I think it still is ok. From ARMHY ``04 Report they are showing ``limitations of liability`` The largest being only $3mil. If these small limitations hold true with many of their licensees, I would think the licensee is then still on the hook in a big way. As well as for non ARM chip/tech.
By the way, for those looking to short ARMHY, it looks as though they are still in a share buyback mode and the limitations of their liabilities should be further explored. IMO.
http://sec.edgar-online.com/2004/06/21/0000950103-04-000868/Section16.asp