Welcome!

Premium Services
- My Services
- None
- Other Services
- Champion Funds
- Duke Street
- Global Gains
- Hidden Gems
- Income Investor
- Inside Value
- Million Dollar Portfolio
- Motley Fool Options
- Motley Fool Pro
- Pay Dirt
- Ready-Made Millionaire
- Rule Breakers
- Rule Your Retirement
- Stock Advisor
- *Get a Fool Credit Card

Help Join Now or

Updated: 11/6/2009 4:05 PM					Sponsored by:
	DOW	10023.42	17.46	0.17%
	S&P 500	1069.30	2.67	0.25%
	NASD	2112.44	7.12	0.34%

Apple raises stake in UK chip designer Imagination

By Associated Press
June 26, 2009 | Comments (0)

Recs

0

British chip designer Imagination Technologies PLC said Friday that Apple Inc. has raised its stake in the company to 9.5 percent after buying stock on the market and through a share placement made by the company.

Imagination made no comment on the stake increase beyond the requirement that it report the crossing of the 8 percent threshold to the London Stock Exchange.

Apple uses Imagine technology for the graphics in the iPhone and the iPod Touch.

Recent moves by both Apple and U.S. chipmaker Intel Corp. to lift their share holdings in the company _ Intel now has a 16 percent stake _ kicked off takeover speculation, driving Imagination's share price up earlier this week.

However, it succumbed to profit-taking on Friday as no offer emerged, trading down 4.7 percent at 136 pence ($2.24).

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 929399, ~/Articles/ArticleHandler.aspx, 11/9/2009 5:26:00 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.