21 March 2012 – IQE’s results showed good momentum….revenues up 4% to £75.3m, pre-tax profit up 9% to £6.9m….. despite the inventory correction by two major wireless customers in the fourth quater. The company is in a sweet spot, benefiting from evolving technology and its inceasing up-take across the globe. LONG TERM BUY.
IQE – 27.8p
