By Steve Moore | Thursday 26 May 2016
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Imagination Technologies (IMG) has updated that “the group's underlying performance, before one-off items, has continued to be broadly in line with expectations, as stated in the announcement published on 17 March 2016… (though overall performance) materially below market expectations, as a result of one-off System-on-Chip design services revenue contract adjustments and bad debt write-offs on two specific customers”. Hmmm…
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