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  "documentTitle": "IQE plc (IQE)",
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  "notes": "This is page 15 of a research note or activist short report targeting IQE, focusing on accounting adjustments and relationship with CSC.",
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      "text": "0 results found in the Worldwide database for: Compound Semiconductor Centre as the applicant\nSource: European Patent Office",
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      "text": "We believe it is reasonable to adjust 1H 2017 net income down by approximately £5 million or 69% to account for likely aggressive capitalization of expenses.",
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      "text": "We are skeptical that CSC is operating at arm's length from IQE. There is ample evidence suggesting IQE dominates it, which conceptually could make it an alter ego of IQE.",
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      "text": "By December 31, 2016, CSC had just £13,000 in cash left, meaning its utility to boost IQE's earnings was limited... We believe it is reasonable to adjust 1H 2017 net income down by approximately £5 million or 69%.",
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      "text": "1H 2017 financial adjustments table showing As reported, As adjusted, and Difference for Revenue, Cost of Goods Sold, Gross Profit, Operating expenses, Operating Profit, Profit before tax, and Net Income.",
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      "text": "IQE's 1H 2017 Capitalized Intangible Investments Blew Out, just as CSC's Earnings Contributions Collapsed",
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