In an uncertain market chip designer Arm has attracted some attention.
Its shares have received a boost from news late on Tuesday that Hewlett-Packard planned to develop low energy servers, in partnership with companies like Arm and Advanced Micro Devices. HP is working with US start up Calxeda - where Arm is an investor - to create smaller, low power servers, with the first products due in the first half of next year.
As analysts at BMO Capital Markets lifted its recommendation on Arm from market perform to outperform, the company's shares have climbed 17p to 589p. On Tuesday Arm announced it had bought US group Prolific, a developer of software tools.
