This has proven to be quite a week for Imagination Technologies. Just days after it was revealed that Apple has taken a 3.6 percent stake in the U.K. chip designer–whose PowerVR mobile graphics components are now expected to figure prominently in future iPhones, Intel raised its own stake in the company to 3.04 percent. And it said in a filing with the London Stock Exchange that it will consider an outright acquisition of Imagination if another bid should emerge.
Now Intel (INTC), which already held a 2.9 percent stake in Imagination, insists “it has no current intention to make an offer for Imagination Technologies.” And clearly, it would prefer Apple (AAPL) not to make one either. Why else would it raise its stake in the company less than 48 hours after news of the Mac maker’s investment?
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size. 11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
This has proven to be quite a week for Imagination Technologies. Just days after it was revealed that Apple has taken a 3.6 percent stake in the U.K. chip designer–whose PowerVR mobile graphics components are now expected to figure prominently in future iPhones, Intel raised its own stake in the company to 3.04 percent. And it said in a filing with the London Stock Exchange that it will consider an outright acquisition of Imagination if another bid should emerge.
