Imagination Technologies (OTCPK:IGNMF), a leading developer of GPU IP for mobile processors, enjoyed a robust run from ~$2.50/share to about $12/share as the firm found its low power graphics IP at the heart of system-on-chip designs from the likes of Apple (NASDAQ:AAPL), Texas Instruments (NASDAQ:TXN), Samsung (OTC:SSNLF) and Intel (NASDAQ:INTC). Unfortunately, ARM Holdings (NASDAQ:ARMH), the principal vendor of CPU IP for these mobile system-on-chip vendors, finally brought to bear the fruits of its acquisition of 3D graphics chip designer Falanx with its own low power "Mali" GPU.
These designs managed to rapidly gain market share in the low power SoC arena, particularly as ARM could provide a turnkey...
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