Ashraf Eassa
Long/short equity, contrarian, independent research, tech

ARM Makes Life Even Tougher For Imagination

It's very difficult to see a stock begin to "work" as it did with Imagination Technologies (OTCPK:IGNMF) before some potentially thesis-killing news hits. While I had originally believed that MIPS' IP - under Imagination's wing - would continue to thrive in its core markets, particularly as the uncertainty of MIPS' future from a technological standpoint became more certain, it seems that this is no longer the case. With the recent announcement from Broadcom (BRCM) that it would be moving its high performance networking chips to the ARM (NASDAQ:ARMH) architecture going forward, it is likely that this is a start of a very worrying trend for Imagination's MIPS hopes.

MIPS Owns A Sizable Chunk Of The Comms...

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