Oct 14th 2013 - Edison Investment Research today published a report on IQE (IQE.L, LSE:IQE, LON:IQE) entitled "Solid H1, But Short-term Headwinds". In summary, the report says:
IQE started the year solidly with acquisitions driving 84% growth in sales in H1 and EBITDA growing 162%. The company solidified its position in Wireless and brought CPV Solar closer to volume production. Adverse currency movements and the risk of disruption from poor performance at Blackberry and softening of the smartphone market in general, create headwinds for H2, prompting a 7% reduction in our FY sales estimate, although this is largely offset at the earnings level by lower costs. The medium- to long-term picture remains positive.
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