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

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.

Investors Chronicle reported that WLF is still looking expensive at 110p today.

Which is very sad if you knew what price I've got it!

I remember the Telegraph saying a few months ago it was a buy at around 270p

The Telegraph also said Ceres Power will go from 280p then to 370p-500p. Now around 175p.

I am beginning to believe that if IC suggests sell it is an indication to buy.

I use to credit their reports, but now just check projected PEs etc. which are still good.

I would be very brave to buy into this chart especially when WLF have lost its supply to Apple recently for its iPods.

Questor used to be highly rated but the credit crunch has destroyed their punts along with everybody else

As a guess, I think it will bounce off the 100p support line Although the short term MAs are not very reassuring nor are the majority of indicators.

Why is WLF tumbling to 88p today???

Sold at a loss at 86p today as my broker thinks it is unlikely to recover in the short term. Now 80p. Looks like he's right.


Wolfson says sales drop, shares tumble
AFX


Oct 2 (Reuters) - British chipmaker Wolfson Microelectronics Plc reported a sharp downturn in orders in the past few days as weak consumer confidence hits demand, sending its shares down as much as 25 percent to a new low.

The Edinburgh-based company, which makes chips for products including Apple Inc's iPhone, said it experienced a 'material reduction' in orders intake and more rescheduling of orders in recent days.

At 0830 GMT, Wolfson shares were down 15 percent at 91-3/4p, having fallen as low as 106-1/2p -- well below a peak of around 565p seen in mid 2006 and its lowest since flotation in 2003.

It said it now expects fourth-quarter revenue to be between $45 million and $50 million, compared with a previous consensus expectation of $58.87 million according to a survey of three analysts by Reuters Estimates.

Many memory chip makers are suffering from a downturn as a result of a supply glut and falling demand for consumer electronic devices.

Wolfson, which named Motorola Inc's Mike Hickey as its chief executive last month, also reduced its third-quarter gross margin estimates to between 50 percent and 51 percent from 52 percent, despite maintaining revenue guidance for the quarter at $56 million to $62 million.

Analysts at brokerage Panmure Gordon & Co cut their share price target for Wolfson to 100 pence from 120p, but maintained their 'hold' rating on the stock.

'Market conditions combined with negative newsflow should continue to result in the stock trading well below fundamental value,' analyst Nick James said in a note to clients.

Landsbanki cut its full-year sales estimate for Wolfson to $207 million from $219 million.