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

Eps 2.09p

What about the differene in those broker prices in 884 above! One has a 95 p target. one wonders if they are referring to the same company, or are the others missing something !

35p would make me very happy

At the moment though, however good the results, it certainly is not being reflected in the price.

At this price it's going to be taken over, no brainer

N+1 Singer Buy 24.00 23.75 35.00 35.00 Retains

Finncap Buy 24.00 23.75 - - Retains

As far as I am concerned , the broker views on IQE don't make the slightest difference. For example, according to Hargreaves and Lansdowne, 4 of 5 brokers rate IQE as a strong buy. So where is the sense after yet another excellent result ?

And another downturn in SP !!

Some shares move up with no news or trades. This one with trades and good news falls. STUPID I call it.

Canaccord Genuity Buy 23.13 23.75 35.00 35.00 Reiterates

With EPS of 2 p , the stock currently trades on about 11.5 times. Certainly seems low for a growth stock.

If you compare with other companies of similar ebitda profits, the Mkt cap here is way under valued, could easily be 35p and still look good value. I bought this for the growth prospects too, would have thought with so much in the pipeline the p/e would be quite high. Time for a re-rating - it happens! Suddenly it will go whoosh, Or taken over now by a much larger player, that would upset Blackrock. I fail to see any downside at present as BR closing their short will push it higher, I cannot imagine they would be thinking of increasing it further. P/e now around 11 so if the sp slips this is sure to get taken out.

This as well as QPP and SUMM are down.

Where is the sense in what is going on here. Down another half point ! You can understand if the results are not good, but by all normal criteria, they are stellar.

Not that I am overly surprised, but as many of you will be aware this is far from the first time for IQE. If there was a special medal for masochists, IQE holders should be the first to recieve them !

Do you wonder at it with Blackrock 4.87% and Ennismore 1.04% short, presumably these guys are making money on margin but they punish us PIs. I have been riding the ups and downs here for a long time (following Simon Thomson!) but this time I gave in selling up at 8.00 yesterday at small loss. Yes, I am looking to get back in again below 20p!

We need a really good bear squeeze to shake these blighters off the tree and the trigger for that has to come from the board by announcing some really uplifting news. perhaps some of are Welsh friends can get to the AGM and ask pointed questions?

When a company is clearly doing well, surely the more prosperous approach for these people will come from buying rather than selling !

I call it unfair manipulation.

And of course many would be buyers are therefore discouraged . Still, hopefully a reality check is not far off.

it's only unfair if you aren't on the same side :-)
there really is nothing at all unfair about shorting a stock, and when it goes wrong, it can also be pretty spectacular

QE - a leading global supplier of advanced semiconductor wafer products and services - has delivered the first 200mm (8") GaN on Silicon wafers into the Singapore-MIT low energy electronic systems (SMART-LEES) programme.

Conventional CMOS is now rapidly reaching fundamental limits of silicon performance despite the ever decreasing transistor linewidths and highly complex architectures being deployed by leading semiconductor companies globally. This has lead to many leading foundries and IDMs actively developing Compound Semiconductor on Silicon (CSoS) technologies in order to exploit the highly advantageous electronic, optical and power handling properties of Compound Semiconductors, whilst continuing to use the scale and cost structure of existing silicon semiconductor fabs. The SMART-LEES programme in Singapore is a $50m initiative, developing, among other technologies, a comprehensive array of CSoS technologies to facilitate complete monolithic integration of CMOS and Compound Semiconductor circuits, in a way that allows the processing of the wafers through conventional 200mm CMOS processing lines. In addition, design libraries will be developed to allow widespread adoption of these technologies across multiple end markets.