STOCKS NEWS UK-ARM up; broker sees Google effect

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11:01GMT 10Jul2009-ARM up; broker sees Google effect

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Shares in ARM (ARM.L) gain 3 percent following news earlier this week of Google Inc's (GOOG.O) bid to compete with Microsoft Corp's (MSFT.O) windows operating system with its own Chrome Operating System, which Goldman Sachs says should help ARM-based competitors.

Goldman Sachs sees implications not only for Google and Microsoft, but also for the hardware space and semi companies such as Intel (INTC.O), ARM, and ARM-based chip providers as the Chrome OS runs on ARM as well as x86 chip.