Golddog
- 23 Jan 2003 13:39
Socrates
- 21 Aug 2003 18:06
- 1929 of 23498
Jeff
Are you talking literally or in metaphor?
hightone
- 21 Aug 2003 20:58
- 1930 of 23498
I am here and i hold IQE old socs have done since 4p (-: get in this will be be s very soon things are sounding good there and all their competors have gone to the wall.
HT.
s take a look at CRX that could really fly any time now and (within 4 weeks) (-:
hightone
- 21 Aug 2003 21:45
- 1931 of 23498
IQE could be coming out the other side
Published: 13:30 Wed 20 Aug 2003
By Joanne Wallen, Associate Editor
Email to a friend | Printable Version
Semiconductor wafer maker IQE has had a torrid time of late but there are early signs that activity is picking up and the fourth quarter onwards should show much needed signs of improvement.
Shares (IQE) are up 1.875p or 17% to 12.875p. Citywire highlighted the shares as a risky bet in March at 2.75p since when they are up more than three and a half times. We also pointed out that shrewd investor Paul Curtis had emerged with a small stake in the company at 3p, which he later told Citywire he had bought in a moment of madness.
Well that moment may not have been quite that mad after all.
Drew Nelson, IQE's chief executive told Citywire that if the company was not exactly seeing green shoots, it was certainly seeing a lot more interest and having prospective customers qualify its products with a view to future use.
He said: 'I don't expect this to show in the third quarter to September, but revenues should start to flow through in the fourth quarter and beyond.'
Today the company reported a 3% increase in sales for the second quarter to June to 5 million, although for the half-year sales were still down 16% on last year at 10 million. Operating losses before goodwill were 2.9 million for the quarter, 6.2 million for the half, down from 10.4 million last time.
Nelson said that revenues had been pretty much flat for two or three quarters but this hid an underlying increase in volumes, which had been offset by pricing pressures, and dollar exchange rates.
The company has four main businesses. Its US business makes wafers for chips for mobile phones. Nelson said this was picking up nicely. It was impacted by the Sars (Severe Acute Respiratory Syndrome) virus, but is now making good progress with the suppliers to the major handset manufacturers. He said the new colour screen phones and those with cameras built in were prompting people to upgrade their phones, thus driving demand. Nelson expects this business to reach cash breakeven in the first quarter of next year.
In Europe, the optical communications business was the hardest hit in the past couple of years. The company therefore developed a strategy to switch away from reliance on this market, and has developed new products for high power laser applications such as welding in the automotive sector, cutting DVD's and LED displays. Nelson said revenues have not yet picked up in this business, but again he expects some of the customer qualifications to translate into real revenues by the fourth quarter.
The wafer technology business provides the base materials to the other three businesses, and is very near to break even on a cash basis.
The strained silicon business could be the division with the greatest growth potential in the future. Strained silicon is a next generation product for making smaller, faster computer chips, and it could potentially be adopted by all of the major chip makers, including AMD, IBM, Infineon and Intel, although Intel tends to manufacture everything itself. Nelson said the company demonstrated strained silicon at a major industry show recently, and it was very well received.(continued...)
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2003 Citywire
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Semiconductor wafer maker IQE has had a torrid time of late but there are early signs that activity is picking up and the fourth quarter onwards should show much needed signs of improvement.
...continued from page 1
IQE's business is as an outsourced supplier of wafers, and Nelson believes there is an increasing move towards outsourcing in the semiconductor industry.
The company had 10.7 million of cash at the end of June, down from 13.5 million a year ago.
Nelson said he was pretty confident that the company would reach profitability within its existing resources.
Citywire Verdict:
IQE has its cash and some tough cost-cutting to thank for having weathered one of the worst downturns in semiconductor history. In particular, anyone that bet the bank on the optical telecoms sector (think Marconi), is lucky to be around at all.
IQE is still likely to have a tough year or so ahead, but the signs do seem to be more positive, and the strained silicon business could turn out to be a future goldmine.
If you caught the lows and were in for a very quick profit, there should be some to take now but if you want a share of IQE's better times and are prepared for a risky ride for the next twelve months, hold.
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2003 Citywire
Need i say any more old socs ??.
HT.
vasey
- 21 Aug 2003 22:12
- 1932 of 23498
Hope you've kept a bottle at the back of the chiller, Socs!
hightone
- 21 Aug 2003 22:16
- 1933 of 23498
he did but Hic i found it (-:
vasey
- 21 Aug 2003 22:20
- 1934 of 23498
ALL of it????!!!
hightone
- 22 Aug 2003 14:51
- 1935 of 23498
Yes all of it and they will more to follow old socs i hope you bought some IQE they are flying now (-:
HT.
Socrates
- 22 Aug 2003 16:56
- 1936 of 23498
Hello Vasey, you must have forgotten that secret supply that only you and I know about. There's a tun of the stuff in there (and that's not a spelling mistake!).+4.5p today!
HT
No, I didn't get into IQE, all my spare dosh is wrapped up in DYS. I took the advice of someone who knows all about Bollinger Bands and his prediction came to pass.
hightone
- 22 Aug 2003 17:35
- 1937 of 23498
came to pass on what and are you up on it ?? they was tun of the stuff just a few kilos now.
(-:
HT.
Socrates
- 22 Aug 2003 18:40
- 1938 of 23498
hightone
His prediction was a breakout on the upside for DYS, it achieved 18.5p rise yesterday and another 4.5p today. So far I am 29% ahead. Add to that divi 4.1p/share due on 1st Sept.
You will never empty that tun, it's connected to a very deep champers well, the only on in the UK.
hightone
- 22 Aug 2003 20:34
- 1939 of 23498
Old socs could you ask them for view on IQE and CRX based on that bolinger bottle chart cheers have a good weekend
HT.
Ps good luck.
vasey
- 22 Aug 2003 21:34
- 1940 of 23498
Socs: another great day for DYS - and I found the secret stash of bubbly, thanks!
Re-read the accounts again this evening, in preparation of the Great Trip North next Friday. All good stuff. It may take 3-5 years before the real money starts coming in - but this week has been a good start.
Cheers!
Socrates
- 22 Aug 2003 23:28
- 1941 of 23498
Hightone
IQE is past it for the best Bollinger indication. It showed the typical narrowing of the bands before the breakout. If I had seen it before the break I would definitely have been in at the start. Momentum looks good so far and there is talk on another BB that it could go way up. 10 was mentioned but I think that is wishful thinking, still, who knows?
I had a look at CRX myself, learner that I am, but I didn't see the same narrowing of the bands that IQE had. The bands are narrowing a bit and the indication is it's been a bit oversold. I'll keep an eye on it and if anything looks interesting I'll let you know.
Vasey
I'm very pleased you found the bubbly, DYS deserves it. I've been trying hard to think of a question for the AGM but can't think of anything intelligent. I suppose I would really like to know more about their efforts and prospects with Carolite. That could be huge volumes if it goes into full production for hard disks.
jeffmack
- 23 Aug 2003 09:58
- 1942 of 23498
Morning, lovely day for the dentist
hightone
- 23 Aug 2003 10:43
- 1943 of 23498
Cheers old socks what was the other bb you saw 10 mentioned as you say whishful thinking but you never know (-:
HT.
Socrates
- 23 Aug 2003 10:48
- 1944 of 23498
Jeff
Sharecrazy I believe. The site is down at this minute so can't get in to confirm it. Are you working?
For your info, I am into Bollinger Bands as an buy/sell indicator. One of the best indicators I've seen so far. Have a look at PHP and EXD.
EXD due a break, but not sure if it is to the upside, I think it is but a bit of a gamble.
PHP just breaking to the upside now, may be able to get in for a quick profit on Tuesday unless I see anything better.
jeffmack
- 23 Aug 2003 16:31
- 1945 of 23498
Socs
No work today. Had Dentist lunch time...ouch
Socrates
- 23 Aug 2003 16:34
- 1946 of 23498
Jeff
Would you care to rephrase that?
jeffmack
- 23 Aug 2003 16:54
- 1947 of 23498
Socs
She is rather sweet, but she only want me for my teeth. I have been dashing around getting wifes birthday pressie for tomorrow and getting food and drink for a BBQ for 20. What you been up to?
Socrates
- 23 Aug 2003 17:11
- 1948 of 23498
Jeff
Walked into town, it is sweltering here, had lunch in Waitrose. Nothing but the best here! Apart from that, been wading through charts by the dozen. I've been using Bigcharts Java, fantastically fast. No sooner selected than Bingo! The chart is there. As per usual I have nothing planned and I will stick rigidly to my plan. Updated anti-virus, updated Windows ME, all exciting stuff isn't it?