P507    Teletext   507 Dec22 03:14:11
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 WARBURG LOOKS FAVOURABLY ON ARM        
                                        
 Stock brokers Warburg Dillon Read have 
 initiated coverage of FUSE 100 newcomer
 Arm Holdings with a "buy" rating.      
                                        
 Arm's shari price has multipied bz     
 almost 13 times this year — the        
 Cambridge-based microchip djsjgnjr is  
 now worth almost £8bn, making it the   
 UK's 34th largest company ahead of the 
 likes of British Airways and Boots.    
                                        
 Warburg has given Arm shares a price   
 target of 4500p.                       
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