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Second NEC deal fails to revive Imagination's flagging value

Written by Sam Fountain

Thursday, 07 February 2008

Shares in system-on-chip specialist, Imagination Technology are continuing on a slow decline, despite offering news that global electronics giant, NEC has licensed a second of the Hertfordshire company's graphics cores. Imagination said that the Japanese powerhouse had extended the growing relationship between the two companies with a second licensing agreement. NEC licensed its first POWERVR SGX 535 core, which it is deploying in a single-chip system for car navigation, back in April 2006, and the new deal will give Imagination further fees and royalty revenues. The news has done little to avert the recent drop in Imagination's share value, which has dipped one per cent to 90p. Set as favorite Bookmark Email This Hits: 340 Trackback(0) TrackBack URI for this entry Comments (0) Subscribe to this comment's feed Write comment This content has been locked. You can no longer post any comment.

 

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