ARM Financial Results Show Its Muscle, Nixes Apple Takeover Rumors

ARM holdings, the nifty British chipmaker rumored to be the object of Apple's affections, has released a sparkling set of financial figures--and poured water on the rumors surrounding it and the Cupertino Gang. Profits have almost doubled in the first quarter of this year, and it's shipped an incredible 1.4 billion of its RISC chips.

Chief Executive Warren East is, naturally, ebullient about these results--a 98% profit is never to be sniffed at, nor a 20% increase in sales--and he singled out