Any ideas why price has decreased so dramatically recently?

Buy something tidy gf , these are crap.

June 20 (Reuters) - Imagination Technologies Group PLC IMG.L :
* Credit Suisse raises target price to 275p from 250p; rating underperform
June 20 (Reuters) - Imagination Technologies Group PLC IMG.L :
* Investec cuts target price to 340p from 395p; rating hold
LONDON, June 19 (Reuters) - Imagination Technologies
IMG.L , the British chip designer whose graphics technology is in smartphones from Apple AAPL.O and Samsung 005930.KS , reported lower full-year profits as licensing slows.
The British company, which licenses its designs to chipmakers and receives a royalty on every unit shipped, has lost business it had expected from customers such as Texas Instruments TXN.O and ST Ericsson as the smartphone market consolidates around a few big players.
It warned last month that the shift would hurt license revenues this year and next, leading to sharp profit forecast downgrades from analysts.
"The number of players in that segment has reduced over the last few months, there have been winners and losers," Chief Executive Hossein Yassaie said in an interview on Wednesday.
Its competitor ARM ARM.L has also been winning market share in graphics in smartphones, mobile computers and digital TVs.
But Yassaie said the company would retain a strong position in what was still a growing smartphone market, both at the top end, where Imagination is strong, and at the lower end.
Analysts had raised concerns that Apple, which holds a 8.7 percent stake in Imagination, could opt for a cheaper chipset from Qualcomm QCOM.O for a possible low-end iPhone, rather than designing its own processor.
Yassaie said he was confident that the major smartphone players would stay loyal: "I would be very sceptical of people who believe that customers will change an ecosystem on the back of that sort of issue.
"A lot of our customers have the technology and ability to target different price points with our technology."
Yassaie is targeting markets like televisions, and, in the longer term, wearable technology. Its designs are in Google Glass, the computer with a display on a pair of glasses.
But for the next year, Yassaie is sticking to guidance of licensing revenue of 30 million-35 million pounds.
Analysts in May said the forecast indicated that the company was undergoing more than a short-term blip in licensing.
"We would rather take a cautious approach than be very aggressive," Yassaie said. "It is possible we do better than that, but we stand by that guidance."
Imagination posted adjusted pretax profit of 34.3 million pounds ($53.5 million) for the year to end-April, down from 36.8 million, on revenue up 19 percent to 151.5 million pounds.
Shares in the group, which fell 27 percent after the profit warning, were trading up 3 percent at 314.5 pence by 1052 GMT.
"Given the weakness of the stock into this update, arguably a set of results in line with the trading update should be sufficient to support the stock," analyst James Goodman at Investec said.

Yep above post by shortie appreciated.

Warrants a close watch though I reckon, although WLF may be a better bet at the moment.

New three year low . these are going to hit 200p soon.

Bad day for them stems from Apple speculation.

SP hit the "buffers" big time are we looking at 200p?

Falling licensing revenues from the initial sales of designs to manufacturers is why these shares are down. The highend smartphone market is cooling, thats why you see the likes of Apple well off highs now as the market hits saturation. The midrange and budget smartphone market is where the competition is now.

Looks like MM's have been caught with their pants down.

Grasping both ankles I reckon Hali..

Boom, Samsung has decided to switch from IMG's GPU and has picked ARM for its latest graphics applications... With the slowdown in Apple this looks good now for a short play.

Just wondering if we have hit a bottom here?. Certainly been some very positive news coming out from Apple over last couple of weeks. Stake building and win over Samsung.

To buy or not to buy?...... you guys have any thoughts? Update....bought in.

Yeah don't do it ... update : too late :-)

Bit of profit taking today but still on course for recovery.

Not a bad bit of profit for some! Not me, I forgot to buy when I should have!

Well done kim you won ... always made more shorting these perennial under performers.

Licensing Agreement http://www.moneyam.com/action/news/showArticle?id=4667808

Up nearly 9% at the mo!

Interim Manangement Statement

Plop !

What you doing up this early -):

Watch for the short term bounce with these.

No cricket :-)