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??

Broadly positive:

Semiconductor group IQE said sales in the first quarter of the year is up 53% year-on-year and up 19% compared to the last quarter of 2005.

According to the firm's AGM trading statement, it has obtained 5m in working capital from its bankers in the form of 3m loan and a 2m overdraft to help fund increased growth.

Dr Drew Nelson, president and CEO, said: 'We look forward to continued strong growth as the Group's capacity utilisation continues to increase and the industry continues to expand.'

Yes ! good news this morning....encouraging in the current backdrop.... should boost the sp over the next 6 mnths.....