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Title: Apple purchases more Imagination Post by: Alex on June 27, 2009, 01:51:48 PM Apple purchases more Imagination
Making news in the financial world today is the story of a small UK based chip designer who is being regarded by technology giants Intel and Apple as an integral investment. Imagination Technologies is based on Hertfordshire and is currently worth £240 million. They are a semi-conductor designing group which engineers chips that are found in portable devices such as laptops and smartphones. Last week, Intel purchased £20 million worth of shares ($25 million USD), increasing its stake to slightly less than 14%, and more recently increased that stake to slightly over 16%. Today, Apple announced that it is raising its stake in the company to 9.5% by purchasing 2.20 million new shares. Read full story... http://feedproxy.google.com/~r/neowin-main/~3/bTvW9Xertk0/apple-purchases-more-imagination |