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

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.

Interesting and promising article

http://news.bbc.co.uk/1/hi/business/8292101.stm

Thanks for post gf. Obviously,this is the area where IQE expect to be heavily involved

IQE (16.5p) View from Midas (Hold):-

15/10/09

IQE

Almost a year ago today, Midas Extra recommended shares in IQE , a Welsh-based technology firm.

The company is small and specialised but it is a world leader in a product called gallium arsenide, a crucial ingredient in the software chips for a wide range of products, including the increasingly popular iPhone.

Most people have heard of silicon chips but gallium arsenide chips are much more powerful, much more efficient and much more flexible. In fact, the first iPhone had just one such chip, later models used four of them and now some mobiles have up to 18 of them, as phone manufacturers turn mobiles from something used to make and receive calls into mini-computers.

Gallium arsenide is also used in laptops, satellite navigation systems in cars, TV satellites, CDs and DVDs. It is used too in so-called LED lighting, which is highly energy efficient and expected to replace ordinary light bulbs entirely over the next ten to 20 years.

Last week, IQE expanded its presence in the LED field through the acquisition of NanoGaN, a technology group spun out of the University of Bath. NanoGaN has pioneered a way of making next-generation lights that are more powerful, more efficient and longer lasting than anything currently on the market.

The lights, known as LED and blue-lasers, will be used for electronic devices, such as phones and computers, but also for homes and businesses. The technology behind these lights was invented by Professor Wang Nang Wang, chief executive of NanoGaN and he is joining IQE as chief scientific advisor.

The acquisition does have an element of risk but IQE chief executive Dr Drew Nelson, has minimised the downside by paying just 400,000 up-front with the remaining 3.2 million to be delivered as and when NanoGaN meets certain targets.

IQE is expected to deliver profits of 2.2 million this year, compared to a loss of 1.4 million in 2008. In 2010, profits of more than 3 million are expected, rising to 5 million the following year.

Midas verdict:

IQE shares were 12.8p last October. They fell as low as 6p at the beginning of 2009, not because the business was doing badly but because the market was worried about small technology stocks. Now they are 16p, a rise of 25 per cent. There is plenty of further upside in this business, especially after the recent acquisition. HOLD.

I like the sound of this
The price is also responding,up 1.25 including yesterday.

Now up 2 on the day

Yep going well chessplayer.

Should be good news for IQE:

http://news.bbc.co.uk/1/hi/technology/8305306.stm

Jumped in with you lot today....and I can't believe it...I'm at a small profit already....looks like a very promising addition to IQE this Nano..blue lazer light company....

Quite. It could be a real sleeper (as in sleeping dogs)

Market cap is quite small...big potential with patents ..rights....perhaps silicon valley (USA) interested.....my target is 30p....(guesswork)....

Interest has started where it left off last Friday.It's all buying at the mo.

Retro Broker Note..

This is the note I referd to where the Broker as a target price of 20p and was before last weeks acquisition....

Sep 02
2009 Stepping up the pace

We detailed our positive thesis on IQE in our recent initiation note (see IQE: Proven resiliency, July 2009). After todays interims, in which management point to a return to pre-recession levels of trading in Q309 and recent share gains, we remain bullish on the second half and the groups longer-term prospects. The wireless supply chain is on an even keel after a period of nervousness in H109 and IQEs financial performance should see a step-wise improvement in H209.
Research type: Update - Interim results

http://www.edisoninvestmentresearch.co.uk/?ACT=18&ID=2188

late yesterday by all accounts.....

IQE PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
19-10-09 BUY 3.84 0.72 6.60 1.34