Iqe Share Discussion Threads

[maxwellsdemon] 19/12/2016 07:31

Phil Smith number 4730:



Phil Smith number 4730:

[someuwin] 19/12/2016 07:16

IQE PLC Iqe Plc: Board Appointment
19/12/2016 7:00am
UK Regulatory (RNS & others)


TIDMIQE


Cardiff, 19 December 2016: IQE plc (AIM: IQE, "IQE" or the "Group"),
the leading manufacturer of advanced semiconductor wafer products for
the global semiconductor industry, announces the appointment of Phil
Smith as a Non-Executive Director of IQE, with immediate effect.

Phil Smith BSc, Hon LLD, DUniv. FIET, became Chairman of Cisco for the
UK and Ireland in August 2016, after eight years as Chief Executive.
Cisco is the leading global provider of networking for the internet. Mr
Smith is also the Chairman of Innovate UK and Chairman of the Tech
Partnership. Additionally, he sits on the Board of the National Centre
for Universities and Business (NCUB).

Mr Smith has a thirty- five year track record in the technology industry
in leading companies including Philips Electronics and IBM. As Chief
Executive and now Chairman of Cisco, he leads around 5,500 people in the
UK and Ireland. He created Cisco's British Innovation Gateway (BIG)
programme, as a legacy of London 2012 to spark nationwide ingenuity,
ambition and growth through technology entrepreneurship. He works
closely with government ministers, industrial leaders and business
leaders and is a vocal advocate on the transformational nature of
technology, sustainability, ambition, inclusion and diversity and the
critical need for STEM skills in our future generations.

In September 2014 he was awarded an Honorary Doctorate by Birmingham
City University, cited for his outstanding contribution to the IT
industry, a "leader among leaders". In March 2015 Mr Smith was awarded
an Honorary Degree of Doctor of Laws by the University of Warwick and in
2016 an Honorary Degree of Doctor of Science by his alma mater, Glasgow
University.

Phil Smith is also the founding member of 'The Leaderboard', a cross
industry team of around 30 UK CEOs who compete in Triathlon based events
and have raised more than GBP800,000 for Comic Relief. In 2014 he
represented Team GB in his age group at the Triathalon World
Championships in Edmonton, Canada.

Sir David Grant, Chairman of the Nominations and Remuneration Committees,
said:

"I am delighted that Phil has agreed to join IQE's Board. He has been
hugely successful leading businesses with technologies that bring
transformational benefits to many private and public sector
organisations in the UK and the wider world. His vision, his energy and
his encouragement of leadership in a global high-technology environment
are well matched to IQE's future aspirations."

Additional information

The following information is disclosed pursuant to Rule 17 and Schedule
Two paragraph (g) of the AIM Rules for Companies. Philip Patrick Smith,
aged 59, has been a director or partner of the following companies or
partnerships during the five years preceding the date of this
announcement:




Current Directorships / Partnerships Past Directorships / Partnerships
Cisco International Limited Business Disability Forum
Cisco Systems Limited Foundation for Science and Technology
Innovate UK
The Tech Partnership
Foundation for Science and Technology
Curo Charlotte House LLP
Curo Queen Street LLP
The Invicta Film Partnership No.43, LLP
The Invicta Film Partnership No.23, LLP
ZEUS Films LLP
The Invicta Film Partnership No.4, LLP

[rivaldo] 19/12/2016 07:16

Extremely impressive new NED appointment today - the former CEO and now Chairman of Cisco UK, with prior experience at Philips Electronics and IBM



"Phil Smith BSc, Hon LLD, DUniv. FIET, became Chairman of Cisco for the UK and Ireland in August 2016, after eight years as Chief Executive. Cisco is the leading global provider of networking for the internet. Mr Smith is also the Chairman of Innovate UK and Chairman of the Tech Partnership. Additionally, he sits on the Board of the National Centre for Universities and Business (NCUB).

Mr Smith has a thirty- five year track record in the technology industry in leading companies including Philips Electronics and IBM. As Chief Executive and now Chairman of Cisco, he leads around 5,500 people in the UK and Ireland. He created Cisco's British Innovation Gateway (BIG) programme, as a legacy of London 2012 to spark nationwide ingenuity, ambition and growth through technology entrepreneurship. He works closely with government ministers, industrial leaders and business leaders and is a vocal advocate on the transformational nature of technology, sustainability, ambition, inclusion and diversity and the critical need for STEM skills in our future generations."

[sspurt] 16/12/2016 16:56

Having read it I think the Edison note is balanced and fair giving clear reasons for the revenue and other assumptions made. You may not agree with them all but I rate the analyst, she certainly seems more competent than her oppo at the shop and at least has a tech industry background.

[sweenoid] 16/12/2016 16:53

Trading update was deliberately lacking in detail, analysts need to be force fed,the Edison guy does not even mention GAN and questions the sustainability of photonics growth,when its bindingly obvious that the real momentum there has only just started?

My verdict is his update is not worth reading ;-)
S

[sheep_herder] 16/12/2016 16:46

The job of the PI is to analyse what the analyst says and find situations where they feel they're being pessimistic. And then fill their boots.

[big7ime] 16/12/2016 16:43

Most analysts get it wrong anyway so I wouldn't take any notice hammerd2,
Ennismore also have got it seriously wrong, when are they going to realise?
The city is full of twits who know very little really. I have made A lot going against broker recs

[hammerd2] 16/12/2016 16:26

There's cautious and there's modelling a <1% increase in revenue. That seems more pessimistic as it implies they are anticipating either zero growth in photonics or contractions in revenue from the other divisions.

The job of an analyst (such as it is) is surely to analyse and use their experience and judgment to model/anticipate what is most/more likely to happen.

This is simply saying "we don't know for certain what the growth is likely to be so we're guessing it will be zero".

What is the point in an analyst if they're not coming up with a conclusion until they are told what the answer is ?

[sheep_herder] 16/12/2016 16:11

Edison say, "Management is anticipating strong growth in photonics volumes related to the progress made in customer qualifications during FY16. However, given the lack of forward visibility, we are taking a cautious stance at this stage, modelling only a small uplift in revenues in constant currency for FY17. The full year results in March will be the first opportunity to review this."

[hammerd2] 16/12/2016 16:06

Utterly baffling that the Edison note is estimating just a £1m increase in revenue for FY 2017 !

Hardly seems logical that multiple single and double digit growth categories in this company could only result in a <1% increase in revenue. Surely a major ballsup or they know something we don't...

[poombear] 16/12/2016 15:49

New Edison update.

[someuwin] 16/12/2016 08:08

...All very positive.

[rivaldo] 15/12/2016 22:41

Good news tonight for MACOM and its involvement in GaN:



"MACOM Announces Final Order of Preliminary Injunction Against Infineon
Business Wire
December 15, 2016

LOWELL, Mass.--(BUSINESS WIRE)--

MACOM Technology Solutions Holdings, Inc. (MTSI) (MACOM), a leading supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products, today announced that the United States District Court for the Central District of California in Los Angeles has entered a preliminary injunction order that, among other things, bars Infineon Technologies Americas Corp. (“Infineon&rdquo;) from designing, developing, making, marketing, or selling Gallium Nitride on Silicon (GaN-on-Si) RF products that use intellectual property rights previously owned by Nitronex and now exclusively licensed to MACOM in certain fields, including basestations.

The order further requires Infineon to provide notice of the injunction to all its relevant affiliates, subsidiaries, employees, and customers.

“Our U.S. court system demands an extremely high standard of proof before it will consider issuing a preliminary injunction,” commented John Croteau, President and Chief Executive Officer of MACOM. “By upholding MACOM’s exclusive IP rights and forcing Infineon to inform customers, employees and subsidiaries that it is no longer able to design, develop or market GaN-on-Si RF products that practice the Nitronex IP in MACOM’s exclusive field, we believe that the court is sending a very clear message. As we have stated in the past, we are fully committed to vigorously litigating this case to its rightful conclusion and stand firmly against any company resorting to strong-arm tactics to usurp the rights of pioneers and innovators who move the industry and society forward with breakthrough technologies like GaN-on-Si in basestations.”

[sailastra] 15/12/2016 15:45

Shavian
The company make quite a big thing about being "Welsh" and proud of it to.I see nothing condescending in the Tempus article...Good to get a mention.....Paranoid for sure...

[yump] 15/12/2016 15:07

That wafer story looks like it could have been turned into something for April 1st.

[yump] 15/12/2016 15:06

Shavian

Getting into dangerous waters with that post - is it an example of inverted sneering ?!

classifying Cheltenham as belonging to the southern shandy drinkers ?

;-)

[jimmywilson612] 15/12/2016 14:17

Interesting about brexit's effect on wafer's:

.... :)

[someuwin] 15/12/2016 14:04

Cardiff University Verified account  ‏@cardiffuni · 2 hours ago

World's first Compound Semiconductor cluster between @CardiffUni & #IQE amongst top university projects in 2016

[panic investor] 15/12/2016 09:50

Well it is Xmas !

[someuwin] 15/12/2016 09:49

Had another top-up here today.

I think I'm firmly in the overweight camp now!

[shavian] 15/12/2016 09:01

Did I detect a hint of condescension in the Tempus piece in the Times - a typical bit of sneery City upper-lip curling use of the word 'Welsh' in the article, which was in any case tucked away at the bottom of his column? Had IQE been based in say Cheltenham the location would not have merited a mention. Or am I being paranoid? We'll show 'em when the results come out. Cymru am byth!

[lpavlou] 15/12/2016 08:07

Positive announcement as expected yesterday. I think they have underplayed the growth in photonics as we could see 50% growth for H2. They have also managed expectations on debt levels, which will have "notionally" increased due to the $ strength. Its only notional as the amount in $ wont have changed, but the exchange rate will mean that when translated to £, it will be up. We should now have a solid base in the 35/40p region and the next step up will come with the results.

[prokartace] 15/12/2016 08:02

IQE has released a trading statement for the full year to December 2016. Strong trading has continued across multiple markets and the group now expects to exceed full year expectations for both revenue and adjusted operating profit. The Wireless business has performed in-line with expectations while Photonics continues its strong performance, showing double-digit growth year on year. The pipeline in Photonics continues to be strong and the group has flagged increased capital investment in H2’16 to capitalise on these opportunities. We continue to see IQE as an IP rich market leader, in an exciting field experiencing strong structural growth. We see potential for further outperformance in both Wireless and Photonics and increase our target price to 48p (from 35p).