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

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

IQE appoints business development director
StockMarketWire.com
Advanced semiconductor wafer services specialist IQE has appointed Adrian Meldrum business development director.

Meldrum will have specific responsibility for developing IQE's growing position in opto electronic products.

He joined IQE in October 2009, and has more than 15 years' experience in the optoelectronics market sector having held a range of technical and commercial roles with JDSU and more recently, business development and sales and marketing roles at Bookham (now Oclaro) where he was executive vice-president and general manager of the telecom division until joining IQE.

Story provided by StockMarketWire.com

IQE up 2 (10 %) to 21.25 on news below. The outlook appears excellent.

IQE ahead of target
StockMarketWire.com
IQE, which supplies semiconductor wafer products and services to the semiconductor industry, said it expects to report H1 revenue of at least 32.8m.

The company said as a result of stronger than expected wireless product sales and increasing demand for optoelectronic and silicon-based wafers, it expects first-half performance to be significantly ahead of market expectations.

The Group expects to report first-half revenues of at least 32.8m, EBITDA above 5.3m and retained profit of more than 2m. Compared with the first half of 2009, this represents revenue growth of over 50% with EBITDA up over 178%, illustrating the Group's powerful operational leverage.

First-half growth was driven by good recovery in the wireless market with particularly strong demand for smartphones. The Group achieved higher than expected sales in the normally weak first quarter with demand accelerating in Q2 and looking robust for the remainder of the year.

The outlook for the second half remains positive with IQE expecting continued strength in sales volumes driven by increasing demand for smartphones and high-speed wireless technology, as well as for consumer optoelectronic devices. Demand-driven growth is being reinforced by an increasing trend towards outsourcing across all the market sectors in which the Group operates.

Dr Drew Nelson, CEO, said: "Strong growth has returned in IQE's key markets with higher than expected sales of smartphone products in Q1'10 and accelerating growth for optoelectronic products and silicon-based epiwafers for innovative consumer technologies. In addition, demand for energy-efficient third-generation CPV solar products and Solid State Lighting (SSL) devices continues to grow strongly.

"The Group's operationally geared model has translated strong revenue growth into even stronger growth in profits and the Board remains confident of strong demand for IQE's world-leading products in the second half of 2010."

IQE expects to report its interim results on 1st September 2010.

Story provided by StockMarketWire.com

revenue growth of over 50% with EBITDA up over 178%,

Looking forward to 1st September 2010 then

This stock should be going up,not down.
The good news is certainly in abundance.

Stock to watch: IQE

Edmond Jackson
15.07.10 13:00






This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

The semiconductor industry is making positive noises, both 'top down', in terms of industry perspectives and 'bottom up' regarding company trading statements - a notable one being from AIM-listed IQE (IQE), a small cap with operational gearing.

This semiconductor wafer supplier reports that as a result of stronger than expected wireless product sales and increasing demand for optoelectronic and silicon-based wafers, its board expects its first-half 2010 performance to be 'significantly ahead of market expectations'. Brokers have anticipated about 4.5 million pre-tax profit this year, for earnings per share of about 1.0p.

Better than expected sales were achieved in the normally weak first quarter, with demand accelerating in the second quarter and looking robust for the rest of 2010.

It ties in with industry reports, for example in the US where the semiconductor association has just cited industry sales above pre-recession highs. The consensus among analysts for 2010 sales has increased sharply from about 15% to 28% amid spending on personal computers, mobile phones and corporate IT.

Experienced investors recognise microchips as a roller coaster needing judgment both on consumer spending and the corporate investment cycle for IT. It can be tricky weighing the 'discretionary' (non-essential) aspect regarding some products, yet key launches - for example the latest iPhone - are being seen as 'must have' products, driving demand for components.

Charts for corporate investment have involved false dawns. So you are left waiting for firm evidence that both the consumer and corporate markets are in upswing, even if some of this is then reflected in share prices.

At about 22p currently, IQE has jumped from 18p marking a medium-term high after plunging near 4p with the 2008/09 bear market; however the shares have tested 20p various times since 2006 and arguably the company is now in far better shape with innovations nicely timed as demand improves.

With 445 million shares in issue it means a market value near 100 million and better liquidity than most small caps; yet this also dilutes earnings per share. Company REFS have shown the recent brokers' consensus for earnings per share of 1p this year and 1.25p in 2011.

So even if IQE achieves its 2011 scenario this year, the price-earnings multiple is in the late teens - which some investors might consider is rather pricing in expectations given the inherent risks of a smaller company.

Yet with signs of the cycle turning decidedly in IQE's favour, and if fears of a double-dip recession are overdone, on two-year view this kind of multiple can still end up proving good value. Capital growth is the sole determinant here, IQE does not pay dividends.

The company's operational gearing is shown by first half year revenue growth over 50% to about 33 million with operating profit up near 180% to 5.3 million and retained profit over 2 million. Besides the wireless market including smartphones, it will be interesting to watch how performance evolves for several other areas of IQE's business.

Optoelectronics, where IQE boasts a world leading 'vertical cavity surface emitting laser' technology, is seen as becoming critical to various new consumer applications - requiring internal connectors that enable data transfer speeds much faster than conventional USB cables.

Another growth angle to follow is applying wafers for energy efficient products such as light emitting diodes (LEDs) - potentially a colossal market. Head torches for outdoor use have been transformed by LEDs relative to bulbs, lighter and with far more powerful light. There are myriad applications.

Management also cites a return to growth in the first half for silicon-based epitaxy services for high-performance electronic products. The more specialist the products the harder it is going to be for investors, if not management, to judge changes in demand. Realistically you are left taking a view on whether an improvement in consumer/corporate spending, twinned with advances in electronics, translates into a robust prospect for IQE.

While this update has now informed investors of the broad improvement in IQE's market and quantified its improvement in trading, the actual results on 1 September are likely to reiterate the growth story.

From the end-December balance sheet, reported at prelims last March, financial gearing was about 50% although the interest charge reduced nearly 40% to 458,000 against 3.9 million operating profit. The ratio of current assets to current liabilities was a bit tight at 1.2 times, with 16.8 million trade payables versus 13.3 million receivables, yet manageable. Of 29.8 million net assets, 19.2 million were intangibles although IQE could be fairly described as an intellectual property business. Overall its balance sheet is satisfactory.

Once out of the closed period in early April, several directors bought shares: the chairman 222,379 at 17.8p to own 3.2 million; the finance director 60,000 shares at 16.5p as a maiden purchase; and the chief operations officer 62,000 shares at 16.5p to own 77,000 shares. This was meaningful buying supported by the progress now reported.

In summary, there is an attractive risk/reward profile here: market leading technology in a decent spread of 'new product' applications and a profit growth trend firming up attractively since 2008. Both the top down and bottom up indicators look supportive hence at about 22p a share it looks realistic to target 20 to 30% upside on a one-year view. If demand is coming together like various reports suggest, with another spell of recession avoided, this could prove conservative.

For more information see iqep.com

Continuing to look good, with results due Sep. 1



IQE plc

("IQE" or the "Group")



IQE plc (AIM: IQE), the leading global supplier of advanced semiconductor
epitaxial wafer products and wafer services to the semiconductor industry, is
pleased to announce that NanoGaN Limited ("NanoGaN"), a wholly owned subsidiary
of IQE, has been granted two separate patents in relation to its nanocolumn
technology for the production of advanced blue and green lasers and LEDs.

Patent 2008-549935 has been granted by the Japan Patent Office to NanoGaN and
protects the Group's proprietary nanocolumn technology for producing high
quality, free-standing gallium nitride substrates, which are critical for
manufacturing high quality blue and green semiconductor lasers and ultra high
brightness LEDs for Solid State Lighting ("SSL").

A second patent, No.2446471, has been granted by the UK patent office to protect
the process for manufacturing semiconductor devices such as laser diodes, LEDs
and solar cells, directly onto the proprietary nanocolumn platform.

The production of advanced blue and green semiconductor lasers and ultra high
brightness LEDs requires stable, high quality substrates with minimal defects to
increase yield and therefore reduce manufacturing costs.

IQE acquired NanoGaN in October 2009 with the aim of assisting in completing the
development of commercial products and thereafter transferring the technology to
its high volume production facilities.

IQE's acquisition of NanoGaN complemented and enhanced IQE's product portfolio
by accelerating the Group's strategic plans to develop a leadership position in
the emerging high growth markets for advanced laser projection, high definition
optical storage (including Blue Ray products), high resolution laser printing
and SSL for industrial, commercial and residential lighting. It is envisaged
that NanoGaN's core technology may also be used to further enhance IQE's leading
position in the supply of GaN products for high power RF applications.

Dr. Drew Nelson, Group CEO and President said:

"Continuous innovation is one of IQE's key attributes that enables the Group to
offer its customers the broadest portfolio of leading edge semiconductor
technologies available.

"Adding these new patents to our existing portfolio, combined with strong
internal practices to protect intellectual property and know how, play a vital
role in ensuring IQE's position as a global leader in the manufacture and supply
of advanced semiconductor wafer products for the wireless, optoelectronic and
solar industry sectors."






Contacts:


IQE plc (+44 29 2083 9400)
Drew Nelson
Chris Meadows

Execution Noble & Company Limited (+44 20 7456 9191)
John Llewellyn-Lloyd
James Bromhead

College Hill (+44 20 7457 2020)
Adrian Duffield
Carl Franklin


[HUG#1435630]

Into a BREAKOUT today after the good news