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

From the Trader's thread - Apple earnings: iPhone X supply is the question, but the answer may not matter

I was thinking more like this:

http://uk.reuters.com/article/uk-apple-qualcomm-iphone/apple-could-drop-qualcomm-components-in-next-years-iphones-ipads-sources-idUKKBN1D0098

Not really relevant to IQE? Although possible market reaction?

AAPL are currently up 0.34% and Qualcomm flat.

I agree it won't impact IQE directly, but it highlights the route that Apple seems to be taking, preferring to have direct control over it's supply chain.

Qualcomm down 6.8%.

It's seems a bit complicated, but one of the modem chips supplied by Qualcomm is suitable for the Verizon network and the chip supplied by Intel is suitable for the AT&T network. I think the Intel chip can be made generic though......I assume by a software change which is under Apple control. I wonder if this makes other suppliers or potential suppliers a bit nervous about dealing with Apple?

".. The BIG event this day, is the Lumentum earnings due 1.30 our time , then most importantly the CC that will be broadcast live at 2-2.30pm, the analysts will be all over their comments in the 3D sensing sales, we should glean a lot of information on orders :-) , they WILL be positive, it's the clearest indicator of IQE sales in this sector..."

That is from the bigger Sweenoid post pasted above. I am not sure if he is right on the clock times (US don't set their clocks back till next weekend), but sometime today we see Lumentum's latest statement, and Lumentum is a key IQE customer.

Link for later - Q1 FY 2018 Lumentum Holdings Inc Earnings Conference Call

Juzzle - its 12:30 our time?

Strong early volume again.

Peel Hunt Buy 158.00 146.50 150.00 188.00 Reiterates

Apple iPhone+X teardown:

www.ifixit.com/Teardown/iPhone+X+Teardown/98975

(Don't try this at home! Could be costly if it don't go back together!)

Juzzle will try it out with Lego blocks first-which is tricky enough

Broadcom offers to buy mobile chipmaker Qualcomm for $103 billion

stopped out at 140- dunno if good or bad but at least better safe than sorrow

guess it depends whether you are just a trader (s/b etc) or look at this stock for the long(er) term

The whole market has been lacklustre today - except FEVR; whoopee!! - and IQE has not moved disproportionately

Just announced a placing here at 140p of 70 million shares , good or bad ?.

Astonishingly good.

Very often, an issue of a big wodge of shares - normally below the current market price - is bad news, diluting existing share values and sharing the dividend more thinly. But the rationale behind this particular placement (and at nil discount!) is very positive indeed. They had (I think) a hundred machines producing wafers, and recently ordered 5 more to cope with demand. Demand however is so strong that they are ordering 40-60 more! This placing will fund that.

I've got some widgets in the shed if that helps juzzle .

Updated assessment by N+1 Singer:

N+1 Singer - IQE - Ramping up for 2019

IQE has announced a placing at 140p to raise c.£95.1m. The new funds will enable it to scale the business to take advantage of the growth opportunities in 3D sensing and other mass market opportunities. The group has also confirmed that if the current VCSEL ramp continues on its current growth curve, there is potential to exceed current FY’17 expectations. Our published bull case scenario shows the potential for 81% upgrades to FY’18 EPS and we believe this placing is indicative of demand for IQE’s products well in excess of our current forecasts. The new tools bought with the funds from this placing are unlikely to deliver material revenue until FY’19, however, we expect previously announced capacity increases to enable significant upgrades in FY’18. With continued strong newsflow likely we believe the shares remain attractive and retain our positive view on the stock.