UPDATE 1-Tech firm IQE sees H1 ahead of market view

* Sees sales volumes up in H2

* Sees H1 revenue about 32.8 mln stg

* Shares indicated up more than 9 pct
(Adds details)

July 15 (BestGrowthStock) – British technology firm IQE Plc (IQE.L: )
said it expected first-half performance to be significantly
ahead of market expectations, driven by robust wireless product
sales and increasing demand for optoelectronic and
silicon-based wafers.

IQE also remained positive on its outlook for the second
half, with sales volumes expected to grow further, driven by
increasing demand for smartphones and high-speed wireless
technology, the company said in a statement.

Analysts on average are expecting the company to post a
pretax profit of 4.2 million pounds ($6.41 million) on revenue
of 61.7 million pounds for fiscal 2010, according to Thomson
Reuters I/B/E/S.

IQE, whose semiconductor wafer products are used in mobile
handsets, Wi-Fi, WiMAX, DVDs, laser printers and photocopiers,
said it expects first-half revenue to grow over 50 percent to
about 32.8 million pounds.

Shares of IQE, whose customers include TriQuint
Semiconductor Inc (TQNT.O: ), RF Micro Devices Inc (RFMD.O: ) and
Anadigics Inc (ANAD.O: ), were indicated up 9 percent at 20.5
pence at 0653 GMT on Thursday on the London Stock Exchange.
($1=.6550 Pound)
(Reporting by Anirban Sen in Bangalore; Editing by Roshni
Menon) (([email protected]; within UK +44 207 542
7717; outside UK +91 80 4135 5800; Reuters Messaging:
[email protected]))

UPDATE 1-Tech firm IQE sees H1 ahead of market view