Imagination Technologies

Apple and Intel have been increasing their stakes in London-listed Imagination Technologies (IMG.L). Why? It appears that IMG's technology is currently at the center of the hi-tech world. It's Power VR technology has been used to both power Apple's 3G iPhone and Intel's Atom processer for netbooks. Imagination seems to be nicely capturing some of the fastest growing areas of tech right now.

The battle over Imagination has been an escalating battle between Apple and Intel since December of last year when Apple took a 3.6% stake in Imagination. Back then, Intel then quickly followed suit and bought 3%, but let expanded this beachhead to a whopping 16% just earlier this week. Within days, Apple came in againe and upped their stake to 9.5% in response.

Take a look at this chart of Imagination below. Shares have recently spiked on the news, obviously, but it should be noted that Apple's latest purchase price averaged only 142.75 pence, pretty close to where the shares now trade. (142 pence as per the LSE)