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

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.

It just gets better, hows this for good news...........................

scotland on sunday

Sun 19 Dec 2004



printer friendly email article
Wolfson land deal to supply chips for 02 mobile phone

IAIN DEY
CITY EDITOR


WOLFSON Microelectronics looks to be due another sales boost after it emerged that one of its sound chips is powering O2s new top-selling X3 mobile phone.

Although the Edinburgh-based firm was unable to comment, industry sources said BenQ, the Taiwanese electronics giant manufacturing the phone, has just placed another large order for Wolfson chips.

The deal follows the revelation that Wolfsons technology is being used in Sonys new portable Playstation - a contract that analysts believe could be worth as much as US$15m (8m) to Wolfson in its 2005 financial year.

Dells new handheld computer and Treos latest Palm gadget are also believed to be carrying Wolfson chips.

News of the deals follows a torrid spell for the company since it floated on the stock exchange 15 months ago.

One industry source said: "Theres been a bit of doubt in the City about Wolfsons ability to crack into the market for portable devices, which is one of the next big growth areas. But here are four big portable products from big companies that have all been launched for Christmas with Wolfson chips in them."

The source added: "All the companies are bound by confidentiality clauses on these contracts, but now the products are out, you can see that there are Wolfson chips in them."

Wolfson is supplying its chips for the O2 phone through a sub-contracting deal with Cambridge-based Audiomosaic, which is supplying BenQ in turn. The phone, which incorporates an MP3 player and a video camera, is expected to be one of the big sellers in the mobile market over the next few months.

Wolfson is expected to make US$1 (51p) for every portable Playstation sold. The device was launched in Japan a week ago and will go on sale in Europe in the spring. It is being sold for about 100 in Japan, but demand is so strong that it is changing hands for five times that value on internet auction site eBay.

Although Wolfson cannot comment on the deal, analysts at Cazenove have seen a picture of the circuit board in the device, which shows the Wolfson chip in place.

Sony expects to ship 3.5 million portable Playstations before the end of Wolfsons financial year in March, and 12 million to 15 million units in each of 2005 and 2006.

Cazenoves Francois Meunier said: "We believe this will help rebuild investor confidence in the long-term prospects of the company."


cheers GF.

Why the drop today profit taking maybe? I feel sure that this will return to it's IPO price.

MS

This was the year the iPod finally took off. The original version of the digital music player had been around since October 2001, and it had repeatedly won applause for its stylish design and ease of use. But until this year, the media acclaim had run far ahead of sales.

With the iPods status as a fashion icon assured, Jobs and Apple have continued to drive sales with constant promotion and fresh innovation. This has led to the 1,000-song mini iPod even sleeker and more fashionable than its grown-up sibling, and just the right size for a girls handbag. More recently there has been the iPod photo, which besides music can store and display 25,000 pictures.

Sales have accelerated through the year, reaching 2m units and $537m in the third quarter. With many American and British teenagers putting an iPod at the top of their Christmas wish-lists, analysts are forecasting that sales in the Christmas quarter could double again to 4m units.

This growth is supported by, and is encouraging, a revolution in the music industry. Jobs was in London in June for the European launch of Apples iTunes online store, which has almost single-handedly created a market for the legal downloading of music over the internet.

Despite numerous attempts to replicate iTunes simple pricing, Apple claims it retains a 70% share of the market in legal downloads. Ten days ago the company announced that more than 200m songs had now been bought and downloaded from iTunes.

Combined, iPod and iTunes have transformed the profile of Apples business. After several years of flat sales, Apples turnover has doubled in 18 months from about $6 billion to about $12 billion


http://business.timesonline.co.uk/article/0,,8209-1415496,00.html

From the Sunday Herald:

Former glamour stock Wolfson Microelectronics will demonstrate that it is still firmly on the growth track in 2005 even if some of the numbers do not match up to the stock markets early inflated expectations.

While its customers in the DVD market may have experienced a disappointing Christmas, brokers still expect a modest profits increase to around 16m for 2004 while Evolution Securities reckon that the group could make as much as 31m in the current period.

Wolfson shares have shown signs of recovery at the current level of around 14lp down from a peak of 322p although some remain wary of its exposure to China and the Far East.