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

IQE's CPV materials successfully qualified for ...
HUG
Cardiff, UK. 8 August 2013: IQE plc (AIM: IQE; "IQE", "the Group") announces that its material has been qualified for production-ready, high-volume manufacturing by its strategic partner Solar Junction Corporation ("Solar Junction").

Solar Junction, a developer of high efficiency multi-junction solar energy cells for the concentrated photovoltaic (CPV) market, has successfully completed the process transfer and full qualification of IQE's epitaxial materials for high-volume manufacturing.

This qualification is a major milestone which has required extensive validation of IQE's manufacturing processes, product quality and reliability in delivering material with cutting edge solar efficiency.

Solar Junction is now production-ready and at an advanced stage in qualifying its cells with the leading global CPV systems manufacturers. Solar Junction expects to receive initial high-volume orders over the coming months.

As a result of the joint development agreement in February between Amonix and Solar Junction, Amonix, the leading worldwide installer of CPV systems, is already testing solar cells produced with IQE epitaxy and observing improved performance.

Jeff Allen, Vice President of Business Development at Solar Junction, said:

"The qualification of our production-ready 42% median efficiency solar cells produced by IQE and our new fabrication line could not have come at a better time for Solar Junction and the CPV market.



"Solar Junction's key customers are highly impressed with the 2+% cell efficiency advantage over our competitor's cells, which translates to an estimated reduction in total installed CPV system cost of approximately 5%.



"The rapid adoption of our technology in the U.S., China and Middle East will propel Solar Junction to market leadership in CPV."

A recent independent industry report estimates the target market for CPV is expected to exceed 5GW over the next few years, with more than 750MW to be installed by 2015.

Initial deployment will be in Southwestern U.S., Southern Europe around the Mediterranean, Middle East and Northern Africa (MENA), Southern Africa, Chile, Australia and China.

Dr. Vijit Sabnis, Chief Executive of Solar Junction said:

"The successful qualification is attributable to the close partnership of the team responsible, from Solar Junction and IQE, over the past twelve months.



"The IQE epitaxial materials are fabricated at Solar Junction's 4" and 6" production facility, partially funded by the U.S. Department of Energy SUNPATH contract, in Silicon Valley. Solar cells are currently out for independent third-party verification of efficiency results with performance anticipated to be equivalent to that produced by our internal pilot line."

Solar Junction's successful qualification continues to demonstrate the value of its dilute nitride materials, which uniquely provides CPV system manufacturers the foundation to deliver the most efficient conversion of solar to electrical energy. In October 2012, Solar Junction achieved a World record 44% efficiency for a standard 3J cell at a concentration of 942 suns.

Dr. Drew Nelson, IQE Chief Executive, said:

"The successful qualification of IQE's production scale epiwafers for CPV marks a key milestone in bringing Solar Junction's advanced technology to market. What has been particularly impressive is that median efficiencies from our large volume 4" and 6" platforms are at least as good as have been previously achieved in small scale demonstrations.



"The performance and manufacturing advantages of Solar Junction's 3J solar cell technology will accelerate adoption of CPV and position IQE to become the key epiwafer supplier to the global utility scale CPV solar market.



"These achievements clearly demonstrate the success of our strategy to invest in Solar Junction and enter into an exclusive, worldwide license for the technology."

Contacts:

IQE plc
+44 (0) 29 2083 9400
Drew Nelson
Phil Rasmussen
Chris Meadows

This is big! Shares will be rerated

IQE receives BUY rating

These "buy" ratings have been coming from all over the show !

Let's hope for lift off. I believe the target set in the above post was 65


IQE (LON:IQE)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Thursday, Analyst Ratings.Net reports. They currently have a GBX 65 ($0.99) target price on the stock. Canaccord Genuity’s price objective indicates a potential upside of 170.83% from the stock’s previous close.

Shares of IQE (LON:IQE) opened at 24.945 on Thursday. IQE has a 52 week low of GBX 18.00 and a 52 week high of GBX 37.85. The stock’s 50-day moving average is currently GBX 26.62.

Several other analysts have also recently commented on the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of IQE in a research note to investors on Wednesday, July 24th. They now have a GBX 55 ($0.84) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of IQE in a research note to investors on Monday, July 15th. They now have a GBX 40 ($0.61) price target on the stock.

One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. IQE currently has a consensus rating of “Buy” and a consensus target price of GBX 45.83 ($0.70).
r lift off. I believe the target set in the above post was 65.

I suppose that a good start will be the taking out of the 50 day moving average of 26.62

Canaccord Genuity is the house broker so I not sure how subjective 65p is.

it appears a little unreal that it is currently trading on a forward P/E of 7.5

I would have thought that @30p was a more realistic target short(er) term.

I think a re-rating is due (maybe overdue) and a forward P/E of 12 would be circa 45p

I might add Blackrock are still shorting IQE and holding 2.7% since late June

As far as I can see, when the stock was at about 35, the good news coming out was overshadowed by talk of Qualcom developing a chip that would take business from IQE.

Instead of going up, it went down . However, continual good news should pour cold water on that idea. Even at 30p, I reckon the stock to be ludicrously undervalued !

I suppose that a good deal of the problem stems from the fact that many have a poor understanding of what the business is all about.

Think the real re- rating will come with next update in september.

Not long to go now.

Short tracker Blackrock short position

I think we might see a rise as the shorters come under pressure to buy.

who would be shorting at this time and why ????

The shorter you are the less you can see !!

I guess it depends where you look!

that's called a short squeeze, could end up looking [at] a right tit

Lack of Broker updates today,perhaphs we will get them tomorrow.

Bernie always looks a right tit, Activmoto - I don't know what women see in him, apart from his bank balance of course!

Another share on my watchlist at the moment, looks to me like the share price should be doing better than it is.

now at 50 day moving average of 26.62

Do you mean the 200?