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??

A 500,000 O buy trade came through around 5.05pm from 4.05pm at a price of 11.477 pence. Definetely a buy from when the offer price was at 11.50 pence.

From Bloomberg, USA, tonight.........


U.K. Stocks
Nov. 4 (Bloomberg)

IQE Plc (IQE LN) rose 3 pence, or 34 percent, to a six-month high of 11.75 pence. The company, which manufactures wafers used to make silicon chips, won a $25-million contract to provide an unidentified U.S. company with components for mobile-phone handsets.


Bloomberg
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Press Mention : will appear in tomorrow's Daily Mail Newspaper.

Beyond the Footsie: Thursday close
4 November 2004, This Is Money

SMALL caps spiked higher in the last moments of trading, as wider positive market sentiment offset a raft of profit warnings. By the close, the FTSE SmallCap Index was 0.6 higher at 2,625.0.

News of a $25m US contract pushed chip materials manufacturer IQE up 3p at 11.75p.

http://www.thisismoney.com/20041104/nm84322.html

Press Mentions have started coming and US Markets look in tip-top shape tonight :

"positive market sentiment"

From Financial Times (FT) tonight/tomorrow............. :O))


UK EQUITES
By Michael Neill and Chris Flood



Shares in IQE jumped 34.3 per cent to 11.75p after the semiconductor components group secured a major outsourcing contract with a leading North American components manufacturer, esitmated to be worth $25m over two years


Financial Times
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Press mentions already in the Daily Mail, Bloomberg and the Financial Times now.

Mentions on Bloomberg and in the Financial Times are very big scoops.

AFX News on Yahoo! Finance
London shares - closing features

Other risers
IQE (LSE: IQE.L - news) 11.75 up 3.00
Company unit wins US outsourcing contract worth 25 mln usd over 2 yrs

http://uk.biz.yahoo.com/041027/323/f5f49.html

ShareCast on Yahoo! Finance
Thursday November 4, 05:45 PM
London close: Bush rally lifts London

It was better news for IQE (LSE: IQE.L - news) which has picked up a $25m 2-year deal with a US company to supply epitaxial materials.

http://uk.biz.yahoo.com/041104/214/f5zki.html

Below is the copy of the EVO BUY note that came out today :

Evolution Securities 100 Wood Street, London, EC2V 7AN 020 7071 4300
Evolution
SECURITIES
www.evosecurities.com 4 November 2004
IQE (IQE) Buy
Mkt cap: 36m Net cash: 11m Contract win Price/Target: 11p/15p
Breakthrough contract win
IQE has announced that it has won a $25m two year outsourcing deal
with a leading US RF component manufacturer. This is a genuine
breakthrough for IQE it gives us the confidence needed to raise our
target price to 15p
IQE have won a major outsourcing contract with a leading US Radio Frequency
wireless/mobile components company. The contract has a minimum term of
two years and an initial value of $25m. This is one of the four contracts that
management were referring to at the time of the fund raising in November
2004. The other three do not appear to be close to signing at present but the
list of potential customers is still there and management continue to talk to
other parties. This contract win proves that there is a market for wholesale
outsourcing of epitaxy and we expect others to follow but not in the
immediate future.
We estimate the split to be $10m:$15m between year one and year two. The
contract involves the closure of the customer's facilities and because of the
sensitive nature of this the identity of the customer has not been announced.
We are not changing our forecasts. This $10m for the first year is already in our
27.2m revenues estimate for next year. It is worth noting that because the
contract is with an existing customer there is an element of revenue substitution
in this contract. However, this announcement does mean that we are
considerably more comfortable with the forecasts than we were.
If more contracts come through, the revenues should go straight into our
forecasts. We would not expect the other contracts to be as substantial as this
but given the marginal loss/profit scenario we have forecast for next year their
effect on earnings could be significant.
As a result of this announcement we have increased confidence in the forecasts
and so we are increasing our share price target to 15p.
Ian Robertson +44 (0)20 7071 4463 ian.robertson@evosecurities.com EVO Securities is broker to IQE
Year end Sales (m) EBITDA (m) PTP (m) EPS (p) PER (x) Yield (%) EV/Sales (x) Revised?
12/03A 18.8 -11.3 -12.8 -6.2 - - 1.3
12/04E 17.1 -8.3 -9.9 -3.1 - - 1.5 No
12/05E 27.2 0.4 -1.5 -0.5 - - 0.9
21. 75 1 5/1 0/03 LOW 2 .20 11/ 3/0 3 LAST 8 .50 Source: DATASTREAM

Read the EVO research, essentially any more contract wins will produce a highly profitable and valuable business. Therefore investors MUST position themselves NOW, to take advantage of the tremendous upside on offer. In addition, EVO are now very confident in the current valuation and expect further significant, revenue and therefore, profit growth.

moving on up, moving on up...like the song goes!

Press Mention : will appear in tomorrow's Times Newspaper.

November 05, 2004

Smaller stock to watch

IQE, the maker of wafers for the semiconductor industry, leapt 3p to 11p on winning a $25 million (13.5 million) two-year outsourcing contract from an unnamed US radio-frequency components maker. The deal is the first to materialise of four referred to at last years 18.75 million fundraising, and has provided confidence in the wholesale outsourcing market. Evolution Securities has raised its price target from 10p to 15p.

http://business.timesonline.co.uk/article/0,,8211-1345253,00.html

Times article indicates that 3 more deals are in the pipeline....

"The deal is the first to materialise of four referred to at last years 18.75 million fundraising, and has provided confidence in the wholesale outsourcing market"

Press Mention : in today's Guardian Newspaper.

On Aim, semiconductor company IQE rose 3p, or 35%, to 11.75p after its North American subsidiary secured a deal worth $25m (13.5m) to supply chips for mobile phones over the next two years. At last night's close, IQE was valued at just 37m.

http://www.guardian.co.uk/business/story/0,3604,1343954,00.html

Guardian thinks IQE is still very undervalued :

"At last night's close, IQE was valued at just 37m".

Press Mention : in today's The Sun Newspaper.

Outside the Footsie, semiconductor specialist IQE surged 3p to 11.75 on a contract win.

http://www.thesun.co.uk/article/0,,9-2004512192,00.html

The 2 million buy yesterday at 11.61 pence was Canada Life Limited (see below) :

RNS Number:8998E
IQE PLC
05 November 2004


IQE plc ("the Company")

Holding in the Company





The Company was notified today by Canada Life Limited, that following the
purchase of 2,000,000 ordinary shares of 1 pence each in the Company ("Ordinary
Shares") at 11.6 pence each, Canada Life Marketing Group is now interested in
14,551,156 Ordinary Shares. These Ordinary Shares represent 4.6 per cent. of the
issued share capital of the Company.



05 November 2004



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

END
HOLUUGACGUPCURA

Shares in IQE jumped 34.3 per cent to 11.75p after the semiconductor components group secured a major outsourcing contract with a leading North American components manufacturer, esitmated to be worth $25m over two years.

http://feeds.bignewsnetwork.com/?sid=ea07724c2f0973ed

Press Mention :

IQE, the chips material manufacturer, jumped 3p to 11 3/4p after its North American subsidiary secured an outsourcing contract worth 13.6m over two years. With more than 10m cash in the bank, analysts believe the stock still looks cheap.


http://www.thisislondon.co.uk/news/business/articles/timid84334?source=

Good morning Sue are we going to have another good day.