Paul Morland News
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Mike Lynch, who founded the British software company accused by Hewlett-Packard Co. of falsifying finances, said that while he may have used some of the contested accounting and sales methods, they were all legal.
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ARM Holdings Plc, designer of the most popular chips for smartphones, rose 2.1 percent in London today after it entered a deal for patents and client Apple Inc. was said to be exploring ways to replace Intel Corp. chips in its personal computers.
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ARM Holdings Plc climbed to its highest price in ten years in London trading after Microsoft Corp. said the next version of its Windows operating system will run on ARM’s chip designs for the first time.
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ARM Holdings Plc’s stock has rallied so fast that the designer of chips that help power Apple Inc.’s iPhone is now the most expensive takeover target in the semiconductor industry since 2006.
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European stocks climbed for a third day as unexpected growth in the region’s manufacturing and services industries and rising U.K. retail sales eased concern that the economic recovery may be faltering.
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Autonomy Corp., the U.K.’s second- largest software company fell the most in 12 months in London trading after gross margins retreated.
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Fidelity National Information Services Inc., a Florida-based provider of banking and payment technology, is in talks to buy U.K. software maker Misys Plc.
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ARM Holdings Plc , the U.K. designer of semiconductors that power Apple Inc.’s iPhone, reported higher third-quarter profit and sales on increasing shipments of chips used in smartphones and tablet computers.
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Logica Plc, an Anglo-Dutch computer services provider, fell the most in three months after it posted third-quarter sales which were lower than analysts’ estimates and revised its full-year earnings forecast downwards.
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