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

Buys now far outweighing sells. Price getting more positive.

cheers GF.

Still in the red. Great recovery story and buys far outweigh sells.

cheers GF.

50 DMA almost crossing the 200 DMA, good buying opertunity here, me thinks....may get on board in the next few days

Just moved back in myself. Sure it would have been up today if we didnt have a lousy market all round.

cheers GF.

Added more this morning. Looks to be well undervalued.

cheers GF.

Just ticked up nice.

cheers GF.

Ticked up slightly more.

cheers GF.

WLF just starting to climb up.

cheers GF.

Moving uup nicely now.

cheers GF.

Cheers GF!


8-)

cheers for what?

Fresh air, I just love it.

Point aside though azhar WLF is looking very strong now, do you not agree.

Cheers GF.

Yes still holding mine from last times drop. Silly me never averaged down when it dropped to 1. This will be 250 soon but need to break 195 and 210 first.

Profit taking going on this morning, nice time to get in. Itl come back this afternoon.

cheers GF.

Buyers starting to move in.

cheers GF.

AFX reports that Citigroup are to step up its price target to 195 pence and reiterate its 'buy' stance, and also increased its 2005 revenue forecast to 140 mln stg from 132 mln, and its 2006 prediction to 189 mln from 180 mln.

And apparently Cazenove repeated its 'outperform' recommendation on Wolfson.

cheers GF.

Wolfson Microelectronics PLC
24 March 2005


Wolfson Microelectronics plc
24 March 2005


Cirrus Logic and Wolfson Microelectronics Settle Litigation

Edinburgh, Scotland - 24 March 2005: Cirrus Logic Inc. (NASDAQ: CRUS) and
Wolfson Microelectronics plc (LSE: WLF.L) today announce that they have settled
all outstanding litigation between the Companies.

In October 2003, Cirrus Logic brought suit against Wolfson Microelectronics plc
and its subsidiary Wolfson Microelectronics, Inc. in the U.S. District Court in
San Diego for patent infringement. Cirrus Logic subsequently initiated an
investigation by the United States International Trade Commission (ITC), which
terminated in February 2005.

Under a settlement agreement, the parties have agreed to withdraw all
outstanding claims and counterclaims in the US District Court proceedings. An
application is being made to the ITC for the withdrawal of the exclusion order
that the ITC issued in February 2005 in relation to one of the Cirrus Logic
patents.

WOLFSON Microelectronics looks to have saved itself more than $1 million (520,000) after finally settling its long-standing patent dispute with US-based Cirrus Logic.

The Edinburgh-based chipmaker confirmed yesterday that both parties had agreed to withdraw all outstanding claims and counterclaims in the US District Court proceedings, but declined to reveal the terms of the agreement.

It is, however, understood that no compensation is to be paid to either party. It also means Wolfson will no longer have to stump up millions of pounds in legal costs.

At the time of its full year results last month, chief executive David Milne said legal costs during 2004 had run to a greater-than-expected $4.1m. He also told analysts that Wolfson was expecting to fork out another $2m this year.

With yesterdays settlement, Wolfson will instead be able to pocket the remainder of the funds that had been earmarked for the litigation - thought to be in the region of at least $1m.

The lawsuit, which has cost Wolfson more than $5m, was originally filed by Cirrus in October 2003. It referred to two patents which the Texas-based company claimed Wolfson had infringed.

http://thescotsman.scotsman.com/business.cfm?id=316912005

director bought 15,000 shares today @$2.93 ( 1.559). I think its time to buy in. Any views?

Wolfson Microelectronics (LSE: WLF.L - news) (WLF) Director name: Mr Robert Eckelmann Amount purchased: 15,000 @ 156.43p Value: 23,463