IQE shares have fallen c.25% over the last two months on fears that softer conditions in its core Wireless market will impact on the full year results. With three weeks of the year to go we believe these fears are overdone and leave our forecasts unchanged. As we noted at the interim results in September, the H2 weighting in our forecasts is in-line with a typical outcome for the group. Additionally the £2m IP licence relating to the Cardiff University joint venture gives us confidence that the ....
