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IMAGINATION TECHNOLOGIES, Priming Itself For Another Run. (IMG)
goldfinger
- 18 Feb 2004 17:34
Theres a vast amount of research on this company so instead of my normal layout I will just copy the chairmans statement from the last results 30/09/2003, plus give a note on what it does.
About Imagination Technologies
Imagination Technologies Group plc - a leader in SoC IP - develops, licenses and
supplies market-leading graphics/video cores, real-time multi-threaded DSP/RISC
processors and communication and broadcast technologies for the consumer
entertainment and PC markets. It supplies both licensable IP (Intellectual
Property) and related advanced development tools to leading semiconductor and
consumer electronics companies worldwide. Imagination Technologies Group plc has
its corporate headquarters in the United Kingdom and is publicly traded on the
London Stock Exchange (FTSE:IMG). See:
www.imgtec.com
Chairman's Statement
During the first half the environment that we operated in has been tough but
improving steadily. The free fall in the semiconductor market that bottomed out
in 2002 has begun to reverse, although somewhat slowly. The total monthly chip
volume across the industry has increased by around 20% compared to the lows of
2002. However, price pressures have been a key feature with average selling
prices across the industry only stabilising in recent months. This has improved
sentiments in the industry but has resulted in a degree of cautiousness and slow
decision-making. Overall, the industry appears to have begun its upturn, which
will encourage R&D investment by the semiconductor companies.
Imagination has continued to make real progress implementing its strategy to
create and market a comprehensive portfolio of System-on-Chip (SoC) silicon
Intellectual Property (IP). We have said in the past that this IP is a vital
strategic investment for us, which we have made at a particularly difficult
period in the industry. It enables us to provide a complete spectrum of SoC
designs for applications including digital radio, digital television, mobile and
handheld devices. The pedigree of our designs is demonstrated best by the
quality of the partners which we recently brought on board including Intel, TI,
Sharp and Renesas and which have resulted in an increase of 37% in technology
revenues in the first half compared to the same period last year.
This year, we are aiming to achieve five major license deals. Since the end of
the first half, we have concluded a wide-ranging licensing deal with Frontier
Silicon. Alongside this licensing and development deal, Frontier Silicon, our
partner in DAB ICs and modules, also announced that Apax Partners and Alta
Berkeley have provided significant investment to reinforce its position in DAB
and build the resources needed to accelerate its continued growth into new
markets. Imagination holds a 17% equity stake in Frontier Silicon and under the
new deal will receive licence and development fee payments, in addition to loan
stock in Frontier Silicon up to a value of 1.25 million. We have many other
serious licensing negotiations in the areas of mobile, digital TV, in-car, PC
graphics, and amusement in progress and we expect a number of these to conclude
during the second half.
As expected, royalty revenues in the first half, while growing, have been modest
with only one major SoC, namely the Chorus digital radio device shipping in
volume. We expect around five devices in total to have reached the production
stage by the end of the current financial year.
Turning to our systems business we have enjoyed stunning success in the first
half year with our range of Digital Audio Broadcasting (DAB) products. As a
result the revenues from our systems business amounted to 7.6m in the six
months, an increase of over 300% compared with the same period last year. This
success has not only been instrumental for developing the DAB market but it has
also positioned our PURE brand as the market leader in this exciting new field.
Financial Results
In the six months ended 30 September 2003, group revenue was 13.1m, an increase
of 127% (2002: 5.8m). Gross margins were 51%, with gross profit at 6.6m
(2002: 3.9m). Our sales and administration expenses excluding goodwill
amortisation have increased by 13% on last year. We have increased our
expenditure in research and development by 26%. We continue to invest in
research and development as it creates future revenues and supports our growing
customer base. The loss before tax excluding goodwill amortisation has declined
from 4.1m for the first half last year to 3.1m for the current year. Our loss
before tax was 3.6m (2002: 4.6m) after goodwill amortisation. The tax charge
in the half has benefited by 0.4m from a Research and Development tax credit,
which netted off against withholding tax incurred on overseas earnings has
resulted in a net tax credit of 0.2m in the half year.
Our balance sheet is strengthened as a result of the placing of 8.5 million
shares in July, representing 5% of the issued share capital. This raised 4.4m
in cash to give additional working capital until the royalty stream starts to
accelerate in the middle of 2004. There was an operating cash outflow during the
half of 3.4m and, after allowing for a 1.4m capital spend mainly in
state-of-the-art design tools and computer equipment for our engineers, our cash
at the end of September was 6.4m (March 2003: 6.1m). We also have a 3m
overdraft facility in place.
We currently have in excess of 12m of committed business which we expect to
recognise as revenue in the second half, of which approximately 5.5m will be
technology revenues. This is significantly ahead of where we were at the same
time last year.
Summary and Outlook
In our IP business the first half has presented an improving, but still tough,
marketplace for our offerings. We continue to attract the interest of high
calibre licensees but a number of potential transactions have moved into our
second six months.
Our current success in the DAB market has been outstanding with a broadening
range of products now entering the market. We are very optimistic about our DAB
market share across all manufacturers in general and the prospects for PURE
products in particular during the upcoming Christmas season.
Overall, our financial performance in the second half will remain primarily
dependent on licensing revenues. In this respect we are encouraged by the
significant pipeline of prospects but, as always, accurately predicting the
timing of deal closures is difficult. As an increasing number of chips
encompassing our IP move into the production phase during the next twelve months
we look forward to earning significant royalty incomes and having a relatively
lesser dependency on licensing income.
During the past two years of deep recession in the semiconductor industry
Imagination's Board determined to pursue an investment led strategy. In the
process, we have significantly expanded our range of IP and our customer base.
With the marketplace now beginning to show real signs of recovery we believe
firmly that this strategy will be vindicated.
The commitment and hard work from our highly capable staff has been and will
continue to play a crucial part in our progress. I would like to use this
opportunity to thank them. I would also like to thank our shareholders for their
continued support.
cheers gf.
Please DYOR and you are responsible for your buying and selling timing actions.
About Imagination Technologies
Imagination Technologies Group plc - a leader in SoC IP - develops, licenses and
supplies market-leading graphics/video cores, real-time multi-threaded DSP/RISC
processors and communication and broadcast technologies for the consumer
entertainment and PC markets. It supplies both licensable IP (Intellectual
Property) and related advanced development tools to leading semiconductor and
consumer electronics companies worldwide. Imagination Technologies Group plc has
its corporate headquarters in the United Kingdom and is publicly traded on the
London Stock Exchange (FTSE:IMG). See:
www.imgtec.com
Chairman's Statement
During the first half the environment that we operated in has been tough but
improving steadily. The free fall in the semiconductor market that bottomed out
in 2002 has begun to reverse, although somewhat slowly. The total monthly chip
volume across the industry has increased by around 20% compared to the lows of
2002. However, price pressures have been a key feature with average selling
prices across the industry only stabilising in recent months. This has improved
sentiments in the industry but has resulted in a degree of cautiousness and slow
decision-making. Overall, the industry appears to have begun its upturn, which
will encourage R&D investment by the semiconductor companies.
Imagination has continued to make real progress implementing its strategy to
create and market a comprehensive portfolio of System-on-Chip (SoC) silicon
Intellectual Property (IP). We have said in the past that this IP is a vital
strategic investment for us, which we have made at a particularly difficult
period in the industry. It enables us to provide a complete spectrum of SoC
designs for applications including digital radio, digital television, mobile and
handheld devices. The pedigree of our designs is demonstrated best by the
quality of the partners which we recently brought on board including Intel, TI,
Sharp and Renesas and which have resulted in an increase of 37% in technology
revenues in the first half compared to the same period last year.
This year, we are aiming to achieve five major license deals. Since the end of
the first half, we have concluded a wide-ranging licensing deal with Frontier
Silicon. Alongside this licensing and development deal, Frontier Silicon, our
partner in DAB ICs and modules, also announced that Apax Partners and Alta
Berkeley have provided significant investment to reinforce its position in DAB
and build the resources needed to accelerate its continued growth into new
markets. Imagination holds a 17% equity stake in Frontier Silicon and under the
new deal will receive licence and development fee payments, in addition to loan
stock in Frontier Silicon up to a value of 1.25 million. We have many other
serious licensing negotiations in the areas of mobile, digital TV, in-car, PC
graphics, and amusement in progress and we expect a number of these to conclude
during the second half.
As expected, royalty revenues in the first half, while growing, have been modest
with only one major SoC, namely the Chorus digital radio device shipping in
volume. We expect around five devices in total to have reached the production
stage by the end of the current financial year.
Turning to our systems business we have enjoyed stunning success in the first
half year with our range of Digital Audio Broadcasting (DAB) products. As a
result the revenues from our systems business amounted to 7.6m in the six
months, an increase of over 300% compared with the same period last year. This
success has not only been instrumental for developing the DAB market but it has
also positioned our PURE brand as the market leader in this exciting new field.
Financial Results
In the six months ended 30 September 2003, group revenue was 13.1m, an increase
of 127% (2002: 5.8m). Gross margins were 51%, with gross profit at 6.6m
(2002: 3.9m). Our sales and administration expenses excluding goodwill
amortisation have increased by 13% on last year. We have increased our
expenditure in research and development by 26%. We continue to invest in
research and development as it creates future revenues and supports our growing
customer base. The loss before tax excluding goodwill amortisation has declined
from 4.1m for the first half last year to 3.1m for the current year. Our loss
before tax was 3.6m (2002: 4.6m) after goodwill amortisation. The tax charge
in the half has benefited by 0.4m from a Research and Development tax credit,
which netted off against withholding tax incurred on overseas earnings has
resulted in a net tax credit of 0.2m in the half year.
Our balance sheet is strengthened as a result of the placing of 8.5 million
shares in July, representing 5% of the issued share capital. This raised 4.4m
in cash to give additional working capital until the royalty stream starts to
accelerate in the middle of 2004. There was an operating cash outflow during the
half of 3.4m and, after allowing for a 1.4m capital spend mainly in
state-of-the-art design tools and computer equipment for our engineers, our cash
at the end of September was 6.4m (March 2003: 6.1m). We also have a 3m
overdraft facility in place.
We currently have in excess of 12m of committed business which we expect to
recognise as revenue in the second half, of which approximately 5.5m will be
technology revenues. This is significantly ahead of where we were at the same
time last year.
Summary and Outlook
In our IP business the first half has presented an improving, but still tough,
marketplace for our offerings. We continue to attract the interest of high
calibre licensees but a number of potential transactions have moved into our
second six months.
Our current success in the DAB market has been outstanding with a broadening
range of products now entering the market. We are very optimistic about our DAB
market share across all manufacturers in general and the prospects for PURE
products in particular during the upcoming Christmas season.
Overall, our financial performance in the second half will remain primarily
dependent on licensing revenues. In this respect we are encouraged by the
significant pipeline of prospects but, as always, accurately predicting the
timing of deal closures is difficult. As an increasing number of chips
encompassing our IP move into the production phase during the next twelve months
we look forward to earning significant royalty incomes and having a relatively
lesser dependency on licensing income.
During the past two years of deep recession in the semiconductor industry
Imagination's Board determined to pursue an investment led strategy. In the
process, we have significantly expanded our range of IP and our customer base.
With the marketplace now beginning to show real signs of recovery we believe
firmly that this strategy will be vindicated.
The commitment and hard work from our highly capable staff has been and will
continue to play a crucial part in our progress. I would like to use this
opportunity to thank them. I would also like to thank our shareholders for their
continued support.
cheers gf.
Please DYOR and you are responsible for your buying and selling timing actions.
goldfinger
- 23 Feb 2004 15:22
- 20 of 71
Brokers note just out from Killik and CO.....................
IMAGINATION TECHNOLOGIES ; New license agreement
Last week, we highlighted the technical position on Imagination Technology with its share price breaching the 80p barrier to the upside. No sooner had it broken through the stock rose by 20% to finish on Friday at 96p. Today, the company has delivered some news to support that move.
The company, which designs ‘system-on-chip’ property for the semi-conductor industry to drive higher quality 3D applications has announced that Renesas Technology (a joint venture between Hitachi and Mitsubishi and one of the largest semi-conductor companies in the world) has become a licensee.
Renesas will be using the designs for a ‘powerful and sophisticated; next generation car information system and the graphics component will drive the navigation system.
What is it worth to Imagination? Up front, there will be a license fee which is un-disclosed but typically, these are in the $1-2 million range for a full system on chip design. The real action comes in the royalties where Imagination receives a sum per unit sold. Initially,these products will be targeted at the top end of the range vehicles but over a five year period will become more of a standard feature. A royalty stream in the 50c to a dollar range can be assumed.
Overall, this is a long term application for Imagination and positions them strategically into an important large market with an industry leader. We remain positive.
cheers GF.
IMAGINATION TECHNOLOGIES ; New license agreement
Last week, we highlighted the technical position on Imagination Technology with its share price breaching the 80p barrier to the upside. No sooner had it broken through the stock rose by 20% to finish on Friday at 96p. Today, the company has delivered some news to support that move.
The company, which designs ‘system-on-chip’ property for the semi-conductor industry to drive higher quality 3D applications has announced that Renesas Technology (a joint venture between Hitachi and Mitsubishi and one of the largest semi-conductor companies in the world) has become a licensee.
Renesas will be using the designs for a ‘powerful and sophisticated; next generation car information system and the graphics component will drive the navigation system.
What is it worth to Imagination? Up front, there will be a license fee which is un-disclosed but typically, these are in the $1-2 million range for a full system on chip design. The real action comes in the royalties where Imagination receives a sum per unit sold. Initially,these products will be targeted at the top end of the range vehicles but over a five year period will become more of a standard feature. A royalty stream in the 50c to a dollar range can be assumed.
Overall, this is a long term application for Imagination and positions them strategically into an important large market with an industry leader. We remain positive.
cheers GF.
goldfinger
- 23 Feb 2004 21:26
- 21 of 71
sweenio1 - 23 Feb 2004 23:01 - 22 of 71
tonights after the bell news that Texas Instruments(TI) has included IMG MBX AND VPG into both their new OMAP 2 chips for future wireless devises is nothing less than sensational
TI own this market and as an example will ship somewhere like 350-400million chips to the mobile phone makers per year(70%of market)
So when 3G comes along and the new generation of mobile phones are released they are likely to contain TO chips and that will now mean IMG royalties per phone in the $milllions and millions :-)
remember of course IMG also supply MBX to Intel Renesas ARM and Samsung!!!! so its now the defacto standard and has a stranglehold on wireless hardware 3D
The best explanation of IMG technology is by Rob Evans on iii
here is his super summary tonight on iii
enjoy!!
This is without doubt the most important day in IMG's history. At last they have their IP in a mass-market product - and how! I'm sure all here know that TI dominate the world market for mobile phone chips. Now their latest architecture, OMAP 2, has been launched, with both introductory devices including the MBX and VGP.
(As a side note, the VGP is IMG's Vertex Geometry Processor that performs 3D Transformation and Lighting - see http://www.powervr.com/Products/Graphics/MBX/index.asp?Page=3. This saves loading the CPU with these calculations, and of course IMG will receive royalties for this as well as for the MBX.)
The big surprise to me was that TI included the MBX/VGP on both the introductory OMAP 2 devices. Usually the first chips in a new architecture are the basic devices, with the bells and whistles added to future chips. The fact that TI has included the MBX/VGP in both of the first chips could well mean that they intend to make the MBX/VGP a standard feature of OMAP 2.
I think it is entirely reasonable to extrapolate previous TI market domination to come to the conclusion that the OMAP 2 chips will sell in the several tens of millions per annum range. As IMG will receive a royalty for each chip, you can see why I think that this is the most important day in IMG's history to date.
It surely can't be long now before the financial analysts do a few sums and realise just how much IMG stands to make from this technology. And this is just one licensee - we have Intel launching the Carbonado shortly, with Dell already signed up to use it in their Axim PDA. Then there is the other big news today, of the DAB module for mobile phones - another potentially massive market. Then there is the Renesas car SoC also announced today, and the Sammy SoC due any time now. And there are three other MBX licensees demonstrating the MBX at 3GSM, and Logie also due any day now, and a DVB-S chip under development, and the IP Sharp is using, and etc. etc.
The share price has gone up sharply recently, but is IMO still a complete joke when you look at what IMG have achieved in terms of licensees and chips that we know about, and especially in terms of the potential that is there for everyone to see.
Rob.
cheers all
dave
ps
have a look at the TI link for these new processors :-)http://focus.ti.com/docs/general/splashdsp.jhtml?&path=templatedata/cm/splashdsp/data/omap2
TI own this market and as an example will ship somewhere like 350-400million chips to the mobile phone makers per year(70%of market)
So when 3G comes along and the new generation of mobile phones are released they are likely to contain TO chips and that will now mean IMG royalties per phone in the $milllions and millions :-)
remember of course IMG also supply MBX to Intel Renesas ARM and Samsung!!!! so its now the defacto standard and has a stranglehold on wireless hardware 3D
The best explanation of IMG technology is by Rob Evans on iii
here is his super summary tonight on iii
enjoy!!
This is without doubt the most important day in IMG's history. At last they have their IP in a mass-market product - and how! I'm sure all here know that TI dominate the world market for mobile phone chips. Now their latest architecture, OMAP 2, has been launched, with both introductory devices including the MBX and VGP.
(As a side note, the VGP is IMG's Vertex Geometry Processor that performs 3D Transformation and Lighting - see http://www.powervr.com/Products/Graphics/MBX/index.asp?Page=3. This saves loading the CPU with these calculations, and of course IMG will receive royalties for this as well as for the MBX.)
The big surprise to me was that TI included the MBX/VGP on both the introductory OMAP 2 devices. Usually the first chips in a new architecture are the basic devices, with the bells and whistles added to future chips. The fact that TI has included the MBX/VGP in both of the first chips could well mean that they intend to make the MBX/VGP a standard feature of OMAP 2.
I think it is entirely reasonable to extrapolate previous TI market domination to come to the conclusion that the OMAP 2 chips will sell in the several tens of millions per annum range. As IMG will receive a royalty for each chip, you can see why I think that this is the most important day in IMG's history to date.
It surely can't be long now before the financial analysts do a few sums and realise just how much IMG stands to make from this technology. And this is just one licensee - we have Intel launching the Carbonado shortly, with Dell already signed up to use it in their Axim PDA. Then there is the other big news today, of the DAB module for mobile phones - another potentially massive market. Then there is the Renesas car SoC also announced today, and the Sammy SoC due any time now. And there are three other MBX licensees demonstrating the MBX at 3GSM, and Logie also due any day now, and a DVB-S chip under development, and the IP Sharp is using, and etc. etc.
The share price has gone up sharply recently, but is IMO still a complete joke when you look at what IMG have achieved in terms of licensees and chips that we know about, and especially in terms of the potential that is there for everyone to see.
Rob.
cheers all
dave
ps
have a look at the TI link for these new processors :-)http://focus.ti.com/docs/general/splashdsp.jhtml?&path=templatedata/cm/splashdsp/data/omap2
goldfinger
- 24 Feb 2004 08:36
- 23 of 71
Off to a good start, lerts hope it can be maintained.
cheers GF.
cheers GF.
Grandma - 24 Feb 2004 09:00 - 24 of 71
goldfinger, you seem to be interested in most stocks posted, so I ask you- would it be helpful to all if the price was mentioned each time? Also useful later when looking back?
deckshair - 24 Feb 2004 09:24 - 25 of 71
Thanks grandma. I for one would find it helpful.
goldfinger
- 24 Feb 2004 16:22
- 26 of 71
Imagination Technologies Group PLC
24 February 2004
Imagination Technologies Group plc
TEXAS INSTRUMENTS ANNOUNCES OMAPTM 2 DEVICES UTILISING POWERVR MBX GRAPHICS CORE
Imagination Technologies Group plc ('Imagination Technologies'), the leading
provider of multimedia and communication intellectual property ('IP'), reports
that Texas Instruments Incorporated ('TI') has announced its new OMAPTM 2
architecture for 2.5 and 3G mobile phones at 3GSM World Congress in Cannes,
France. The first two devices based on the OMAP 2 architecture - the OMAP2410
and OMAP2420 stand-alone application processors - incorporate the PowerVR MBX
core licensed from Imagination Technologies. TI has announced these processors
will be available this year.
Under the terms of its licensing arrangements Imagination Technologies receives
royalty revenues on devices incorporating Imagination Technologies' IP shipped
by partners, in addition to license fees.
About Imagination Technologies
Imagination Technologies Group plc is an international IP licensing company that
develops, licenses and supplies market-leading 2D/3D graphics, digital video,
digital signal processing, audio and speech technologies for the consumer
entertainment and PC markets. It supplies both licensable IP (Intellectual
Property) and advanced development tools to leading semiconductor and consumer
electronics companies worldwide. Imagination Technologies Group plc has its
corporate headquarters in the United Kingdom and is publicly traded on the
London Stock Exchange (FTSE:IMG). See:
www.imgtec.com
.
cheers GF
24 February 2004
Imagination Technologies Group plc
TEXAS INSTRUMENTS ANNOUNCES OMAPTM 2 DEVICES UTILISING POWERVR MBX GRAPHICS CORE
Imagination Technologies Group plc ('Imagination Technologies'), the leading
provider of multimedia and communication intellectual property ('IP'), reports
that Texas Instruments Incorporated ('TI') has announced its new OMAPTM 2
architecture for 2.5 and 3G mobile phones at 3GSM World Congress in Cannes,
France. The first two devices based on the OMAP 2 architecture - the OMAP2410
and OMAP2420 stand-alone application processors - incorporate the PowerVR MBX
core licensed from Imagination Technologies. TI has announced these processors
will be available this year.
Under the terms of its licensing arrangements Imagination Technologies receives
royalty revenues on devices incorporating Imagination Technologies' IP shipped
by partners, in addition to license fees.
About Imagination Technologies
Imagination Technologies Group plc is an international IP licensing company that
develops, licenses and supplies market-leading 2D/3D graphics, digital video,
digital signal processing, audio and speech technologies for the consumer
entertainment and PC markets. It supplies both licensable IP (Intellectual
Property) and advanced development tools to leading semiconductor and consumer
electronics companies worldwide. Imagination Technologies Group plc has its
corporate headquarters in the United Kingdom and is publicly traded on the
London Stock Exchange (FTSE:IMG). See:
www.imgtec.com
.
cheers GF
goldfinger
- 24 Feb 2004 16:29
- 27 of 71
Hi grandma, deckshair, it could be done but then I would be found to be breaching FSA Rules and regulations, please remember this is not meant to be a tip sheet/board it is meant to be a diary of my activities were I share thoughts and ideas with other like minded posters like yourselves.
Theres a very thin dividing line.
cheers GF.
Theres a very thin dividing line.
cheers GF.
ajren - 24 Feb 2004 16:39 - 28 of 71
I never trade technology.However,this one makes me re-think.
rgds aj
rgds aj
Grandma - 24 Feb 2004 20:43 - 29 of 71
I didn't realize rules could be broken by stating the price when posting. It just seemed helpful to know rhe price when looking back at the story. Thanks for the message.
Grandma - 24 Feb 2004 21:09 - 30 of 71
Another thought- I meant everyone posting (if they have access to prices) not just you GF.
sweenio1 - 24 Feb 2004 21:23 - 31 of 71
3+ license deals YET to be announced by 31/3/04
5+ were promised at the AGM(I was present)
I have spoken to IMG numerous times and they are confident of delivering these deals!! :-)
Ther WILL be a trading statement in March.....what a joyful scribe that will be
The earnings potential of the announcements this week are HUGE and fall 100% to the bottom line as they are IP royalties :-)
MBX RULES wireless 3D
slaes in the tens of millions from late 2004-2005 and we aint heard anything yet of IMG advance in flat panel/plasma screen digital TV which is likely to be a successful as the wireless phone solution
Then theres IMG's total domination in DAB
Then theres their total domination in Arcade/video slots
then theres their total domination in DMB(digital mutimedia broadcasting)
new price target for Xmas....250p........easy peasy
regards
Dave
5+ were promised at the AGM(I was present)
I have spoken to IMG numerous times and they are confident of delivering these deals!! :-)
Ther WILL be a trading statement in March.....what a joyful scribe that will be
The earnings potential of the announcements this week are HUGE and fall 100% to the bottom line as they are IP royalties :-)
MBX RULES wireless 3D
slaes in the tens of millions from late 2004-2005 and we aint heard anything yet of IMG advance in flat panel/plasma screen digital TV which is likely to be a successful as the wireless phone solution
Then theres IMG's total domination in DAB
Then theres their total domination in Arcade/video slots
then theres their total domination in DMB(digital mutimedia broadcasting)
new price target for Xmas....250p........easy peasy
regards
Dave
goldfinger
- 24 Feb 2004 23:54
- 32 of 71
A broker note out from Killik and Co this lunchtime, was so busy I missed it.
IMAGINATION TECHNOLOGIES – Amendment and new announcement
Just a quick amendment to yesterday’s piece which referred to the Renesas deal as a new
license. This license was in fact signed last year and the announcement of the product
yesterday was purely the fruits of this agreement. Royalties will be received by
Imagination for chips shipped by its partners.
Overnight, at the Cannes 3GSM World Congress gathering, Texas Instruments made an
important announcement which affects Imagination and ARM. Texas, as the world leading
chip manufacturer, announced the new OMAP 2 architecture which will be available for 2.5
and 3G mobile phones. Designed into this architecture is the ARM 11 core and the
Imagination MBX graphics chip and its Vertex Geometry Processor. The OMAP 2
architecture will allow features such as high resolution digital cameras, camcorders and
3D gaming to available on the mobile phone.
This is a big win for Imagination, and whilst no official statement has been made by the
company, it demonstrates their technology is being made available into high volume
markets. The stock trades up 7p to 99p in early trade and look good for further gains.
cheers GF.
IMAGINATION TECHNOLOGIES – Amendment and new announcement
Just a quick amendment to yesterday’s piece which referred to the Renesas deal as a new
license. This license was in fact signed last year and the announcement of the product
yesterday was purely the fruits of this agreement. Royalties will be received by
Imagination for chips shipped by its partners.
Overnight, at the Cannes 3GSM World Congress gathering, Texas Instruments made an
important announcement which affects Imagination and ARM. Texas, as the world leading
chip manufacturer, announced the new OMAP 2 architecture which will be available for 2.5
and 3G mobile phones. Designed into this architecture is the ARM 11 core and the
Imagination MBX graphics chip and its Vertex Geometry Processor. The OMAP 2
architecture will allow features such as high resolution digital cameras, camcorders and
3D gaming to available on the mobile phone.
This is a big win for Imagination, and whilst no official statement has been made by the
company, it demonstrates their technology is being made available into high volume
markets. The stock trades up 7p to 99p in early trade and look good for further gains.
cheers GF.
sweenio1 - 25 Feb 2004 07:45 - 33 of 71
Another BIG day at 3GSM today and IMG are presenting at The Khronos meeting :-)
IMG WILL be earning mutimillions$$$.......2004-2005
expect a VERY UPBEAT trading statement sometime in march
cheers
Dave
IMG WILL be earning mutimillions$$$.......2004-2005
expect a VERY UPBEAT trading statement sometime in march
cheers
Dave
sweenio1 - 25 Feb 2004 14:17 - 34 of 71
wow!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
the market is waking up!!! and as I promised MIG is delivering
they have targetted MASS markets and although the R+D stage was painful the off the shelf IP they now have has major uses in all sorts of technologt from
mobile wireless phones/pda' arcade videoslot flatscreen digital TV LCD/Plasma screens DAB radio DMB broadcasting
etcetcetc
much more to come for the patient
:-)
Dave
the market is waking up!!! and as I promised MIG is delivering
they have targetted MASS markets and although the R+D stage was painful the off the shelf IP they now have has major uses in all sorts of technologt from
mobile wireless phones/pda' arcade videoslot flatscreen digital TV LCD/Plasma screens DAB radio DMB broadcasting
etcetcetc
much more to come for the patient
:-)
Dave
sweenio1 - 25 Feb 2004 17:44 - 35 of 71
BIG DAY and more to come
3 licenses are planned to be announced in March!!!-IMG are confident they will be able to deliver these before 31/3/04(5+ promised at AGM and 2 delivered already-Samsung and FS)
March will also bring a TRADING STATEMENT-last year it was on 31/3/03 and announced 2 new licenses(I of which was TI!!)
hopefully this year it will be mid-March
very dangerous to be out of these IMHO
I more than 4bagged today and have NO intentionof selling a single share till way past 200p!!!
cheers
Dave
3 licenses are planned to be announced in March!!!-IMG are confident they will be able to deliver these before 31/3/04(5+ promised at AGM and 2 delivered already-Samsung and FS)
March will also bring a TRADING STATEMENT-last year it was on 31/3/03 and announced 2 new licenses(I of which was TI!!)
hopefully this year it will be mid-March
very dangerous to be out of these IMHO
I more than 4bagged today and have NO intentionof selling a single share till way past 200p!!!
cheers
Dave
sweenio1 - 25 Feb 2004 23:05 - 36 of 71
posted this on iii earlier
relevant to hoped for license deals in the next 5 weeks
Hi folks
exciting times , what!
I contacted Susi at IMG and asked if she could comment on what's happened over the last few days and also to find out the latest position visa v the 3+ license deals outstanding from their aspirations set out at The AGM in late July 2003.
for newbies IMG stated at The AGM that they hoped to sign 5+ new licenses in the period to 31/3/04.They have so far delivered Samsung!! and a HUGE multi-license deal with Frontier Silicon(don't poo poo this deal it WAS a biggie)
I was delighted to receive a reply from our(or at least my!) hero The CEO Hossein Yassaie tonight!!
here it is
"We have reasonably high confidence that IMG can achieve 5 or more license
agreements before the end of the financial year. We are making good
progress with prospect targets and believe we will achieve our target number
of licenses. At any given time we have negotiations at different stages of
progress and while it's difficult to predict the exact timing, we are happy
with the progress we are seeing with the adoption of our various
technologies."
well you make of that what you will ;-)
I understand from my discussions with IMG that they are more than well pleased with progress(and this means NOT just the shareprice rising but progress in general)in discussion with present and future partners.
Nothing certain in life folks(my accountant dropped dead aged 46 yesterday...:-( )
Live for today , don't invest more than you can afford to loose , respect everyone and don't take life too seriously.
best wishes
Dave
relevant to hoped for license deals in the next 5 weeks
Hi folks
exciting times , what!
I contacted Susi at IMG and asked if she could comment on what's happened over the last few days and also to find out the latest position visa v the 3+ license deals outstanding from their aspirations set out at The AGM in late July 2003.
for newbies IMG stated at The AGM that they hoped to sign 5+ new licenses in the period to 31/3/04.They have so far delivered Samsung!! and a HUGE multi-license deal with Frontier Silicon(don't poo poo this deal it WAS a biggie)
I was delighted to receive a reply from our(or at least my!) hero The CEO Hossein Yassaie tonight!!
here it is
"We have reasonably high confidence that IMG can achieve 5 or more license
agreements before the end of the financial year. We are making good
progress with prospect targets and believe we will achieve our target number
of licenses. At any given time we have negotiations at different stages of
progress and while it's difficult to predict the exact timing, we are happy
with the progress we are seeing with the adoption of our various
technologies."
well you make of that what you will ;-)
I understand from my discussions with IMG that they are more than well pleased with progress(and this means NOT just the shareprice rising but progress in general)in discussion with present and future partners.
Nothing certain in life folks(my accountant dropped dead aged 46 yesterday...:-( )
Live for today , don't invest more than you can afford to loose , respect everyone and don't take life too seriously.
best wishes
Dave
ssmush - 26 Feb 2004 09:24 - 37 of 71
Writing on the wall!
Will (imho) be recommended in one of the weekend newspapers (within next 11days)
Possibly in weekly mags.
Potential and prospects are not 'pie in the sky'
Will (imho) be recommended in one of the weekend newspapers (within next 11days)
Possibly in weekly mags.
Potential and prospects are not 'pie in the sky'
goldfinger
- 27 Feb 2004 00:15
- 38 of 71
Well done DAVE. You know me under a different name on another site.
Keep up the good work, but you could be a bit more enthusiastic. Think thats given it away.
Good stuff though dave, we had a rotten day by the end up 12p at one stage and finished just up near 2p , me thinks the MMs are playing some weird games at the moment.
cheers GF.
Keep up the good work, but you could be a bit more enthusiastic. Think thats given it away.
Good stuff though dave, we had a rotten day by the end up 12p at one stage and finished just up near 2p , me thinks the MMs are playing some weird games at the moment.
cheers GF.
seawatcher - 01 Mar 2004 09:03 - 39 of 71
Watch the price and get your money ready. Small panic shakeout in action.
DYOR
sw
DYOR
sw
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