Wednesday, September 26, 2012

postheadericon Imagination Technologies falls 10% on worries about partner Texas Instruments' plans

Comments United States Conference suggested group had planned to leave the smartphone and tablet markets, reaching gains Fantasy

Despite a disappointing profit warning Shanks and sales growth Domino pizza, the biggest faller in the FTSE 250 is chip designer

Imagination Technologies

The company fell 53.4pa 466.6p, a drop of 10%, after the associated long Texas Instruments suggested in an investor conference during the night was the reorientation of investments outside the market smartphones and tablets. James Goodman Investec said:

This is clearly a material negative imagination, environmental risks, apparently coming to the forefront. We believe that this could affect up to 20% of group profits (on a pro forma basis) base over time, and place our target price under review.




said the conference was not clear about the plans for Texas Instruments, but reports indicate that emerging markets


An article in the Financial Times suggests that the revenue of this division of Texas is approximately $ 900 million. Take a royalty rate of about 1.5% maximum exposure imagination suggest about 10 million pounds. It will not disappear immediately (and could win again through potentially other accounts), but we expect that a significant proportion of the devices could increase to Qualcomm, Nvidia and others using their own graphics chips or those which are members of arms. £ 10 million or about 12% of the estimated turnover Stock Technology 2013 (pro forma) and approximately 20% of group profits.


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