IQE 8.50 - 9p
This is my second selection and hoping that not only will double but do much better from this low point.
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.
The future of nano-technology, these tiny/minute robots would need very small processors and most sure strained silicon could provide these
What to look for
A January trading update is expected to be very good on all fronts.
Semiconductors a sector to be in 2006 .
IQE is on the road to recovery with its Silicon based products being a hot stuff for Christmas.
The company web site is advertising for jobs, it could signal to increased production.
Has enough cash to last till cash flow is positive as operating profit is a reality now.
Directors has been buying shares over the past 3 months some above today's prices .
Report for trading prospects from last Half figures August 05
First half revenues increased by 32%
Operating profit achieved in June
Total wafer area shipped increased by 36%
Further increases in revenue in the second half of this year and beyond are expected to lead to cash generation on an ongoing basis, full profitability and strong shareholder returns in the future.
