Wolfson Microelectronics fined by regulator |

Scottish chip developer Wolfson Microelectronics – a long-time Apple partner for iPod components – has been fined £140,000 for a delay in disclosing insider trading information.

“The FSA said there was a false market in Wolfson shares for 16 days after it failed to reveal the price sensitive information last March,” reports The Guardian.

The claims describe a situation in which the chip maker had been told by a major client (potentially Apple, but that’s speculation on our part) that its components wouldn’t be required in future products, slicing 8 per cent of the firm’s revenue forecasts.

As reported by The Guardian, Michael Ruettgers, chairman of Wolfson said: “It was never the intention of the company to mislead the market and we are pleased that this has been taken into account by the FSA.

“On receiving the information about the loss of business, the company immediately sought advice and acted upon it. Upon discovering that the initial advice was incorrect, the company took prompt action and made the announcement.”

1 thought on “Wolfson Microelectronics fined by regulator |

  1. Made

    I agree with Colleen’s comments re your blog. I’ve been stgigrlung for the past two weeks with the water vapor issue after reading an editorial by Patrick Betard in an automobile magazine. I couldn’t find anything on the web even relating to water vapor vs. COs until I found your site. Your article is a very good intro and simple answer to the Betard, and the infamous Mr. Heibs (apparently Betard’s source), challenges on water vapor.Their next challenge is that of the proportion of the industrial contribution of CO2 and the natural sources. Obviously they miss the point that any increase of CO2 left unchecked will eventually cause a problem.My question is, why haven’t all the other pro global warming sources, for a lack of a better term, addressed the water vapor issue? It does lead people like Heibs and Betard to accuse the supposed (in their minds) experts of hiding the importance of water vapor and thus lying. There are numerous articles on water vapor but they don’t clearly address the contection or relation to CO2.Clearly the consensus and data point to the impact of CO2. But without a good source of info it is difficult to answer the water vapor vs CO2 issue. Thanks for the clarity.I would greatly appreciate references to other discussions, papers or articles on the relation between water vapor and CO2 .

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