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

does anybody have an idea as to how the figures will look?

Good news this morning EQI back in the black 2M = profit

Even IQE. Volumes are upa bit as well

2009 Full Year Results

Strong H2 secures GBP3.0m full year operating profit and GBP3.7m free cash flow

Financial highlights

* Record H2 revenues of GBP31.2m result in full-year revenues of GBP52.7m (2008:
GBP60.5m)
* Sequential revenue growth of 46% in H2 demonstrates strong recovery after
industry wide inventory adjustments in H1
* Improved efficiency boosts gross margins to 22% resulting in GBP11.6m of gross
profit (2008: 19%, GBP11.8m*)
* High operational gearing and tight cost control delivers second half EBITDA
of GBP6.1m - full year EBITDA GBP8.1m (2008: GBP8.4m*)
* Pre-tax profit GBP2.1m (2008: loss GBP1.4m)
* Basic EPS of 0.47p (2008: loss 0.32p per share)
* Capital expenditure of GBP1.4m (2008: GBP6.6m) - normal maintenance levels
following conclusion of 2008 major capital programme
* Strong trading performance and cash management generated free cash flow* of
GBP3.7m (2008: GBP0.7m)
* Net debt reduced to GBP14.9m (2008: GBP18.1m)

oops my mistake, profits are shown as in excess of 3m

Some good reading from the highlights ...........

Achieved qualification with all of the major wireless chip makers, putting IQE in a very strong position to continue to grow its market share organically and mitigating customer risk;

Some positive things llike ........Net debt reduced to GBP14.9m

Strong positive statement to look forward like ........they are positioning themselves in new markets such as SSL and CPV which will provide significant opporunities for growth and balance out any future market erosion as their core tech platforms and competencies become increasingly commoditised.

Nothing like a good positive attitude from directors to keep me happy
Money AM:-IQE announces that on 25 March 2010, Dr Godfrey Ainsworth, Non-Executive
Chairman of the Company, purchased 222,379 ordinary shares in the Company at an average price of 17.82 pence per share.

1.8M buys and no sells and the bid price ends lower. Anybody able to help me get my head round this ?

A good deal of buying interest today on good volume.(2.5 m).the outlook looks good as well. Up.75 to 17.25

Yet another director increasing his holding :- IQE announces that on 6 April 2010, Dr Howard Williams, Group Chief Operations
Officer of IQE, purchased 62,000 ordinary shares in the Company at an average
price of 16.5 pence per share.

Quite a few sells going through at the moment but sp holding at the moment

Cardiff, UK. 12 May 2010: IQE plc (AIM: IQE, "IQE" or the "Group"), the leading
global supplier of advanced semiconductor epitaxial wafer products and wafer
services to the semiconductor industry, has developed epitaxial processes for
producing high efficiency, triple junction concentrator photovoltaic (CPV) solar
cells with comparable results on both 6 inch diameter germanium (Ge) and gallium
arsenide (GaAs) substrates.

IQE has been supplying the global chip industry as a pure-play contract
manufacturer for more than two decades and is established as a leading player in
GaAs based epiwafer products for wireless applications including RF components
for mobile phone handsets. The Group, which has manufacturing sites across
Europe, Asia, and the USA has been working with a number of key partners during
the last two years to develop advanced, multi-junction solar technologies for
the provision of large scale renewable energy.

Increased wafer sizes are an essential step in ensuring the provision of high
quality and highly efficient solar power generation at lowest possible cost.
Current CPV technology is based on 4" diameter wafers but IQE's new capability
has demonstrated unsurpassed performance and excellent uniformity across 6"
(150mm) diameter wafers. Peak multi-sun device performance is the same for both
types of substrate and approaches the best previously achieved on 4" substrates
using the same process.

Dr. Drew Nelson, Group CEO and President said:

"Delivering 6" diameter wafers for CPV applications is an important milestone
for IQE and our experience as the world leading outsource manufacturer of GaAs
based wafers has enabled us to develop the capability to produce multi-junction
solar cells on both GaAs and Ge substrates with comparable results, fully
scalable from our well-established 4" process in terms of performance,
uniformity, and yield.

"Our 6" CPV wafer products have generated a great deal of interest at both the
cell supplier and systems-supplier level, and have demonstrated excellent
performance and uniformities on which we will continue to build"






Contacts:


IQE plc
Press/Investors: Chris Meadows (+44 29 2083 9400)
Technical (UK): Andrew Johnson (+44 29 2083 9400)
Technical (USA): Walter Wohlmuth (+1 484 695 9466)

Note to Editors

IQE is the leading global supplier of advanced semiconductor wafers with
products that cover a diverse range of applications, supported by an innovative
outsourced foundry services portfolio that allows the Group to provide a 'one
stop shop' for the wafer needs of the world's leading semiconductor
manufacturers.

IQE uses advanced crystal growth technology (epitaxy) to manufacture and supply
bespoke semiconductor wafers ('epi-wafers') to the major chip manufacturing
companies, who then use these wafers to make the chips which form the key
components of virtually all high technology systems. IQE is unique in being able
to supply wafers using all of the leading crystal growth technology platforms.

IQE's products are found in many leading-edge consumer, communication, computing
and industrial applications, including a complete range of wafer products for
the wireless industry, such as mobile handsets and wireless infrastructure,
Wi-Fi, WiMAX, base stations, GPS, and satellite communications; optical
communications, optical storage (CD, DVD), laser optical mouse, laser printers &
photocopiers, thermal imagers, leading-edge medical products, barcode, ultra
high brightness LEDs, a variety of advanced silicon based systems and high
efficiency concentrator photovoltaic (CPV) solar cells.

The manufacturers of these chips are increasingly seeking to outsource wafer
production to specialist foundries such as IQE in order to reduce overall wafer
costs and accelerate time to market.

IQE also provides bespoke R&D services to deliver customised materials for
specific applications and offers specialist technical staff to manufacture to
specification either at its own facilities or on the customer's own sites. The
Group is also able to leverage its global purchasing volumes to reduce the cost
of raw materials. In this way IQE's outsourced services, provide compelling
benefits in terms of flexibility and predictability of cost, thereby
significantly reducing operating risk.

IQE comprises seven operating facilities located in Cardiff (two), Milton Keynes
and Bath in the UK; in Bethlehem, Pennsylvania and Somerset, New Jersey in the
USA; and Singapore. The Group also has 11 sales offices located in major
economic centres worldwide

Far too cheap this stock with EPS increase of 61% on the cards for 2011 and a very low P/E for a Tech company of just 14 going into 2011.....

IQE PLC

FORECASTS 2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

W H Ireland Ltd
28-05-10 MPER 4.50 0.70 5.90 1.00
Canaccord Adams
26-05-10 BUY 3.22 0.73 5.22 1.17
Edison Investment Research
17-05-10 None 4.62 1.00 5.69 1.20
Execution Noble
25-03-10 BUY 3.60 0.80 5.60 1.20
FinnCap
04-03-10 BUY 4.50 1.00 6.50 1.50
Singer Capital Markets Ltd [R]
04-02-10 BUY 4.10 1.00 4.50 1.00

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 4.21 0.74 5.74 1.19

1 Month Change -0.32 -0.19 0.00 -0.01
3 Month Change -0.37 -0.22 0.28 0.19


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS -41.11% 76.13% 60.98%
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA m 9.59m 11.58m
EBIT m 4.10m 5.90m
Dividend Yield 0.00% % %
Dividend Cover x x x
PER 40.57x 23.04x 14.31x
PEG -0.99f 0.30f 0.24f
Net Asset Value PS p p p

Ill make up for it with this....

(IQE)May 27, 2010Chief Pulse Comment by Godfrey H H Ainsworth

Dr Ainsworth said, "I have been very impressed with the quality of the IP portfolio and spin out companies in the Fusion IP Group and Seren has the potential to be a huge success. more
We look forward to working closely with Godfrey and bringing Seren Photonics' technology to market.". Dr Ainsworth said, "I have been very impressed with the quality of the IP portfolio and spin out companies in the Fusion IP Group and Seren has the potential to be a huge success. "I am therefore delighted to become Seren's chairman at this important time in their development and help drive through the commercialisation process. The solid state lighting sector is about to undergo explosive growth and we believe that Dr Wang and his team has what could be a hugely exciting technology, capable of significantly improving the efficiency of LEDs.".

Gambit founder to head company exploiting LED processing technology
May 28 2010 by Sion Barry, Western Mail

http://www.walesonline.co.uk/business-in-wales/business-news/2010/05/28/gambit-founder-to-head-company-exploiting-led-processing-technology-91466-26538023/

Come on men pull together here is the latest broker forecasts.......

Date Broker name New Price Old price target New price target Broker change

26-May-10 Canaccord Adams Buy 17.25p - 24.00p New Coverage

29-Apr-10 FinnCap Buy 19.25p 25.00p - Reiteration

Canaccord with a 24p SP target.........very bullish.

Just out from Broker Eddison Insight......

IQE

Sector: Technology
Price: 18.3p
Market cap: 81m
Forecast net debt (m) 12.4
Forecast gearing ratio (%) 36.0
Market AIM

Company description

IQE has established itself as a one-stop
shop for the compound semiconductor
wafer needs of the worlds leading
semiconductor device manufacturers.

Price performance

% 1m 3m 12m
Actual (8.8) 12.3 102.8
Relative* (1.5) 9.0 70.6
* % Relative to local index
Analyst
Katherine Thompson

IQE (IQE)

INVESTMENT SUMMARY

FY09 results were broadly in line, proving that cost-cutting actions taken at the height of the
recession have paid off and that business has returned to more normal levels of activity. IQE
benefited from the continued growth of smartphones in an otherwise weak wireless market.
We forecast strong growth in FY10 as the handset market returns to growth. On our FY10
estimates, IQE looks reasonably valued versus peers. With earnings and cash flows highly
geared to revenues, evidence of progress in solar cells, solid-state lighting or advanced semis
could add significantly to the valuation.

INDUSTRY OUTLOOK

In CY10 we expect a rebound in handset growth after a weak year and continued growth in
gallium arsenide content per device. IQE's wireless customers have reported better than
expected Q1 results. In addition, IQE is likely to benefit from recovery in demand for optical
communications systems and is well placed to benefit from growth in the emerging markets of
CPV solar cells and solid state lighting.

Y/E Dec Revenue EBITDA PBT EPS (fd) P/E P/CF
(m) (m) (m) (p) (x) (x)
2008A 60.5 8.9 3.4 0.8 22.9 10.6
2009A 52.7 8.1 3.0 0.6 30.5 10.4
2010E 61.8 9.7 4.6 1.0 18.3 10.2
2011E 65.4 10.6 5.7 1.2 15.3 8.5

3 June 2010

Todays' trade of .5 million shares,according to Money AM were mostly buys,but it often takes a while for the penny to drop. Look for example at Blinkx,13 p 2 weeks ago,33 p today.
Hang in there.

Good to see a positive move up today, now the chart is pointing to 20p again first stop and hopefully we will get through this resistance level this time...

Fundies supporting the Bullish TA.......

IQE PLC

FORECASTS 2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Edison Investment Research
14-06-10 None 4.62 1.00 5.69 1.20

W H Ireland Ltd
04-06-10 MPER 4.50 0.70 5.90 1.00

Canaccord Adams
26-05-10 BUY 3.22 0.73 5.22 1.17

Execution Noble
25-03-10 BUY 3.60 0.80 5.60 1.20

FinnCap
04-03-10 BUY 4.50 1.00 6.50 1.50

Singer Capital Markets Ltd [R]
04-02-10 BUY 4.10 1.00 4.50 1.00

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 4.21 0.74 5.74 1.19

1 Month Change -0.33 -0.20 0.01 -0.01
3 Month Change -0.38 -0.22 0.29 0.19


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS -41.11% 76.13% 60.98%
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA m 9.64m 11.58m

EBIT m 4.10m 5.90m

Dividend Yield 0.00% % %

Dividend Cover x x x

PER 41.77x 23.71x 14.73x

PEG -1.02f 0.31f 0.24f

Net Asset Value PS p p p