ARM Holdings Blowing Up Today (ARMH)

Shares of ARM Holdings ARMH are skyrocketing today, up nearly 13% on heavy volume. At last check, ARM had already traded 11 million shares, which is more than three times its average daily volume. There has been plenty of speculation that Intel INTC, which is set to report earnings tonight, may take them over, and it looks like the market is giving some credence to these rumors today. Microsoft MSFT recently announced that it would open Windows to run off ARM based chips. RBC put out a note this morning that Apple' AAPL iPad has led to the integration of ARM chips into other devices, and prompoted Microsoft to break the long standing, "Wintel" alliance. RBC went on to say that ARM has no presence in the desktop and notebook markets, and could be a huge boost for shares, as the company needs to be revalued based off this potential.