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

Downgrades in profits. Time to get out before it goes lower

hear what you say, but with current orderbook it looks grossly overdone. anyway against my principles back into this one at 296

You're a brave one, robin hood

no not brave- stupid-got stopped out at 286 already so just pissed 175 away

You did the right thing to sell...it's 269p now

From 510p to 269p within 5 weeks.

i thought a bullish article in the TIMES sunday by grant ringshaw makes this a buy at this price, i personally think this drop is overdone.i am holding 20k @292p

When Grant Ringshaw says BUY, he means SELL!

Good to see I'm right...HUGE selling today...now 270p.

up today on yesterday's speculation that wlf chips are central to the Apple 'iphone'. Potential to increase earnings in 2007 as iphone rolled out over the summer in the US and Q4 in Europe. I think this may be a good chance to get back into wlf for sp recovery and growth as it is 'highy probable' that its chips are integrated in a product that Steve Jobs is branding as 'revolutionary'. Results to 31st December 2006 due on 31st January- any views?

Wolfson Microelectronics disappoints
MoneyAM
Semiconductor firm Wolfson Microelectronics saw its pretax profits rise to $44.6m in 2006 from $38.7m in 2005.

The group's annual revenues increased by 26% to $204.1m compared to $166.6m last time. Wolfson said its earning per share for the year stood at 26.66 cents compared to 24.95 cents the previous year.

David Milne, the group's CEO, said: 'In spite of challenging market conditions in Q4, we are pleased to report another year of strong growth in 2006 as the company's high performance products gain share in new and existing markets.

'For the year as a whole, we are well positioned to benefit from our expanding product portfolio and a strong design win position, particularly in portable devices. As a result, the company looks forward to delivering further growth in 2007,' he added.

The company expects to achieve first quarter 2007 revenues in the range of $37m to $42m and the gross margin is anticipated to remain at around 52%.

Bridgewell's Dan Risdale anticipates bringing his FY revenues forecast down to the $230m level from $244m with EPS moving back to 34 cents from 37 cents. This, he says, would imply a P/E of 17 times, only a slight discount to its global peer group.

The analyst is placing his recommendation under review pending the results briefing.

I can confirm that Apple's iPhone contains Wolfson audio chips, part numbers WM8758BG and 73AFMN5.

3rd quarter results due at the end of the month.

Some positive action today.

Definately one to keep an eye on for the next 10 days.

Not in this one but looking interesting...anybody think this one has reached the bottom yet ?...does seem to be slightly undervalued possibly !

Glad I did not get in....unbelievable knock down today !

This is over done - should bounce back quickly

We all know who the major customer is...it doesn't take rocket science to know who that is...IT IS Apple Inc.


Wolfson Microelectronics loses design deal but still confident on growth - AFX


LONDON (Thomson Financial) - Wolfson Microelectronics PLC said it has failed to win a media player design contract from a major customer but still expects to meet the market's full-year revenue forecasts, thanks to growth in other areas.

Wolfson said the impact on second-half revenues, stemming from the loss of the contract, is expected to be mitigated by stronger than expected growth across its customer base and from other applications.

The company said it remains confident it will achieve growth in 2008 and reconfirmed its first-quarter revenue guidance of 44-48 mln usd.

The group said it will announce its first-quarter results on April 24.

Bad week for this one...I bet there are many people that have suffered big losses on this one, as it was up in the 140p's at the beginning of the week !

It's very prone to big movements this one.

This time however...........

Not too sure but the market is wrong for a great recovery for a while.