IQE dispels fears it will not meet guidance

IQE, a supplier of semiconductor wafer products and services, attempted to dispel fears that it will not meet earnings expectations for the second half, as it announced hitting key technology transfer milestones with solar cell manufacturer Solar Junction.

IQE, a supplier of semiconductor wafer products and services, attempted to dispel fears that it will not meet earnings expectations for the second half, as it announced hitting key technology transfer milestones with solar cell manufacturer Solar Junction.

Fears that its second-half results might be impacted by a slowdown in sales from its wireless division, followed a 'sell' note by Investec on November 28th. However, IQE Chief Executive Drew Nelson commented: "As we approach the end of our financial year, we are also confident that we will meet our earnings expectations."

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