Recommended as a sell and maybe buy back in the autumn in Shares Magazine. Seems to be going up nicely on fairly large volumes ahead of interims on Wednesday (18.8.04). Does anybody know much about this company??

Kiver i'am holding to 30p, i have already been in from 3 to 18p last year.

http://moneyam.uk-wire.com/cgi-bin/articles/200411041003028494E.html

They have won a major contract. thats the reason for the rise today.

Well done everyone for sticking through the last few weeks - did say something was brewing with all those large buys at the 9.00 pence area. 17-20 pence is the next stop.

RNS Number:8494E
IQE PLC
04 November 2004

FOR IMMEDIATE RELEASE 4 November 2004


IQE plc ("IQE" or "the Company")



IQE secures major outsourcing contract with leading RF component manufacturer



IQE's North American subsidiary, IQE Inc, today announced it has secured a major
outsourcing contract to supply a leading North American RF Component
Manufacturer with epitaxial materials for its RF based components used in mobile
handsets. The agreement, which is effective from 1st November 2004 and is for a
minimum term of two years, renewable annually thereafter, provides for IQE's
Bethlehem site to supply more than 90% of the customer's anticipated demand for
their advanced RF wafer products and is estimated to be worth around US$25
million in revenue to IQE over the initial two year period. As a result of the
agreement, internal wafer manufacture at the customer's site will cease. Both
parties have been working closely together for several years; a relationship
through which IQE has gained a high degree of confidence in its own ability to
service the outsourced epiwafer needs of major manufacturers.



IQE's President & CEO, Drew Nelson said "This agreement with such a prominent
global supplier of RF components for the cellular phone market demonstrates a
clear movement towards the outsourcing model within the compound semiconductor
industry. Their selection of IQE as the primary partner, as a result of our
large and comprehensive production capacity, and low cost structure, endorses
the Company's commitment to the outsource model"



A spokesman for the customer commented: "outsourcing certain products and
services such as the manufacture of our RF epitaxial wafers allow us to
concentrate our efforts on the processes that add significant value to our
product offering within the global, highly competitive RF market place and we
are pleased to build on previous work we have undertaken with IQE. This
agreement will allow us to be one of the most highly cost effective players in
the RF component marketplace"







For further information please contact:


IQE plc: +44 29 2083 9400
Drew Nelson, President & Chief Executive
Chris Meadows, Investor Relations Manager
Steve Gergar, General Manager, IQE Inc +1 610 861 6930


Buchanan Communications : +44 20 7466 5000
Tim Thompson / Nicola Cronk





Notes to Editors:



About IQE: IQE is a leading outsource supplier of customised epitaxial wafers
and compound semiconductor substrates to the global semiconductor industry.
Materials produced by the Group operate at the forefront of technology,
typically in high speed electronics and optical systems for a diverse range of
devices including those used for data/audio/visual storage, optical
communications, wireless and RF devices and systems as well as an increasing
range of automotive, medical and industrial applications.








This information is provided by RNS
The company news service from the London Stock Exchange
END

CNTEANFLESLLFEE

IQE unit wins US outsourcing contract worth 25 mln usd over 2 yrs in revenues
AFX


LONDON (AFX) - IQE PLC's North American unit IQE Inc said it has won an outsourcing contract to supply a North American RF component manufacturer with epitaxial materials, worth 25 mln usd in revenues over the initial two year period.

IQE unit wins US outsourcing contract worth 25 mln usd over 2 yrs UPDATE
AFX


(Updates with further details on contract)

LONDON (AFX) - IQE PLC's North American unit IQE Inc said it has won an outsourcing contract to supply a North American RF component manufacturer with epitaxial materials, worth 25 mln usd in revenues over an initial two year period.

The company said the agreement is effective from Nov 1, and is for a minimum of two years, renewable annually thereafter.

IQE said the agreement means its IQE site in Bethlehem will supply more than 90 pct of the RF component manufacturer's anticipated demand for RF wafer products, which are used in mobile handsets.

It added that as a result of this agreement, the RF component manufacturer will cease manufacturing wafers at its own site.

Just 3m profit here on a PE of 30 (low for a growth tech - look at ARM etc) gives mcap of 90M, so 30p+ a share.

Also, looking at the 5 year chart, we could have a nice long saucer formation back to 1+ over 24 months IMO.

Well called again Sue.

2 Million BUY has come through at 11.61 pence....EVO who are the house broker of IQE filled that buy.

500,000 T BUY has also come through at 11.50 pence today - someone left an order with an MM to purchase 500,000 shares at a price of 11.50 pence.

Thanks John...best of luck.

she we hold onto these

spread is now 10.75-11.75

Nobody has sold today other than two people. That answers my question

Heres to the recovery, thanks shares mag for bringing this one to my attention even though you said sell. Hope the price holds 2morrow. Long term the prospects look very good.

SUE HELEN DO YOU THINK WE WILL GET SOME MOMENTUM GOING INTO NEXT WEEK

O yes thesaurus.

Price closed at intraday high of 11.50-12.00 pence today, up 34.30%.

4 million T buy trade at 11.42 pence
2 million buy at 11.61 pence
500,000 T buy at 11.50 pence

I reckon someone has bought 6.50 million shares today hence the price was stuck the way it was. Big buy order.

The 500,000 O trade reported at 11.50 pence towards close was from an hour ago and is definite sell..trades for O type trades over 450,000 shares are delayed in reporting by 1 hour.

Evolution Beeson Gregory (EVO) the house broker has produced another note today with an increase price target of 15 pence. Will post the note if I can get hold of it.

Excellent Volume today - 16,358,434 - 256 Trades.

You say the price was "stuck the way it was". So once this sorts itself out what kind of price are we looking at over the next 2-4 weeks