IQE is the leading global outsource supplier of customized epitaxial wafers to the semiconductor industry.

Their technology is of most advanced like AFM means Atomic Force Microscopy and moves a minuscule cantilever over an objects surface, a sharp tip passes over dips or rises punched in the surface and reads out digital information. This technology is not going to slow down it is going to speed up and has to replace most existing forms of memory storage by virtue of capacity and size.

The future of nano-technology, these tiny/minute robots would need very small processors and most sure strained silicon could provide these.

The low share price is due to uncertainty as to when the cash will run out, but I don't think this will happen as cash is of 12 to 15M and NAV of 30p, and losses are going to drop on the next 3 month and we could have profits on the Q4 2004.

Latest news from the Chairman were" The Group remains confident that it is in a strong position within the outsourcing market, although the protection of its cash position is paramount.
With a broad product portfolio allowing the customer base to use IQE as a 'one stop shop', a large available production capacity and a strong balance sheet, the Board believes the Group will benefit strongly as the overall semiconductor industry recovers and will continue to strengthen its position as the leading outsource supplier of advanced wafer products to the sector. "

Nearly all the recent results have been encouraging. Q4 accounts are being completed (30th Dec 2002). IQE know where they stand, if things had got worse their would have been a trading statement by now, and with Amberwave (IQE's partner) increasing its Asian presence, this is a bullish trend and a good point to pick up the shares @ 4.25p

Intraday

5 month MA and Indicators

one of my sipp star performers
only bought in feb and march this year and currently +80%

I'm up over 300% on my SIPP holding and just closed a S/B for +23.

very well done indeed skinny
in fact, and to my surprise, i see sp was ~30 only 7/8 months ago

Thanks Cynic - because of the nature of the company when I researched it, I didn't invest a fortune.

Quite a gap now - lets hope its a breakaway gap!

"fortune" is relative :-)

Less than half a percent of my SIPP.

i think mine must be about 2.5% at cost

So my back of a fag packet calculation gives a figure of approx £50,000 for Mr C's investment! Just hope I can sell before he does!!! ;o)

Taken some profit, the rest I will keep very long term!

i'm not that bloody wealthy!
wish i was :-)

IQE surges as it ups guidance and reckons more upgrades could follow

IQE and FEVR are my 2 big whizz-bang sipp investments, the former now having doubled in <6 months

while i don't think i'll be tempted to buy more FEVR, that may not apply with IQE
i shall watch the news with interest

Pop!

It's got the Fevertree fizz!

We should close the day at new recent highs at this rate. Big volume already today.

I'm as interested in the volume to bolster the 'breakaway gap' probability.

Start of mass market VCSEL ramp-up

Interesting! Thanks Skinny.

Volume coming off yesterday and today - gap exhaustion maybe?

I was exhausted after the last time I took the kids to gap. Oh sorry, wrong gap!