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

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.....

Buys and sells appear incorrect. Many of the reported sells would seem to be buys. Still very small volumes for price movement.

Anybody buying out there? If so why? I still hold some from earlier buy, but would expect a further nose dive.

VIEWS. It has been a bad day.

A week of rises, has this been over sold and now startsthe long road to recovery??

The price says yes but the volumes say no to me. Watching and Waiting with TLC.

No one seems to mention the court case they are involved in?

Trewinney You interest me. Please give details of court case involvement.

That is if you have any support for you inference.

Fred I new,
They have ongoing litigation with Cirrus Logic (USA co)over patent rights,with a decision expected this year.They have already spent a considerable amount of money defending this case,

I've just bought at between 1 and 1.05.....think they will go north, fidelity have just upped their stake and the shares wont fall below 1 - it's the sentiment of a 3 number vs 2 number figure.imho....

.found this today..
Wolfson says US court ruling on Cirrus Logic patent case to have no effect
AFX


LONDON (AFX) - Wolfson Microelectronics PLC, the supplier of high performance mixed signal semiconductors, said a US court has ordered a limited exclusion order against the company in the Cirrus Logic Inc patent case, but said this will have no effect on its business.

The company, which is maintaining its current full year revenue guidance, said the limited exclusion order for three of its audio digital-to-analogue converter products bars importation of these products to the US, covers standalone products and does not extend to end products that incorporate the Wolfson devices.

The company said the findings will have no effect on its business as two of the three affected products were made obsolete in early 2004 due to lack of market demand and the third product was modified to remove the disputed feature.

The court also ruled that Cirrus' US Patent No. 6, 492 and 928 is unenforceable and as such, no restrictions were imposed.

The initial determination is subject to review by the full Commission of the US International Trade commission, which is expected to issue its final decision on Feb 14, 2005, the statement added.

newsdesk@afxnews.com

ra

Taken gain of just under 20% on purchase of 11th October - quite happy for the next man to have a bit...