IQE plc (IQE) has announced results for the first half of 2022, arguing “the business has demonstrated resilience” and “strong progress” against its strategic transformation goals. Really?
Drew Nelson is the scumbag who as CEO of IQE (IQE) persuaded thirsty share bloggers and other gullible souls that his low grade commodity business, based in the rain sodden, post industrial, covid ridden, second world wastelands of South Wales which never generated a cent of cash was somehow a great growth stock. That justified paying Drew a vast salary but that was not enough to sate his greed.
IQE plc (IQE) has announced it has filed a lawsuit in the U.S. Federal Court in California, stating it has “significant evidence” that Tower Semiconductor misappropriated IQE's trade secrets to unlawfully obtain patents on IQE's technology. Tower Semiconductor is a US-listed (Nasdaq - TSEM) circa $5 billion capitalised company which giant Intel is currently in the process of acquiring.
IQE plc (IQE) states it is “pleased we have met our expectations and commitments for H1 2022… the group's view of the full year remains unchanged”. With it describing itself as “the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry”, this good news then?
The new CEO of IQE (IQE) - the chipmaker who seduced both Malcolm Stacey and thirsty Paul Scott - starts his reign where the old one left off, as dismal calendar 2021 results post today. Will this company ever generate cash?
Just how many profits, or rather lack of profits, warnings has IQE (IQE) issued during the 21 years since its 2000 IPO at c400p. The shares are today 40p after the Pride of the Welsh tech sector added another warning to its, already extensive, collection. I hope that folks have listened to my warnings over many years that this is a dog with fleas, or ci gyda chwain as we say here in the post-industrial, rain sodden, second world province.
There are two ways of viewing IQE plc (IQE). One, mine, is correct. The other, as pushed by the share promoters, the numerous corporate brokers and financiers who see its constant demands for fresh debt and equity as something of a gravy train, is not. Let’s start with those who are wrong.
Crafting a brief one side of A4 trading statement as chip maker IQE (IQE) has today is not exactly a great effort. This is not translating the complete works of Shakespeare into Hungarian and then onto Welsh. So if something is left out, you must ask why?
Hello, Share Presenters. With the markets closed, and rather static anyway, I take the opportunity to warn of a common pitfall I still fall into. Unlike most of my co-writers, my main strategy is to try to make educated predictions about the future, rather than rely on balance sheets which reflect the past. One of the main tools of this policy is to assess global trends.
Hello, Share Sorters. Emboldened by my re-referring you to Avacta (AVCT) this week, let’s look at another share which Uncle Tom has worried about in the past. IQE plc (IQE) is a Cardiff techno firm employing 650 people that has seen huge jumps and falls in its share price over the last few years. It’s had its overvaluation issues during that time. However, there’s some news now that could put it back on the upward path...
