News

TechMARK movers: Emblaze confident in its prospects

26 June 2008 13:38:00

Shares in Emblaze advanced after the Israeli tech firm said it does not know of any reason for the recent decline in its share price, adding that it remains confident in the group and its prospects.

"Each of the group's innovation activities, relating to the investments made by the group in in-house technology research and development of future wireless and cellular products, is making significant progress towards fulfillment of their goals and objectives in terms of technological capabilities as well as market exposure," said the group.

"The group believes that its investment in these innovation activities creates assets that will generate significant value in the future," it added.

Imagination Technologies was still doing well after the system-on-chip designer said yesterday that it has a strong pipeline of prospects after major deals with the likes of Texas Instruments, NEC and Intel helped lift it into the black last year.

The company, which is changing its year-end, announced pre-tax profits of £1.9m in the 13 months to 30 April 2008, compared with a pre-tax loss of £2.3m in the 12 months to 31 March 2007.

Revenue grew to £60m from £48.1m, an increase of 15.3% on a pro-rata basis. Revenue in the technology business was £29.9m (£27.6m pro-rata), up from £21.7m last year, while sales from the PURE digital radio business rose to £30.2m (£27.8m pro-rata) from £26.3m a year earlier.

FTSE TechMARK - Risers
Ardana (ARA) 7.75p +16.89%
Imagination Technologies (IMG) 73.25p +6.93%
Emblaze (BLZ) 38.00p +6.29%
Parity Group (PTY) 24.00p +4.35%
BTG (BGC) 176.75p +3.67%
Skyepharma (SKP) 6.51p +3.50%
Gresham Computing (GHT) 62.00p +3.33%
E2V Technologies (E2V) 269.50p +3.26%
Innovation Group (TIG) 16.00p +3.23%
Elan Corporation (ELA) € 21.78 +2.16%

FTSE TechMARK - Fallers
Endeavors (END) 1.40p -6.67%
BATM Advanced (BVC) 52.50p -5.41%
Corin Group (CRG) 160.00p -5.33%
Plasmon (PLM) 4.75p -5.00%
Axis-Shield (ASD) 296.00p -3.90%
Filtronic (FTC) 74.25p -3.26%
Thus Group (THUS) 152.00p -2.56%
Alphameric (ALM) 19.75p -2.47%
Acambis (ACM) 115.25p -2.33%
Axon Group (AXO) 444.50p -2.20%

All data suppied by Digital Look (15 minute delay)




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