3D graphics specialist Videologic has announced that its losses for the first-half ended 30 September have doubled. Pre-tax losses of #2.9 million and a 25 per cent fall in turnover from #7.3 to #5.4 million compounded the company's troubles as founder and CEO Tony Maclaren revealed he was to step down after 13 years with the group. Videologic chairman Geoff Shingles expressed optimism, pointing to a #1.3 million investment from NEC and a move into specialist software and chip design.
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