Project Aardvark. Presentation to the Board of Directors January 29, 2010. Table Of Contents. Executive Summary3 Aardvark Valuation5 Potential Acquisitions11 Process Recommendations16 Appendix19. Executive Summary. Executive Summary.
Presentation to the Board of Directors
January 29, 2010
Discount Rate: 12.5%
Terminal EBITDA Multiple: 7.0 x
Model Uses “Base Case” Financial Projections
Mid-Year Convention Used For PV Of Cash Flows
Tier 1 Acquisition Candidates
Tier 2 Acquisition Candidates
John CornishEVP, Systems
Ian DrewEVP, Marketing
Antonio VianaEVP, Sales
Headquarters: Cambridge, UK
ARM Holdings is a supplier of semiconductor intellectual property and components of digital electronic products. It designs and licenses intellectual property rather than manufacturing and selling semiconductor chips, and it licenses its IP to a wide network of hardware, mobile, and networking companies. It also provides tools to optimize system-on-chip designs.
Electronic Arts, LSI Logic, Microsoft, National Semiconductor, Nokia, NVIDIA, Rambus, Real Networks, Samsung, and Toshiba.
Research In Motion designs the BlackBerry smartphone and creates solutions for the worldwide mobile communications market, including a variety of software for the BlackBerry device. In addition to its line of BlackBerry devices, the company also provides enterprise server software to support businesses using the device.
Research In Motion
AT&T, Brightstar, Digital China, GPXS, Hewlett-Packard, IBM, Skype, Sprint, Tata Indicom, T-Mobile, Verizon, Virgin, and Vodafone,