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IQE Reports Q2 Sales At GBP6.357mn, Compared With GBP13.158mn Last Year.

IQE reports Q2 sales at GBP6.357mn, compared with GBP13.158mn last year. The net loss was GBP52.3mn. Last year a net profit of GBP0.621mn was made in the same period. The company wrote off GBP33.866mn in
A further write-off of GBP7.970mn relates to fixed assets in the USA. These
involve four MOVPE machines and associated cleanroom infrastructure for
which the company sees "no forecast activity" through to 2003, given
significant capacity in Cardiff, Wales.

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