Mediatek6 Jun 2014 10:41
Imagination Technologies Group PLC (IMG:LSE): Last: 257.70, up 22.3 (+9.47%), High: 263.40, Low: 234.10, Volume: 1.72m
BE
It’s obvious to say that there’s a big short in there, though not as big as it was.
BE
About 10% of shares in issue now. Amec’s now more heavily shorted.
BE
And it’s had a big rally post the Mediatek presentation
BE
Which was on … Tuesday afternoon, was it?
BE
Key news that everyone missed, because they were moping about the lack of an Apple iWatch, was the Meditek’s making a security camera chip running IMG’s MIPS core.
BE
Which is quite significant, given MIPS was of rather questionable value when IMG bought it.
BE
And Mediatek’s one of Arm’s biggest customers.
BE
It’s a big win for Imagination, and an unexpected one, and I’m not too surprised to see them rally.
BE
Even if it’s taken a couple of days.
http://ftalphaville.ft.com/marketslive/2014-06-05/
Surprised we have not had RNS from the BoD?