'Technology solutions provider' Innovision confirmed the fears flagged up in an expected autumnal profit warning by announcing a terrible set of interim figures for the six months to September. Losses increased to £1.8m on sales halved to £214,000. This would normally be a good reason for dishing out an obituary, but in this case it would be premature. The company has net cash of £6m and net assets of £6.9m, the latter being above its market capitalisation and not including any intangible assets like goodwill. Also, staff numbers have been culled by 40% to 40, with sales efforts focused away from the old toys manufacturing division into more speculative radio frequency identification markets, 'which are capable of delivering both viable short term revenues and good long-term royalty potential.' This remains to be seen, but with costs having been reduced by £1.8m, the company should be breaking even from now on. House broker KBC Peel Hunt forecasts a total loss of £1.9m for the whole year, and then a £600,000 pre-tax profit in 2003-4. As such, many of the pointers are positive and the shares could reward a speculation. High risk buy.