Recommended by myself as a Strong Buy at 8.00-9.00 pence on 15.10.04
http://www.iqep.com/
Daily Execution Price and Volume


(USA)

Semi Index

!FUNDAMENTALS!NEWS
Preliminary Full Year Results - Tue 22 Mar 2005
IQE plc was formed in May 1999 by the merger of two leading wafer foundries, each with a proven track record in the supply of high quality electronic and optoelectronic materials produced using MBE and MOCVD platforms. We believe that the expertise and experience across a diverse range of materials available from IQE is unparalleled within the compound semiconductor industry.

LATEST NEWS :
RNS Number:8494E
IQE PLC
04 November 2004
IQE secures major outsourcing contract with leading RF component manufacturer
IQE's North American subsidiary, IQE Inc, today announced it has secured a major
outsourcing contract to supply a leading North American RF Component
Manufacturer with epitaxial materials for its RF based components used in mobile
handsets. The agreement, which is effective from 1st November 2004 and is for a
minimum term of two years, renewable annually thereafter, provides for IQE's
Bethlehem site to supply more than 90% of the customer's anticipated demand for
their advanced RF wafer products and is estimated to be worth around US$25
million in revenue to IQE over the initial two year period. As a result of the
agreement, internal wafer manufacture at the customer's site will cease. Both
parties have been working closely together for several years; a relationship
through which IQE has gained a high degree of confidence in its own ability to
service the outsourced epiwafer needs of major manufacturers.

IQE's President & CEO, Drew Nelson said "This agreement with such a prominent
global supplier of RF components for the cellular phone market demonstrates a
clear movement towards the outsourcing model within the compound semiconductor
industry. Their selection of IQE as the primary partner, as a result of our
large and comprehensive production capacity, and low cost structure, endorses
the Company's commitment to the outsource model"

A spokesman for the customer commented: "outsourcing certain products and
services such as the manufacture of our RF epitaxial wafers allow us to
concentrate our efforts on the processes that add significant value to our
product offering within the global, highly competitive RF market place and we
are pleased to build on previous work we have undertaken with IQE. This
agreement will allow us to be one of the most highly cost effective players in
the RF component marketplace"

Tradeshows
IQE actively participates in a wide range of tradeshows, conferences and seminars throughout the World.
IQE will be participating in the following forthcoming trade event:
--------------------------------------------------------------------------------
EVENT LOCATION DATE
--------------------------------------------------------------------------------IEDM 2004 San Francisco, CA 07 Dec 2004
(05 November 2004)
The Company was notified today by Canada Life Limited, that following the
purchase of 2,000,000 ordinary shares of 1 pence each in the Company ("Ordinary
Shares") at 11.6 pence each, Canada Life Marketing Group is now interested in
14,551,156 Ordinary Shares. These Ordinary Shares represent 4.6 per cent. of the
issued share capital of the Company.

(20 October 2004) Scottish Widows Investment Partnership Ltd on
behalf of Lloyds TSB Group plc and its subsidiary companies, that they are
interested in 24,020,662 ordinary shares of 1 pence each in the Company
("Ordinary Shares"). Of this interest, 22,039,762 Ordinary Shares are material
interests, which represent 6.98 per cent of the Company's current issued share
capital.

Director Holdings :
Dr Drew Nelson 26,724,636 (5 Nov 2003)
Dr Michael Scott 26,157,970 (5 Nov 2003)
Martin Lamb 3,775,584 (5 Nov 2003)
Dr Godfrey Ainsworth 1,627,020 (20 Oct 2004).

Buy Note published by House Broker Evolution Beeson Gregory on 04.11.04 :

Evolution Securities 100 Wood Street, London, EC2V 7AN 020 7071 4300
Evolution
SECURITIES
www.evosecurities.com 4 November 2004
IQE (IQE) Buy
Mkt cap: 36m Net cash: 11m Contract win Price/Target: 11p/15p
Breakthrough contract win
IQE has announced that it has won a $25m two year outsourcing deal
with a leading US RF component manufacturer. This is a genuine
breakthrough for IQE it gives us the confidence needed to raise our
target price to 15p
IQE have won a major outsourcing contract with a leading US Radio Frequency
wireless/mobile components company. The contract has a minimum term of
two years and an initial value of $25m. This is one of the four contracts that
management were referring to at the time of the fund raising in November
2004. The other three do not appear to be close to signing at present but the
list of potential customers is still there and management continue to talk to
other parties. This contract win proves that there is a market for wholesale
outsourcing of epitaxy and we expect others to follow but not in the
immediate future.
We estimate the split to be $10m:$15m between year one and year two. The
contract involves the closure of the customer's facilities and because of the
sensitive nature of this the identity of the customer has not been announced.
We are not changing our forecasts. This $10m for the first year is already in our
27.2m revenues estimate for next year. It is worth noting that because the
contract is with an existing customer there is an element of revenue substitution
in this contract. However, this announcement does mean that we are
considerably more comfortable with the forecasts than we were.
If more contracts come through, the revenues should go straight into our
forecasts. We would not expect the other contracts to be as substantial as this
but given the marginal loss/profit scenario we have forecast for next year their
effect on earnings could be significant.
As a result of this announcement we have increased confidence in the forecasts
and so we are increasing our share price target to 15p.
Ian Robertson +44 (0)20 7071 4463 ian.robertson@evosecurities.com EVO Securities is broker to IQE
Year end Sales (m) EBITDA (m) PTP (m) EPS (p) PER (x) Yield (%) EV/Sales (x) Revised?
12/03A 18.8 -11.3 -12.8 -6.2 - - 1.3
12/04E 17.1 -8.3 -9.9 -3.1 - - 1.5 No
12/05E 27.2 0.4 -1.5 -0.5 - - 0.9
21. 75 1 5/1 0/03 LOW 2 .20 11/ 3/0 3 LAST 8 .50 Source: DATASTREAM

100,000 buy has come through at 10.65 pence.

"9.75-10.75 pence...tick down on the offer.

That's only because more larger buys are being filled in the background at set prices around this level."


And I suppose that when the bid ticks up its due to large sells being filled in the background ????

You don't half talk some sh*te Sue !

Mostly encouraging but the below is from the last set of results I gather, the next set of results will be announced next Tuesay. It seems they about the same level as IQE, outlook sort of the same as IQE :

Soitec reports record sales for the 2nd quarter and for the half-year 2004-2005

- Soitec reports record sales for Q2 2004-2005 of 33.8 million Euros
- First half 2004-2005 consolidated sales increase 55.7% to 66.4 million Euros
- H1 2004-2005 operating profit expected almost at breakeven


Positive Outlook

Growth in first half-year sales, as well as a one-time benefit of 4 million U.S. Dollars, or 3.3 million Euros, from Silicon Genesis Corporation relating to damages for patent infringement, will favourably impact the Groups overall profitability. An operating margin almost at breakeven should be expected.

The Group confirms that its 300-mm manufacturing margin for the first half benefited from the strong volume increase, and as a result confirms that breakeven will be achieved in the coming months.

Concerning full-year sales, the Group anticipates annual year-on-year growth similar to the first half if the current exchange rate remains unchanged. The group will provide full-year operating results guidance with the half-year results release.

Reporting Calendar

First-half year results of the financial year 2004-2005 will be announced on Tuesday, November 16, 2004 after the Paris Stock Exchange closes.

http://www.soitec.com/en/news/pr93.htm

Large buy for 200,000 shares has just come through at full offer price of 11.00 pence.

3G handsets in 2005: sector news

"With regard to the 90-nm manufacturing process node, Denis Griot, Freescale's European general manager, told a press conference held at the Munich exhibition complex: "We are clearly the leader of the Alliance in taping out." He also said: "We have taped out basebands in CMOS90. The silicon has come out first time right. One of these will be in a production handset in the first quarter of 2005."

http://tinyurl.com/5behb

Another very large buy comes through : 270,000 shares buy at 10.70 pence.

10.50-11.00 pence

Up on the bid.

As KLWT are alone on the bid....I reckon they are filling another large buy....but the one they are currently filling will most likely be reported as a T buy later on towards close at a price of 10.70-11.00 pence.

PS. KLWT filled the 4 million buy on Thursday last week at 11.42 pence.

Coincidence :

EVO picked up exactly 270,000 shares today from retail investors at 10.34 pence. And a 270,000 buy gets filled at 10.70 pence.

Re : my posts during the week about larger buy orders on the MMs books.

The 50,000 trade reported just now at 10.70 pence is a buy, can still buy at 10.70 pence online - trade has gone in the sell column.

Ice cream and epiwafers anyone?

250,000 T buy came through at 10.50 pence towards close.

KLWT filled the 250,000 T buy but at 10.50 pence re- post in the morning about the chunky buy - this was the one for the sudden leap first thing in the morning on the bid.

EVO had one buy order to fill - 270,000 buy at 10.70 pence and KLWT had one buy order to fill as well - 250,000 T buy at 10.50 pence.

Correct distinction between buys vs sells at close :

Buys = 1,280,574
Sells = 317,512.

Larger buys of the day :

130,287 buy at 10.65 pence
100,000 buy at 10.65 pence
200,000 buy at 11.00 pence
270,000 buy at 10.70 pence
250,000 T buy at 10.50 pence.

We may have another instituition buying :

Thursday 04.11.04:

2 Million buy at 11.61 pence - belongs to Canada Life Limited
4 Million buy at 11.41 pence

Friday 05.11.04:

500,000 T buy at 12.00 pence
250,000 T buy at 12.25 pence
250,000 O buy at 12.25 pence
250,000 VW buy at 12.25 pence

Monday 08.11.04:

250,000 T buy at 11.50 pence
100,000 T buy at 11.50 pence

Tuesday 09.11.04:

250,000 T buy at 10.25 pence

Wednesday 10.11.04:

258,974 buy at 10.38 pence
500,000 X trade at 10.50 pence - transfer of 500,000 shares from one instituition to another.
500,000 T buy at 10.00 pence.

Thursday 11.11.04:

130,287 buy at 10.65 pence - Retail Investor
100,000 buy at 10.65 pence - Retail Investor
200,000 buy at 11.00 pence
270,000 buy at 10.70 pence
250,000 T buy at 10.50 pence.

"Networkers, hardware and semiconductors were among the best performing
sectors".

Wall Street - U.S. stocks surge as tech rallies - UPDATE 6

NEW YORK (AFX) - Stocks were extending their gains Thursday afternoon as
Intel paced a rally in technology amid news of a management shuffle at the chip
giant that included the retirement of its founder Andrew Grove.
Coca-Cola Co. stood out in the red, however, after the soft drink giant issued a
disappointing outlook.
The Dow Jones Industrial Average was last up 97 points, or 0.9 percent, to
10,482 while the Nasdaq Composite Index jumped 24 points, or 1.2 percent, to
2,058 and the S&P 500 added 11 points, or 1 percent, to 1,174.
"I think the general market should now be viewed in more of a positive way,"
said Hinsdale Associates director of investments Paul Nolte, who is encouraged
that stocks haven't backed off after the recent big gains.
"I think it's entirely possible to hang on to this level or something around
here into the weekend," Nolte said.
After a dismal showing in the previous session, tech stocks were on rebound
Thursday. Networkers, hardware and semiconductors were among the best performing
sectors.
Intel was putting in a strong showing, up 1.5 percent, after the No. 1
chipmaker named current president and chief operating officer Paul Otellini to
be chief executive, replacing Craig Barrett, effective at the company's annual
meeting May 18.
Barrett will succeed Grove, the founder of the company, as chairman of the
board, while Grove will serve as a senior adviser to the board and senior
management.

You have no idea by looking at the size of the trade whether its a retail investor or an institutional investor you pratt.

Some retail investors do deal in amounts greater than 50p and some institutions deal in amounts of 10k or less.

More bullsh*t and boll*x from Sue.

Maybe your an mm Sue , that way you would be sure and would explain why most of your picks are no hope ramps.

Up 5.56% (USA)

http://tinyurl.com/4mk66

Semiconductor :

Semi Index up 2%

Tech' stocks bubbling again :

Wall Street surges as technology rallies

NEW YORK (AFX) -- A rally in technology stocks boosted the Nasdaq to a
7-month high Thursday while lifting blue chips into positive terrain on the year
for the first time in four months. The Dow Jones Industrial Average rose 84.36
points, or 0.8 percent, to an unofficial close of 10,469.84 while the Nasdaq
Composite Index popped 26.71 points, or 1.3 percent, to 2,061.27 and the S&P
500 climbed 10.57 points, or 0.9 percent, to 1.173.48.
This story was supplied by CBSMarketWatch. For further information see
www.cbsmarketwatch.com.

Distinguishing Trades :

73,500 BUY comes through at 10.70 pence...Online buy price is 10.70 pence.

Source : Comdirect.

Level 2 at 1 v 2 :

KLWT alone on the bid at 10.50 pence, we should expect another large T buy to appear again towards close.