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

What an opening!

fingers being burned ..... +15% (120) this morning

the smell of burning shorters has made my day.

Shorters must be holding on to their nuts

I don't remember anything quite like this since the tech bubble - amazing!



1 119.0 680198 UT 105.0 105.4 08:05:20 680,198

institutions will no doubt be well aware and may even have manipulated
lemmings are the ones who will suffer

Very nice! Not regretting my switch to AEG though!😜

You lot are like you've been shot but now discovering you're just only seriously wounded !....

Lol!

A couple of things that help this morning

Intel massively fined for paying Apple illegally to use only their chips.
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Qualcomm to appeal $1.2bn fine over Apple deal - Financial Times

https://www.ft.com/content/ec78d1ee-01d5-11e8-9650-9c0ad2d7c5b5

4 days ago - The European Commission has just hit the chip company with a €997m fine for abusing its dominant position by paying Apple to use its 4G chips for ... deal with Apple was illegal under antitrust rules and meant that “no rival could effectively challenge Qualcomm in this market, no matter how good their

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Apple is poised to set a new profits record on the back of sales of its iPhone X, the world ’s most expensive smartphone. Analysts expect the $880bn (£621.5bn) behemoth to reveal on Thursday a $19bn profit on a record $88bn in sales for the three months through December. The figures, powered by Christmas sales of its tablets, phones and laptops, would be a new high water mark for Apple, which is on track to become the world’s first publicly traded $1 trillion company."

Https://www.thetimes.co.uk/edition/business/japan-s-softbank-hatches-plan-to-take-on-paypal-dj2wms5g6

i'm keeping my fingers x'ed that in the medium/long term IQE will indeed prove to be a winner

Naaahh.......old fashioned chip(I mean the share of course)........better pick an oily.....crude on the rise....FPM....

Short lived euphoria!
What happened to 'make the trend your friend'? It hasn't changed yet as far as I can see.

LIVE MARKETS

CHIPMAKER SHARES PARE GAINS AFTER NIKKEI IPHONE REPORT (1045 GMT)
The euphoria among European chip stocks after the blow-out guidance from AMS just faded a little after Nikkei Asian Review said Apple had told suppliers it will halve its Q1 production target for the flagship iPhone X to 20 million units from 40 million envisaged in November.
Nikkei did not disclose the source for its report.
Dialog Semiconductor, STMicroelectronics, Infineon and IQE have given up a chunk of their earlier gains.
AMS is still up 18 percent, with analysts speculating that the Austrian company's upgraded guidance is driven partly by prospects for new business with smartphone makers beside Apple.

Below 100p...a distinct possibility I'm afraid....

>>> Below 100p

Shall we say:

Devil's wish is not God's command

sp indicates otherwise as it's still +10% on the day

I am going to let it ride. I think... :) More chance to the upside given time.

Bullish thoughts

A 120p close would be a good price for tomorrow's asault at 130p and start changing the latest downtrend

So Rowe Price has increased its stake a tad, while having 21M shares out on loan to a shorter. Good to know.