Imagination Will Benefit From Intel, Broadcom Share Gains

Ashraf Eassa, Seeking Alpha
Dec. 29, 2013

It is my belief that shares of Imagination Technologies (OTCPK:IGNMF) are meaningfully undervalued. While the shares are down on near-term weakness (in particular, the slowing growth in high end handsets and share-loss at the lower end of the GPU IP market), it is my belief that the shares are at or close to a bottom and will trade meaningfully higher over the next 6-12 months. While you can find my full thesis here, there is one particular aspect of the Imagination story that I would like to focus on that could prove to be the long-term "game changer" from a market share/unit perspective, at least in its core graphics business.

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