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

Expecting these to make solid gains this week.

cheers GF.

Nice start to the week and in the blue.

cheers GF.

Moving on up higher.

cheers GF.

plenty more in this GF.

Yup I think so aswell azhar, cheers GF.

From Zak Mir TA specialist.

Wolfson (WLF.L):
I have a few golden rules as far as shares are concerned. One of them is never follow a newspaper tip and another is never to buy on the day after a tip. Luckily for bulls of Wolfson I regard such rules as made to be broken and the backdrop for the stock following the October profits warning makes it very appealing indeed. The main hook line is that 10% of the groups earnings come from iPod maker Apple and this is only just being factored into the share price. Those who can afford a stop loss below the 50 day moving average at 119p on an end of day close basis could be exposed to quite a sharp June resistance line breakout towards an October resistance target of as high as 180p. This would easily fill the gap down on the warning of that month.




cheers GF.

In the blue again azhar and fellow wolfers, would be nice if Zaks TA does come about and we get a move up to 180p.

cheers GF.

Some news here to really get the heart pumping....................

SUNEXCLUSIVE 14/12/04

Paystation



Watch the Birdie ... portable changing handsfor 500




A BRITISH company is one of the likely winners from SONYS new PlayStation Portable.
Sun City can reveal that a chip designed by WOLFSON MICROELECTRONICS is in every single device.

And the Edinburgh-based company earns a $1 royalty payment for each Playstation sold.

The gizmos went on sale in Tokyo on Sunday and thousands of fans queued through the night to get their hands on one.

The Playstation Portable will go on sale in Europe in Spring.

But it is already changing hands on internet auction site EBAY for 500, though the retail price in Japan is around 106.

Sony expects to sell half a million Playstation Portables in Japanese stores alone before the end of 2004.



Wait for it ... queues on launch day



As well as games, the device can play music and video files, potentially making it a rival to APPLES iPod, which also includes a Wolfson chip.

Wolfson, led by chief executive David Milne, yesterday refused to confirm its chips are being used by Sony.

But a stock market source said: This is real proof they can make a breakthrough in the mobile handset market something investors previously doubted. The shares rose 2.5p to 128

cheers Gf.

Flying nearlly up 11% now.

cheers GF.

Heres proof its been confirmed it is a WLF chip.



Its the inside of the new playstation handheld. The chip on the bottom-right that has the letters "WM" is wolfson's chip.

cheers GF.

There you are WM on the chip top.

cheers GF.

Moving ahead nicely again.

cheers Gf.

GF

How far up do you see it going?

MS

This could recover a lot of the lost ground of earlier in the year.

MS

MS - yes it could, but on the other hand if China is flattening out still, and gains wil evaporate as they have twice before.

For the long term, it is a winner but patience is needed.



After all, the whole world eats chips!

Especially Hary Ramsdens, superb. MS, keep watching as ever no target given.

cheers GF.

Looking forward to more gains tomorrow.

cheers GF.

Another storming day.

cheers GF.

Another gem GF well done.

MS

Cheers Mickey, hoping we get some coverage in tip sheets etc. See Hamworthy is doing well today aswell. NICE.

cheers GF.