This is worded like this because ImgTech had a duty to disclose the notice they received from Apple.
Check out what the share price did: https://www.google.com.au/search?q=LSE%3A+IMG (down 60% - looks even more dramatic in the 5-day view)
Check out what the share price did: https://www.google.com.au/search?q=LSE%3A+IMG (down 60% - looks even more dramatic in the 5-day view)
This could make the company a pretty attractive acquisition target for a competitor?
When Apple started designing their unibody Macbooks, they needed to put a hole in the aluminium for the power LED. There was only one company in the world with the equipment to make those (multiple-of-nanometers-wide) holes.
Simple solution: Apple just bought the whole company. Voila, now Apple can cost-effectively produce those holes with one less renewable contract.
This one might get interesting...
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EDIT: With the above being said, note this nearby comment: https://news.ycombinator.com/item?id=14022436
Also there were rumors about buyout talks last year, Apple commented that they "had some discussions with Imagination, but [did] not plan to make an offer for the company".
Patents belong in the garbage.
"Apple currently holds more than 8 percent of the company."
http://www.theverge.com/2017/4/3/15158982/apple-iphone-gpu-i...
Shortly after I joined the bosses decided that we were giving away too much money to the provider, so began talks for an acquisition. The provider was willing, but were asking for much more than we were offering, so the talks fell apart. As such we ended up building our own SMS gateway and switched all our traffic to that - exactly replicating their API, bugs and all, in less than a year.
As we were their main customer they ended up losing 70%+ of their revenue overnight when we switched. A couple of years later we bought them, for much less than we originally offered. Both companies at the time were private companies, but I wouldn't be at all surprised if the same happens here.
Apple just announced to the whole world that they are no longer interested in Imagnation Technologies' IP.
Announcing to the world that they were interested in Imagination Technologies after all (by acquiring them) would not only have made the prior announcement deceptive, but also (almost certainly) be considered market manipulation, given that the announcement caused a 60% drop in the stock's price.
> UK regulations on stock markets are quite tough, publicly listed companies must share information that could impact the company as soon as they can.
https://imagination-technologies-cloudfront-assets.s3.amazon...