We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Imagination Technologies Group | LSE:IMG | London | Ordinary Share | GB0009303123 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 181.25 | 181.50 | 181.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
By Rory Gallivan
LONDON--Smartphone chip designer Imagination Technologies Group PLC (IMG.LN) Thursday announced plans to sell a large part of its business and said it has failed to make progress in a dispute with its biggest customer Apple Inc. (AAPL).
Imagination's shares tumbled in April when Apple said it plans to stop using the U.K. chip designer's technology to process graphics in its iPhones and other devices.
Imagination said Thursday that it hasn't made "satisfactory progress" with Apple on agreeing alternative commercial arrangements for the licensing and royalty agreements the two companies have.
It said it has started a dispute resolution procedure with Apple with a view to reaching an agreement through a more structured process.
The chip maker also said it plans to sell its MIPS and Ensigma businesses, which operate in non-graphics areas such as connectivity and central processing units for devices, to focus on its core graphics business. MIPS and Ensigma accounted for about a third of Imagination's revenue in its last reported results.
Imagination also said it finished the fiscal year ended April 30 strongly, with results expected to be in line with previous guidance.
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan
(END) Dow Jones Newswires
May 04, 2017 03:14 ET (07:14 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Imagination Technologies Chart |
1 Month Imagination Technologies Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions