Army Tank On JNU Campus Soon? If Vice-Chancellor Gets His Way
China: India must pull back its troops amid border standoff
Danilo joins Manchester City
Spieth magic seals Open at Birkdale
Pokemon Go Fest disaster: Niantic to refund the attendees
Imagination Could See Lower Royalties from Apple as Contract Winds Down
20 April 2017, 10:19 | Patty Hardy
Royalty payments from Apple to Imagination will likely be cut to one third of the current rate as Apple winds down its supply deal with the company, reports UBS via Reuters.
Earlier this month, the British designer of graphical processing units used in smartphones said its largest customer would stop using its technology within 15 to 24 months, causing the stock to lose almost two thirds of its value in a single day. The move resulted in a 71% single-day plunge in Imagination's stock.
The prediction includes the expectation that British-based Imagination will become loss-making by 2019 without any Apple royalties to fall back on, and that the firm will have to work out a cost-cutting strategy if it is to survive.
Death toll in Aleppo bus convoy bomb attack reaches 126
The death toll from a bomb blast on a crowded Syrian bus convoy outside Aleppo has risen to almost 130, says a monitoring group. Madaya and Zabadani have been under the control of anti-government fighters but facing siege from forces loyal to the regime.
Following Apple's announcement that it expected to stop using Imagination Technologies' GPU designs in iPhones and iPads within two years, UBS has put together a forecast of the financial impact. That's where Apple might see an opportunity to move in and buy. That totals 110 pence, using a sum-of-the-parts valuation. Imagination has a market capitalization of $370 million - 2,000 times smaller than Apple's $741 billion valuation - while its stock now trades at 103.19 pence.
Apple, the world's most valuable company, commands a market capitalization of $741 billion USA that is around 2,000 times greater than Imagination's equivalent of 370 million U.S.
Apple shares closed Tuesday at $141.20 USA, very near their 52-week peak of $145.46, versus a gulch of $89.47 US, plumbed in mid-May.
Palestinians in Israeli prisons begin hunger strike
The last mass hunger strike occurred in 2014, when hundreds of prisoners protested the use of administrative detention. More than 1,000 prisoners in six Israeli prisons have joined the strike, making it one of the largest in recent years.
QUALCOMM Sees Unusually Large Options Volume (QCOM)
Mizuho restated a buy rating and issued a $75.00 price target on shares of QUALCOMM in a research note on Tuesday, April 11th. Zurich Insurance Group Ltd FI's holdings in QUALCOMM were worth $14,517,000 at the end of the most recent reporting period.
Raul Labrador faces angry crowd at town hall
The next one will be held held at Mission Aviation Fellowship in Nampa on April 24; it also starts in the evening at 6:30 p.m. The town hall was the first event of its kind to be held this year among Idaho's all-Republican congressional delegation.
Pollard injured in training as jinx returns
Pollard missed the entire 2016 Super Rugby season due to knee and shoulder injuries, but made his comeback in February. Pollard will be replaced by Tian Schoeman , with Francois Brummer who will replace Schoeman on the bench.
Man Utd midfielder Lingard: Herrera put in real shift
They are phenomenal on the counter-attack. "We expected them to start fast and we had to try and control that, and we never did". He added: "I am concerned, we have to work together and find quickly the right desire and ambition to win this title".
Most Active Volume Stock: Function(x) Inc. (FNCX)
The company's last traded volume of 2.35 million shares was more it's an average volume of 0.7 million shares. The day's total volume of 2358069 this morning is in contrast from the three-month daily average of 730.66K.
US defense secretary looks to rebuild trust in Egypt visit
The insurgency in the Sinai took off after Morsi was ousted with ISIL increasingly expanding its attacks to other parts of Egypt. On Thursday, the Egyptian military said its air force had killed 19 Islamic extremists including a top ISIL cleric in Sinai.
Teen Who Disappeared After Prom Faces Criminal Charge
The driver lost control of his auto and rolled over an embankment on Sunnyside Bench Road near the Clearwater County line. The Spokesman-Review reports 17-year-old Kristian Perez died at a Lewiston hospital after a crash Wednesday afternoon.