IMG Break out

We live in interesting Times!:



January 01, 2004

Tempus

A hard act to follow, but here goes with our tips for 2004 . . .
By Robert Cole

Imagination Technologies is another of the risky picks. It designs the silicon chips that have grabbed 80 per cent of the emerging digital radio market. It also makes digital radios, under the market-leading PURE brand, although this activity is just intended to help to fire enthusiasm for the new-age radio sets. This year about 500,000 digital radios are expected to be sold in the UK, against 200,000 a year ago. Imagination should come close to breaking even in the year to March, even though at the half year it lost £3.6 million on sales that were up by 127 per cent at £13.1 million. With £6.4 million of net cash in the bank at the last count, it has no immediate financial worries.