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IQE Results, a bad share tip so far but now a good recovery play

By Steve Moore | Wednesday 17 September 2014


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Leading global supplier of advanced wafer products and services to the semiconductor industry, IQE (IQE) has announced results for a first half of the 2014 calendar year impacted by “a significant inventory correction in the wireless industry and the translational effect of a strengthening of the sterling exchange rate against the US Dollar”, though adding that “destocking was concluded during Q2 and customers are forecasting an upbeat second half”


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