Parthus Technologies said today it remained on track to meet profit forecasts for the second quarter of the year.
In a statement released this afternoon Parthus said: "The company does not currently foresee any material change in expectations over the short term and is unaware of any operational reason for the recent sharp decline in the company's share price."
The company's results for the second quarter are due to be announced on July 24th.
At 2.27 p.m. Parthus shares were up 7.5p or 13 per cent at 47.75p, well off its 52-week peak of £4.08 achieved at the height of the dotcom boom last year.
