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

22 August 2007

Good stuff... look at this..

IQE plc


IQE wins multi-year contract as preferred Epi wafer supplier to ANADIGICS Inc.

IQE plc (AIM: IQE, 'The Group') is pleased to announce that its RF Business Unit
has been selected by ANADIGICS Inc. to be their preferred supplier of advanced
GaAs epi wafers. As part of a multi year contract, valued at approximately US
$50 million over the first two years, IQE will provide a wide range of wafer
products which will be used to manufacture leading edge wireless chips for 3G,
WiFi, WiMAX, broadband and set top box applications.

IQE plc also today published its Interim Results for the half year ended 30 June
2007 which show revenues up 80% at constant exchange rates to 26.2m and an
EBITDA profit of 1.3m (H1/2006: EBITDA loss 0.8m).

Dr Drew Nelson, IQE Chief Executive said:

'We are extremely pleased to have been awarded this preferred supplier contract
from one of the world's leading suppliers of advanced chips to the wireless
communications industry. We have been working very closely with ANADIGICS over
the last two years, to support their rapid growth plans.

'This major contract award recognises the unique advantages that IQE can offer
as a pure play wafer supplier, including multi site, multi platform
manufacturing, a complete product range for the wireless communications
industry, significant additional wafer capacity to support the rapidly growing
demands of this and other customers, and the advanced engineering support for
current and future product development that we can provide.'

Dr. Bami Bastani, President & CEO of ANADIGICS said:

'We have chosen IQE as our preferred epi supplier on the basis of their
diligent support of our rapidly growing business over the last two years, and in
recognition of their wafer production strategy which gives us confidence that
they can fully support our aggressive growth plans over the next few years. We
are very happy to have concluded this agreement with IQE.'

22 August 2007


IQE plc

Global wireless strategy drives IQE to operational profitability

IQE plc (AIM: IQE, 'the Group'), the leading global supplier of advanced wafer
products and services to the semiconductor industry, announces its Interim
Results for the half year ended 30 June 2007.

HIGHLIGHTS

Revenues up 62% at 23.7m (H1/2006: 14.6m), despite the impact of an
adverse USD exchange rate. Revenue up 80% at constant exchange rates to
26.2m.

Gross profit up 206% at 3.9m (H1/2006: 1.3m)

EBITDA profit 1.3m (H1/2006: EBITDA loss 1.1m before exceptional gain)

Operating profit 0.1m (H1/2006 operating loss 1.8m before exceptional
gain)

Cash generated from operations 0.4m (H1/2006 outflow 3.4m)

Net cash outflow 2.8m (H1/2006 outflow 5.1m)

Half year cash balance 1.3m (H1/2006 1.2m)

Acquisitions made during 2006 integrated smoothly and contributing
strongly

Also announced today; a multi-year preferred supplier agreement signed
with an existing customer, one of the leading wireless chip manufacturer,
expected to be worth at least $50m over first two years - see separate
statement

Relocating to larger state-of-the-art facility in Singapore to enable
significant future capacity expansion in Asia Pacific

Major R&D programme secured worth $4m


Dr Drew Nelson, IQE Chief Executive, commenting on the results said:

'Continued strong growth in the global wireless marketplace combined with a
shift towards high-end, fully-featured handsets, high speed wi-fi and satellite
communications systems, all of which use increasing amounts of our products,
have driven revenues ahead of expectations during the first half of the year.
This is despite the impact of a slow start in January and February and a weak
dollar.

'Our position in the wireless market was substantially bolstered by the two
major acquisitions made during 2006. This has positioned IQE as the clear
leader in the supply of wafer products to the global wireless communications
industry as confirmed by Strategy Analytics. We have also today announced the
award of a very substantial, multi-year, preferred supply agreement with one of
the world's largest wireless chip manufacturers, worth in total at least $50
million over the next two years.

'I am extremely pleased to announce the Group's move into operating profit as a
result of the substantially increased revenues and strong operational gearing.
This is a key milestone in our continuing progress and clearly demonstrates the
strength of the business model. As more customers become cross qualified at our
various manufacturing locations worldwide, we will be able to leverage our
additional manufacturing capacity, which we expect will result in continued
strong growth.'

WHAT' S RSI.

Results out today look really impressive.
What chance for a big rebound?
SHARES have long been a big fan

Has anybody got any clues as to why IQE are being sold at a discount at present. Can't find anything bad to say about the company, future looks VERY rosy so I am a tad puzzled.

I'd stay in and wait....

It's the market....nothing to worry about... this'll be a solid performer when the market finally picks up !

I was in IQE last yr and made a little bit on it. If I had sum spare funds available I'd go in again at these levels and expect to double from here ! (imho/dyor)

Yep, I think you may be right Skyhigh. Was only holding a small, free, holding following a trade some time ago but added a few more today when I found the shares were being offered at a small discount to quoted price; seemed too good an opportunity to miss. Time will tell!

Hi

Can't believe this doesn't get a mention on here. Went from 3p at the height of the downturn to 14.75 today.

I know, been a great run, was in from 5p.

I got in at 9p. Been in twice before over the last couple of years and made a profit both times :-)

queen1, With you on this one, also in at 9p, again having been in and out in the past. Maybe, 20 to 25p for an exit this time?

25p would be good Ray A. Recommended as the only buy in Shares sector of the week article last week. Hopefully they're right on this one!

IQE predicts strong second half

Wafer products and services provider to the semiconductor industry IQE posts an interim operating loss of 0.8m as demand fell.

The firm's operating loss compares with a profit of 1.6m last time.

Sales for the six months to the end of June fell to 21.4m from 30.2m with EBITDA down at 1.9m from 3.6m before an exceptional charge of 1.6m a year ago.

But the firm says trading has returned to pre-recession levels in Q3, positioning the group for a strong second half performance.

Surprise! Surprise!

Thought this would happen so halved holding on Friday. Somethings are so predictable.

SHARES MAGAZINE

Emerging markets
Buy IQE

Acquisition of NanoGaN for 400,000 and another buy reccommendation from SHARES. (8/10) Up from low of 4 to 16p
Looks interesting. Any further views on this one?

Does look interesting and with tech stocks outperforming.....could be a good one.

I'm in for a third time :-)

According to Shares,they are looking to become a leader in the area of lasers and solid-state lighting(SSL) 'whatever that may be! Anyone in the know?

Yes would agree these look very interesting and bought yesterday.

Tech sector especially chips etc is outperforming at the moment chart is impressive and Edison brokers had a 20p SP target on this one before this acquisition.

they look undervalued to me in every way.....

Looks to have been some big buying action in these this morning.

http://www.edisoninvestmentresearch.co.uk/?ACT=18&ID=2270