Post #3477008
2026-06-24 12:58 UTC
But, to my broker, I was small potatoes. I watched helplessly as my broker failed to get me any shares of the ARMHY debut, despite me warning him for months in advance that this was a stock that was going to balloon on the merits (and it did, dramatically so). His firm's allocation of the IPO all went to much wealthier inverstors than I.
In the late 1990s, most people had never heard of ARM. Now they rule the mobile and embedded markets, because their SoCs are the best designed in the world.
Replies (1)
-
@gcvsa@mstdn.plus 2026-06-24 13:03
And, not for nothing, but Apple's stake in ARM was a large part of why, despite all the bad press, Apple was never going to go under. They were sitting on not just an immense pile of cash, somewhere more than $6B USD at the time, and very good sales of Macintoshes ($1B/quarter at the time), they were sitting on a gold mine of ARM shares. ARM was a joint venture of Acorn, Apple, and VLSI Technologies, growing out of Acorn UK's RISC CPUs. And then they made the iPod, iTunes, iPhone, and iPad.