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

Quite right. That should do the trick.

Yep, should be some interesting Reports as analysts realize how undervalued the sp is and the rate of growth factoring in acquisitions. Daily Mail should update and that can really make a difference. Today's price disappointing for sure but irrelevant when it becomes clear what the fundamentals are and I would think a gradual rise to the formal accounts in sept. There must be plenty of fund Mgrs doing the number crunching right now.

Finished down on the day. I can't figure that one out !

Any ideas as to what the problem is ? Common sense says the price should be rocketing on the news.

Cheaper than chips, opportunity to top up.

Well, doubled my holding in that moment of madness, think it may have been Blackrock finalizing some dealing to take adv of the next step up (who says sp's cant be manipulated lol

Well, for whatever reason , there appears to be more selling than buying. Hang in there though as things should turn around. Let's hope sooner than later!

Patience is needed, we know the results are above expectation. There are some large players that got it wrong but as positions are unwound and corrected for the upswing, some manipulation will occur, seen it all before. Happy to sit tight. Will see 50p again soon enough

It's all rather ludicrous if you ask me. It would be good to have a clear understanding of what the hell is going on, wouldn't it !

The way I see it, at the moment there is some silly game going on, which has absolutely no relation to the value of the stock.

no silly game

only nothing goes into a strait line
retracement is the name of the game ( some take profits at that point )
giving the opportunity for others to get in at a lower price
note that has rising 50% in 3 weeks.

Play the chess game properly
and the player will win
otherwise you will be a loser

Topped up again. Again.

A minor point - I have traded this stock for a long time and no purchase or sale I have made has ever shown up on the trades section on Money AM. In fact that's not quite right, I did once buy a few shares and it showed up as a sale.

caution don't get suckered in with all those shorters still around.

Harry6
Have a look here

You may see your trade here

Pure wafer strong trading update mentions growth in semiconductor Mkt
http://www.moneyam.com/action/news/showArticle?id=4640852

Took the opportunity to top up on a few more on the fall back this morning.

This has got to be great value, pros p/e 9.!! Growth of their market, new products coming on stream, potential takeover at this level imo

But, the $64,000. question is why is the stock going down when it should be going the opposite way.Perhaps further buy recommendations in the weekly financial mags due out in the next couple of days will help,

But I certainly am not impressed by the suggestions that profit taking after a near 50% rise is justified. Perhaps if it was 100%.

seems "take the profit and run" is the market mentality these days!

That is about the size of it !