Wolfson

I've seen shares fall on good results before but this is just silly!

Surely this has got to be a buying opportunity!

Financial Highlights

Revenue increased by 94% to $56.9m (H1 2003, $29.3m)
Gross margin improved to 50% (H1 2003, 46.4%)
Profit before tax increased by 123% to $9.3m (H1 2003, $4.2m)
Diluted earnings per share increased 94% to 5.77c (H1 2003: 2.98c)

Operational Highlights

158 design wins in the period
9 new products introduced in the period
Continued strong uptake of products by major OEMs
Increased sales in Japan and Korea to 29% of group turnover
31 new technical and commercial staff

Equity View: Buy IMI at 355.5p - Great Portland Estates at 297.25p - Wolfson Microelectronics at 100.5p - C&C Group at 17.35 - P&O at 268p (Look who's Trading)

Taking Stock with Edmond Jackson: Follow your own nose to make profits (Wolfson Electronics)

ARM Holdings added 1-3/4 pence to 87 after the UK chip designer posted stronger-than- forecast third-quarter results and repeated its revenue growth guidance for the full year.

IBM rose 3.8% as analysts gave a positive review of its Q3 performance.

In a boost for the battered chip sector, Texas Instruments posted Q3 earnings and sales which handily beat Street estimates. Some analysts noted that its outlook for Q4 sales was guarded at a decline of 6% to a rise of 2%. Others were more positive over the indications of late quarter demand at the company. Texas Instrument shares soared 8% to $22.79.

All positive stuff today and some massive buying along with high volume. Hopefully we should start to see some recovery in WLF.

read this thread got a few pointers

1. down 57% from high
2. profit growth est 50-55% from 79% [imagine the sp without est cockup]
3. fidelity the best special situation fund for years own a massive chunk
4. drop comes in 3's [i'm no chartist but that has happened]
5. good news from intel/ibm
6. pi's rushing back in
7. imho looks good !


cheers d

I'm still not sure about point 4. I hold at an average of 180+ so I have a long way to go to even out. if the saying 'profit warnings come in 3s' is true then there is one more to go !

ahzar, the market is expecting a third warning before Xmas, BUT it is already priced in. The word is that if they can give an upbeat outlook with the warning (if iit materialises) then the stock is heading north.
Right now, every bit of bad news that has come & is to come (possibly) is heavily priced in.

If this hits 80 to 85p then I'm interested.

If it gives another profit warning & drops way below 80p then I'm definitely interested.

The market will overeact to another profit warning.

Down again because

Panmure Gordon reiterates sell.

Thursday October 28, 03:00 PM
New Reference Design from Zeevo Featuring Wolfson Audio Codec Gives Manufacturers a Fast Track to CD-Quality Wireless
SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 28, 2004--

Untethered MP3 Players, Wireless Speakers and Stereo Headphones

Expected to Dominate CES This Winter

Asian and other original device manufacturers (ODMs) that desire to catch the next
wave in lifestyle entertainment products will appreciate a new reference design from Zeevo using Wolfson audio CODECs that will enable them to design and introduce wireless stereo headsets, speakers or wireless MP3 players that feature true CD-quality sound -- well in time for the winter Consumer Electronics Show (CES). With the availability of these new products, based upon a new generation of low-cost quality audio Bluetooth wireless transceiver chips from Zeevo, coupled with Wolfson's celebrated single-chip CODECs, consumers will be able to dispense with the wires that have until now tethered their stereo headphones to the MP3 players on their arms and waists, or their high-quality speakers to their entertainment centers.

"This could be one of the hottest new trends that we see at CES this year," said Dr. David Milne, CEO of Edinburgh-based Wolfson Microelectronics, a world leader in high-performance mixed-signal chips. "Wolfson is delighted to be part of one of the first solutions to offer high quality wireless audio."

A reference design is a sample electronics circuit design that shows engineers how to utilize the latest developments in microchips in their own products. Using a reference design as a base, it is possible today for a device manufacturer to incorporate a new technology into existing designs in a few weeks, and have products available to ship not long after. The designs use the ZV4301 Zeevo Bluetooth ARM7-based microcontroller chip to process and transmit stereo data via the Bluetooth wireless standard, and any of Wolfson's WM8731, WM8711, WM8955 audio CODECs to perform audio coding and decoding, digital to analog and analog to digital conversions, and filtering.

"This is a real breakthrough for device manufacturers," said Jalil Shaikh, president and CEO of Zeevo. "Wireless audio in personal entertainment products has not previously been offered, because of an inability to meet the consumer's expectations for quality. Wolfson has solved the problem on the audio CODEC side, and we have solved that on the wireless side. What we are assuring is that the consumer will have an uncompromising, CD-quality audio experience, and that wires to headsets and speakers will become a thing of the past."

According to Shaikh, the reference design provides full CD-bandwidth, up to an 87dB signal-to-noise ratio (SNR), and receiver sensitivity of -86dBm. The Wolfson CODECs provide 98dB SNR in the DACs, which provides for excellent "total audio chain" performance.

The reference design is available from Zeevo today.

About Wolfson Microelectronics

Wolfson Microelectronics plc is an award winning, fabless semiconductor company based in Edinburgh, UK. Wolfson develops and markets high performance mixed signal semiconductors for multimedia and communications applications worldwide. The company currently has sales offices in the USA, Japan, China, Taiwan and Korea.

For more information contact: Wolfson Microelectronics plc, Westfield House, 26 Westfield Road, Edinburgh, EH11 2QB, United Kingdom, Tel: +44 (0) 131 272 7000, Fax: +44 (0) 131 272 7001. Web: www.wolfsonmicro.com.

About Zeevo

Zeevo is a leading-edge semiconductor provider that designs and markets "system-on-a-chip" (SoC) lifestyle wireless products for use in consumer electronics products ranging from cellular phones to MP3 players to personal computers to loudspeakers. Zeevo's latest wave of products uniquely solve the problem of high quality audio over Bluetooth -- increasingly in demand as the wireless movement floods over in to headsets, stereo headphones, and loudspeakers. The company pioneered the concept of "Sound Design for Bluetooth(TM)," a quality, reliability and convenience benchmark for Bluetooth audio that includes high-quality audio, interference-free co-existence with 802.11 wireless, dynamic mode switching for convergence applications, and fail-soft out-of-range behavior.

Zeevo Bluetooth platforms integrate analog, digital, and radio-frequency (RF) circuitry, as well as memory and a programmable ARM7 processor, on a single-chip built using highly cost-effective, standard CMOS technology. Zeevo's chips are delivered in design- and manufacturing-friendly packages that incorporate all RF components, and are accompanied by Zeevo's advanced ZSound(TM) algorithms, CODEC interfaces, and operating software. This results in quality Bluetooth audio solutions that are distinguished by small size, low cost, low power consumption and ease of integration by OEMs and ODMs into market-leading end products.

Zeevo supports open, industry-standard development tools, and an easy-to-use application program interface (API) and development environment on its Bluetooth platforms, which enable customers to easily customize their solutions and deliver differentiated products.

Zeevo was founded September 1999 in Silicon Valley by industry veterans. Investors in the privately-held company include Sequoia Capital, Raza Venture, Focus Ventures, WK Technology Fund, Institutional Venture Partners (IVP), CDIB, Winbond, and Capital Group Companies.

Editors' Note: All trademarks and registered trademarks are those of their respective companies.

Additional background information is available at www.roeder-johnson.com.

http://uk.biz.yahoo.com/041028/183/f5hxr.html

any views on 3% lift today plenty of buys- dafrer

Monday November 1, 06:00 PM
Wolfson Launches High-End Stereo Audio ADCs for Professional and Prestige Consumer Markets

SAN DIEGO & EDINBURGH, Scotland--(BUSINESS WIRE)--Nov. 1, 2004--Mixed-signal IC specialist Wolfson Microelectronics plc today launches a new family of high-performance 24-bit stereo ADCs for high-performance recordable media devices, such as recordable
DVD Players and personal video recorders, and A/V amplifiers, as well as high-end sound cards and studio-audio processing equipment.

Utilizing advanced mixed-signal techniques in multi bit sigma-delta design, and a proprietary cascade topology, WM8780/1/5/6 maximize signal to noise ratio, up to 111dB, resulting in clean, accurate sound in compact and convenient surface mount packages. A choice of single-ended or differential analog inputs allows designers to achieve an optimal balance of audio performance, system cost and design effort. Both input-types are available in hardware and software controllable variants.

The WM8780 and WM8781 have single-ended inputs and achieve signal-to-noise ratio of 107 dB and total harmonic distortion -98dB. Designed with differential inputs, the WM8785 and WM8786 reach 111 dB SNR and a total harmonic distortion -102 dB.

Capable of 24-bit high-resolution sampling at frequencies from 8 kHz to 192 kHz, the digital output audio word length is configurable from 16- to 32-bit and delivered as a PCM output. Wolfson's proprietary low-order modulator minimizes jitter effects, and a selectable high pass filter is available to remove residual DC offsets. The devices support a TDM bus, providing designers with extra flexibility to build advanced audio processing equipment, including complex multi-channel studio equipment or surround sound systems.

The WM8780 is packaged in a very low pin-count 16-pin SOIC for optimum board space utilization and low number of interconnects. WM8781, WM8785 and WM8786 are available in small outline 20-pin SSOP packages.

Availability

The WM8780, WM8781, WM8785 and WM8786 are available now in volume quantities priced at $1.53, $1.62, $1.85 and $1.90 (U.S.) respectively in quantities of 10,000.

http://uk.biz.yahoo.com/041101/183/f5q76.html

Another assault on 110 seems imminent

Buys to sells fairly even. Volume smallish. I already hold WLF (Bought to high at the time of initial drop after resukts, but I would not buy any more for the time being. I still think there is another drop comming. If it hits 80-90 may buy. I think the graph does not show any signs of real trend change. W/s. I don't mind being wrong.

You are not the only one Fred1new. I also bought in @ 180+ but will not average down yet. Like I'm waiting...

More sells than buys. Price up. Bit odd. Unless MM collecting shares for somebody.

I bought in today for the first time.
wlf seemed well oversold and seemed like there were many sitting on the side line waiting for it to level out.
Seems a great company just finding its true level.

Or could it be prime for takeover?

great link for wlf- industry website from cfj

http://www.electronicstalk.com/news/wol/wol000.html

good luck - dafter

Wolfson Microelectronics PLC
08 November 2004


Wolfson Press Announcement of s.198 Notification

Wolfson Microelectronics plc (the 'Company')
8 November 2004

Section 198 Notification

The Company was notified on 5 November 2004 by Fidelity Investments on behalf of
FMR Corp.(''FMR'') and its direct and indirect subsidiaries (which includes
Fidelity Management & Research Company ('FMRCO') and Fidelity Management Trust
Company ('FMTC')) and on behalf of Fidelity International Limited ('FIL') and
its direct and indirect subsidiaries (which includes Fidelity Investment
Services Ltd ('FISL') and Fidelity Pension Management ('FPM')), pursuant to
Section 198 Companies Act 1985 that its interest in the Company has increased to 15,260,370 ordinary shares in the Company ('Shares'), representing 14.11% of the issued share capital of the Company

BSU% 25/66/9% and yet the price doesn't go south. V.ODD
Are the MMS accumulating for another Trust etc.?

i hope so.....