Additional Information
Market: AIM
Sector: Software & Computer Services
EPIC: IMG
Latest Price: 200.05p  (-0.57% Descending)
52-week High: 365.70p
52-week Low: 142.20p
Market Cap: 535.60M
1 year chart More charts
Deal IMG Tax Free*
*subject to change and depends on individual circumstances.
1 day chart More charts
Advertisement
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Imagination Technologies Group
www.imgtec.com
Deal Imagination Technologies Group Tax Free* Losses can exceed
your initial deposit
*subject to change and depends on individual circumstances.

Imagination Technologies Group plc is principally engaged in the design, development and marketing of multimedia technology, and products incorporating this technology.

Imagination Technologies has a range of application-focused open standards-based intellectual property (IP) cores, including multimedia accelerators for graphics,...

Read more
Pdf

Imagination Technologies slumps after warning on profits

May 02 2013, 12:05pm Imagination's graphics technology is used in a large number of mobile communications devices.

Chip designer Imagination Technologies (LON:IMG) lost a fifth of its value on Thursday morning after issuing a profits warning.
The chips are down for the group after it warned that profits for the year to 30 April 2013 would be below market expectations – currently £34.6mln – after trimming back its guidance on licensing revenue to £27mln.

The group said it is experiencing delays in the closure of a number of deals in the sales pipeline.

Imagination expressed confidence that these are just delays, and not lost deals, and put the timing issues down to uncertainty caused by structural and organisational changes among a number of semiconductor partners across the globe.

Last year’s acquisition of MIPS Technologies, a pioneer in days gone by of chip architecture, seems to be unaffected by the timing issues, with the company saying the performance integration of MIPS remains on track, with licensing and royalty revenues in line with expectations.

For the current financial year the group is currently expecting licensing revenue to be in the range of £30m - £35m (excluding MIPS).

Meanwhile, things remain tough at Pure, its digital radio arm. The company diversified into digital audio broadcasting (DAB) some 11 years ago, but despite being touted as the next big thing, DAB has never really caught on, and looks to be left behind in a lo-fi world where consumers are happy to listen to MP3s through cheap headphones connected to their smartphones.

The group said performance in the second half of fiscal 2013 at Pure was much the same as the first half. Not for the first time, the company is tipping a much improved performance in the future for Pure, which is pinning its hopes on its wi-fi based multi-room audio distribution technology and its Internet-connected devices that will facilitate the streaming of music from sites such as Grooveshark, Spotify, Last.fm and We7.

“Despite these short-term timing issues, we continue to see growing partner engagements across our key technologies - these include a number of very significant, strategic deals,” stressed Hossein Yassaie, Imagination’s chief executive.

"The volume shipment ramp up continues apace towards our target of one billion units in 2016 (excluding MIPS) whilst the licensing pipeline remains as active, strong and sound as ever," he added.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.