> if they can manage to invest about half a billion dollars into > ARM product development
That is not quite what is happening in this particular case:
---------- Christian Schwab - Craig-Hallum Capital Group - Analyst We spent $59 million so far. We are going to spend $60 million more, were going to spend $120 million. If they hit their milestones, were going to spend another $75 million. Which is $195 million. Is that right?
Bob Gargus - Applied Micro Circuits Corporation - SVP, CFO Yes. [...] Also to put it in perspective, all of the research that we have done of outside functions have indicated that to develop a core from scratch would be a $400 million to $500 million type of investment, minimally, and we are doing that for significantly less. ---------- http://www.sec.gov/Archives/edgar/data/711065/000119312512164604/d334600dex992.htm
