Company
LON:IQE
IQE PLC is engaged in the manufacture of advanced semiconductor materials. The company is a supplier of advanced semiconductor wafer products in three market segments: wireless, optoelectronics, and electronics. The products that rely on IQE’s products include all forms of wireless and satellite communication systems, comprising mobile phone handsets and base stations, personal digital assistants (PDAs), global positioning systems and a range of wireless components for wireless fidilety (Wifi), WiMAX, laptops, and voice and data networks. IQE produces advanced materials for a range of Optoelectronic applications, which include lighting, displays, compact disk (CD), digital versatile disk (DVD), high definition (HD) DVD and data storage, as well as office, industrial and automotive products and solar cells. The company also manufactures high-end substrate materials, which are primarily used for advanced optoelectronic applications, such as infra red detectors and thermal imaging device IQE is traded in the ISDX Exchange HERE
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Hardware & electrical equipment
The firm reported an adjusted EBITDA for the 12 months of £26.4mln, 28.9% lower than the prior year and below a previous estimate of at least £27.5mln in a January trading update
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Aside from the tide of blue-chip results, some big second line news will also flow on Thursday from the likes of Britvic, Dairy Crest, Premier Oil, Rank Group, and Renishaw
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The cream of the corporate updates will likely come from blue-chips BT Group, Royal Mail, Royal Dutch Shell, Unilever and Diageo
Hardware & electrical equipment
The AIM 100 firm said adjusted EBITDA was expected to be at least £27.5mln, down from £37mln the year before, while revenues were forecast at no less than £156mln from £154.5mln previously
Hardware & electrical equipment
Analysts at Peel Hunt pointed out: “While it’s a first since Tim Cook took over in 2011, this will not be a surprise to those who have followed the IQE’s guidance cut and saw un-Apple like sweeteners on new iPhones deals”
Hardware & electrical equipment
The semiconductor manufacturer confirmed that it was notified by a “major chip company” in the VCSEL supply chain that it one of its largest customers would be materially reducing shipments
Hardware & electrical equipment
Analysts believe consumers, particularly in emerging markets such as India, are shunning iPhones for cheaper alternatives as Apple’s signature product becomes pricier.
Hardware & electrical equipment
The board remains confident of achieving current market expectations at current US dollar exchange rates
Investments and investor services
Michel Barnier apparently said that the bloc was willing to offer the UK a unique deal
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Updates are expected from Petrofac, Diploma and the short-seller's favourite, IQE
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The week ahead will see interims from the Restaurant Group, Petrofac, Hunting and Bunzl along with full year results from Hays and a trading update from WH Smith
Hardware & electrical equipment
The AIM-listed firm said the new technology offering has been production qualified by a leading supplier of Distributed Feedback lasers in the telecoms industry
Hardware & electrical equipment
London's occasionally under-celebrated technology sector has plenty to offer investors, especially those seeking capital appreciation over income yield
A look back at some of the more interesting stories from the junior market this week
Hardware & electrical equipment
“Phil was a great colleague and an accomplished CFO,” said IQE's chief executive and president, Drew Nelson
Investments and investor services
The Footsie has been in consolidation mode for most of the day
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Day ahead includes February UK inflation numbers, plus results from housebuilder Bellway PLC, online grocer Ocado PLC, and oil services firm John Wood Group PLC
