Having sat back and waited, you have eloquently articulated that which makes the potential Apple purchase of ARM "interesting".

I'm not too sure if the following is tongue-in-cheek:

Even if, as you say, it's all about the "infringing chips", how, as a practical matter, is that deal going to have any effect on PTSC or the price of its stock?

but either way, licensing. Unless, if/when Apple license, there is no associated effect on the stock price.

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Be well