ARM Holdings sellout

Pat494

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14,491 1,540
No way should ARM Holdings be allowed to sell out to a Japanese company. This is a world leading computer chip making company and should stay British. We have few leading companies left. Let's hope Theresa shows a bit of steel and blocks it. The money rats would love to cash in. This would lose overall control.

If we can't stand up for ourselves politically and economically our future will be bleaker. We have gotta show we aren't just push-over rubbish.
 
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Atilla

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19,443 2,873
No way should ARM Holdings be allowed to sell out to a Japanese company. This is a world leading computer chip making company and should stay British. We have few leading companies left. Let's hope Theresa shows a bit of steel and blocks it. The money rats would love to cash in. This would lose overall control.

If we can't stand up for ourselves politically and economically our future will be bleaker. We have gotta show we aren't just push-over rubbish.


Depends if the intention is to develop and build on ARM operations or to take over a competitor and dismantle in due course.

I concur with sentiments however, that these kind of buy outs we should seriously consider and weigh costs and benefits as with all things and not just sell.


https://www.theguardian.com/business/2010/jan/19/kraft-cadbury-takeovers



This is one area Pat, where being in Europe we have better protection against predatory take overs, asset stripping British companies and leaving a trail of has beens at the rear. Europe provides that protection and a bigger market with superior standards and practices compared to how the new emerging markets compete.

Yes Europe may have more red tape and better standards, nevertheless it is better quality than what comes out of India or China.
 
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tomorton

Legendary member
8,142 1,222
Capitalism requires that we make stuff and sell it for the cost of production plus a profit. That applies to companies as much as computer chips. Having sold the company, the liquid cash can then be invested in our economy - as long as politicians keep it sufficiently attractive compared to our competitors' economies overseas.
 

Pat494

Legendary member
14,491 1,540
ARM Holdings is not just a successful tech company employing thousands. It makes cutting edge chips for a lot of products, some of which have defense implications. Brits like to work for British ownership with the codes of decency etc. that many countries sneer at. Lose your key employees and even the best companies suffer. Kids today are the brains and leadership of the future.
 

barjon

Legendary member
10,604 1,742
ARM Holdings is not just a successful tech company employing thousands. It makes cutting edge chips for a lot of products, some of which have defense implications. Brits like to work for British ownership with the codes of decency etc. that many countries sneer at. Lose your key employees and even the best companies suffer. Kids today are the brains and leadership of the future.

I think ARM is a chip designer rather than manufacturer? About 3500+ employees worldwide.

Much of Britain's industry is owned by foreigners so no change there then :( as another one goes. Makes "take back control" sound a bit hollow for the industrial base that's supposed to lead us to an export led Brexit boom.
 

Pat494

Legendary member
14,491 1,540
When I worked in the City there were 24 Merchant Banks there, mostly British owned and run. They were sold out by the slippery money men and now I think there are none.
It used to be an honour and a privilege to work for one and somewhere to aim for, for the young. Pretty hard to get a job in someone else's bank now. Seems to me that our loss was the competition's gain. A windfall for the few, not an investment in the future for the next generation.
 

Splitlink

Legendary member
10,850 1,233
I cannot see how blocking this is going to make it easier for UK to negotiate trade deals with Asian trading blocks. Doing so would create a political minefield.

Besides, if I had shares in ARM and could get a good profit for them, I would not think twice. Anyone, who says otherwise would make me doubt him.
 

Pat494

Legendary member
14,491 1,540
I wonder what the people who put so much effort into it think of the stitch up ?

Maybe it is time the employees had a say in whether they will be bought or sold like so many carcases.
 

Splitlink

Legendary member
10,850 1,233
They, well, might. They will have a better chance in Parliament now that UK has achieved Brexit.
 

Atilla

Legendary member
19,443 2,873
I think ARM is a chip designer rather than manufacturer? About 3500+ employees worldwide.

Much of Britain's industry is owned by foreigners so no change there then :( as another one goes. Makes "take back control" sound a bit hollow for the industrial base that's supposed to lead us to an export led Brexit boom.

Agree strongly.

Thought crossed my mind that this may be the start of Japan initiating the rebuilding of its military after Chinese pig headed stance claiming all of the South China seas as her own.

Action and reaction are equal and opposite.

I'm thinking Japan will start building a robot army to fight the Chinese any time soon.

Should help their economy and ours.


There is international law and the price mechanism where surely some agreement can be reached on carving up resources in international waters. Then there is greed, power and might where one side will feel they can dominate others. And so the arm race begins. No pun intended. :(
 

tomorton

Legendary member
8,142 1,222
I wonder what the people who put so much effort into it think of the stitch up ?

Maybe it is time the employees had a say in whether they will be bought or sold like so many carcases.


Don't agree. It is the owners, the people with capital at risk who will most effectively (ruthlessly if you like) seek to maximise profit from a company. Employees have other interests, notably job security: not the same thing.
 

Atilla

Legendary member
19,443 2,873
I can see this thread going the usual way to the door of pure capitalism with no due consideration to any social or natioanal issues.

Capitalism is just hell bent in consuming all in its path and can only handle growth. There is no mechanism for handling any slow down or decline. Won't mention externalities.

Socialism is better at managing slow down and decline whilst not being good at distributing rewards to those who contribute most.

The two will not easily meet in the middle much like two opposing magnets working to repel each other.

We will go round in circles, unable to apply common sense which in it self is an elusive attribute to many.

Pure capitalists seem to have accepted what they were taught and cherish it as if there is no alternative without asking the question if it exists at all in its pure form, much like the utopian socialist beliefs which are similar to pies in the sky. Neither exist.

:rolleyes:
 
 
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