Team Internet Share News (TIG)

Property and insurance software group Innovation dropped despite saying that full-year pre-tax profit is expected to be within the range of market forecasts. 'Despite reduced claims volumes, customer retention has been good and the pipeline remains strong. Recently announced wins help underpin revenues for 2009 and importantly provide a solid base moving into 2010,' said the group.Innovation also announced that Jane Hall has been appointed as finance director with immediate effect. Chip designer Arc International is recommending a £25.2m cash bid from US semiconductor intellectual property firm Virage Logic. The 16.25p a share investors will receive is a 38% premium to the price traded a day before the UK firm announced it had received an approach back in July. Virage has received irrevocable undertakings to accept the offer from shareholders owning almost 51% of the company, plus CFDs equivalent to a further 5.2%.FTSE TechMARK - FallersInnovation Group (TIG) 10.75p -10.42%DRS Data (DRS) 14.50p -9.38%Oxford Biomedica (OXB) 11.00p -8.33%Alterian (ALN) 141.00p -3.42%Imagination Technologies (IMG) 153.00p -3.16%BATM Advanced (BVC) 40.75p -2.98%Ark Therapeutics (AKT) 52.00p -2.80%Alphameric (ALM) 30.25p -2.42%Sepura (SEPU) 45.00p -2.17%Sinclair Pharma (SPH) 25.50p -1.92%FTSE TechMARK - RisersGresham Computing (GHT) 40.50p +12.50%Parity Group (PTY) 15.75p +8.62%E2V Technologies (E2V) 53.50p +4.39%Renovo Group (RNVO) 31.00p +3.33%ARC International (ARK) 16.00p +3.23%Psion (PON) 80.50p +3.21%Triad Group (TRD) 42.00p +2.44%Corin Group (CRG) 60.50p +1.68%Vernalis (VER) 93.00p +1.64%Kofax (KFX) 150.00p +1.35%