: post #191
bemusedthrow75 wrote: post #156

Earlier quoted context omitted.

No such point was made (regarding a royal family). Incidentally, the Royal Family themselves privately own 1/250th of the UK's land, and it is mostly not particularly valuable. Only about £15bn. As a proportion this is only four times what the richest private landowner (the Emmersons) in the USA owns of the USA. And the Emmersons have come by their share pretty quickly by comparison, wouldn't you say? The Duke of Wes…

> As a proportion this is only four times what the richest private landowner (the Emmersons) in the USA owns of the USA. And the Emmersons have come by their share pretty quickly by comparison, wouldn't you say? If anything, I feel like the speed (or how recently the land was acquired) is actually in the Emmersons favour here. A generation or two ago somebody got wildly successful, vs. land being inherited because yo…

Yeah. Swings and roundabouts though; most of the truly long-held property of the royal family has become the Crown estate, and over time the family has had to make much more of its income from that wealth due to the contraction of the Civil List.

Charles himself will only have income from his estate (whereas his mother had income from the Civil List)

What I meant to say is that in the blink of an eye, realistically -- in a couple of generations -- you could and probably will have a situation where a single land-owning family in the USA could end up with a very similar proportion of a _vastly_ larger country.

It's probably in the nature of land-owning for this to happen: someone ends up with all of it, then can't maintain it, and it ends up being sold off or dispensed to the state, then sold off, reaccumulated, and the circle continues.

And I think it's a mistake to see the royal family's land ownership as a source of power and influence. Unfortunately we give them the power and influence for no really good reason; the land is a side thing.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#197

Post by commonlisp94 »

progbits wrote: post #63
tchaffee wrote: post #60

Earlier quoted context omitted.

Compared to the US. Dan Abramov who works for Facebook and is one of the primary engineers of the hugely popular React framework makes less than one of my junior engineers.

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

> he gets sick gets free healthcare

Free at the cost of a significantly larger portion of his salary in tax for his entire life.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#198

Post by JumpCrisscross »

sofixa wrote: post #164
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.

> especially in the US, and especially in tech, unless the company is growing like crazy or massive, it's considered as insignificant and dimissed

Maybe in Silicon Valley, were decades of totem disdain for anything resembling a business education is starting to take its toll. For anyone with a financial background, slow-growing profitable companies are most American industry. If you want to grow slowly (or barely at all), and want investors who like that, offer a dividend and price at a reasonable P/E.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#199

Post by commonlisp94 »

drexlspivey wrote: post #86
ricardobayes wrote: post #22

Earlier quoted context omitted.

The business enviroment is a lot better in the US, a friend just started a company there, got an unsecured 80k line of credit at 1.5% on a fresh LLC. This kind of thing doesn't exist in the UK. I know people who couldn't even get a 5k overdraft after 2 years in business (and profitable).

Why would anyone lend to a new business at 1.5% when they can get 5% risk free ?

because it's the government on the other side of the loan

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#200

Post by tchaffee »

bemusedthrow75 wrote: post #141
tchaffee wrote: post #111

Earlier quoted context omitted.

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.

This comes across as quite rude, TBH. But answering you on the merits: it’s entirely possible, yes. For example, what if sensible life choices include moving out of state to a place where there is less tech industry? Just changing jobs can interrupt healthcare and cause costs. And the process of switching providers is, in the experience of a friend with a family with complex healthcare needs, sometimes so kafkaesque…

Sorry, but you gave no evidence that the average talented person would be handcuffed to a specific company as soon as they start a family. And you especially gave no evidence that they would "lose that cover". That was your original claim.

> This comes across as quite rude, TBH.

Sorry if you saw it as rude, but I was politely asking from my perspective. It's normal to ask folks for evidence backing up their claim when you don't find it believable. How could I have asked my question in a more polite way?

> Use your imagination before you just jump in and belittle an argument.

I did. And I failed to come up with an explanation based on my decades of work experience. Healthcare has never chained me to a job even when I had health problems. Pretty much every company offers a healthcare plan. The only thing that ever concerned me was becoming unemployed.

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