When your IP gets the boot, AAPL boots IMG
WoW.Imagination Technologies (IMG) dropped about 70% over the last day or so as Apple says that they will no use IMG’s graphics processing (GPU) technology much longer. The stock dropped from a high of about $300 US to a low of $76. It dropped $180 in today’s trading, stabilizing at about $90. You might have an issue when the largest company in the world says they don’t intent to buy your products much longer, especially…