Lpc2000

Richard,

> > > I didn't think they list the sales price?
> >
> >$4.6M.  That's not a high valuation, unless there is something else.
> >We'll see when the accounts come out.
> 
> Hmmm... I thought it says combined gross asset of $4.6M, not 
> that they pay 
> $4.6M. Paying $4.6M seems awfully low. I think the 
> conventional wisdom is 
> 3-5x of annual sales...

ARM's accounts will list exactly the price they paid, so we just need to
wait.

However, a back-of-the-envelope calculation for a 23-person company,
conservatively, says you need 23 x $60K = $1.4M per year to cover staff
costs.  So, again, 3 x $1.4 = $4.2M.  All this is pure speculation, of
course.  :-)

-- Paul.