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

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

Keep an eye on this stock could go places.

Seems the mobile phone industry chip sector is about to go realy bullish.

Nokia beats expectations...

6:31 AM

Nokia (NOK): Q3 EPS of 0.17 beats by 0.03. Q3 EPS including a surprise 908M goodwill writedown at its networks unit (due to "challenging market conditions") of -0.15 misses by 0.29. Net sales of 9.8B (-19.8%) vs. 9.95B consensus. Shipped 108.5M phones vs. 107.2M consensus. Avg. price of 62 in line.