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

Panto - thank you - not that I still completely understand. Perhaps its better that I stay ignorant as my porfolio of 13 stocks (including this one) is currently 73% to the good !! Thank you again

U S job figures up 195,000. Should give a boost to the whole market.

2013 IQE PLC IQE N+1 Singer Buy 19.88 19.75 45.00 45.00 Retains

SP TARGET 45p

A very good end of the day, and looking like the 20p will be finally a thing of the past

10 Jul 2013 IQE PLC IQE Espirito Santo Execution Noble Buy 20.38 20.25 55.00 55.00 Retains

55p SP Target.

Moving up nicely , very nicely.

after 12pm the shares got speed on its back and up they went, spiking 22p just like that

sp really motoring now.

MM's seem to be trying to keep a lid on this one.

Cracking day for IQE.

Wonder if Shares Mag as tipped it.

They did give it a passing mention as a buy this week, but their big plug was a couple of weeks back when they gave the figure of 65. But, they have long been big fans as well, I believe as is also I.C.

IC out tomorrow aswel.

Cracking day.

Expecting another cracking day tomorrow.

Newspapers should be full of the rise today.

Moving up faster than i can spit.

Ohh what a fantastic run.

25p resistance next target to overcome.

Shorters buying back in a frenzy.

From across the road......

"In case you were not aware, the main reason for the massive increase today (12%) as we speak, is due to an Investors Chronicle on line recommendation from Simon Thompson at midday (with a 40p target!). The article has clearly kickstarted an upward momentum in the price".

Certainly looking positive

It is about time this moved in the right direction, I was beginning to lose patience!

WOW I am showing a profit again - thank you IC