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Friday, June 26, 2009

Apple Ups Stake in iPhone Chip Firm

iphonesApple put some of the vast $28 billion in cash and short-term investments it has socked away to good use this week by raising its stake in Imagination Technologies. The $5.16 million investment nearly triples Apple’s original 3.6 percent stake, giving it 9.5 percent ownership of the British chip designer whose PowerVR graphics technology figures prominently in the iPhone and iPod touch.

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About John

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 »

Ethics Statement

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.

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