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Imagination Tech CEO steps down; warns of operating loss

Mon, 08th Feb 2016 07:13

LONDON, Feb 8 (Reuters) - Imagination Technologies,a supplier of graphics technology to Apple, said itschief executive Hossein Yassaie had quit, departing as theBritish company warned it would not make an operating profitthis year.

Non-executive director Andrew Heath had been appointedinterim chief executive, the company said on Monday, adding thatit would take steps to cut operating costs, including the saleof its loss-making digital radio business Pure.

(Reporting by Paul Sandle; editing by Kate Holton)

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