Filtronic statement met with mixed reaction

NEWS Filtronic yesterday released a positive trading update - and then promptly saw its shares fall 5 per cent. The company, which makes components for network and handset equipment sold by mobile phone companies, forecast better margins, larger market share and improved operating profits after a cost cutting programme. However, while well-positioned, it remained cautious about the roll out of the W-CDMA flavour of 3G technology.