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Poor Christmas sees Wolfson value drop £20m

Investors yesterday wiped almost £20m off the market worth of Wolfson Microelectronics after the Scottish maker of iPod chips revealed a drop in fourth-quarter sales because of a lack of must-have gadgets on the market over the Christmas period.

Investors yesterday wiped almost £20m off the market worth of Wolfson Microelectronics after the Scottish maker of iPod chips revealed a drop in fourth-quarter sales because of a lack of must-have gadgets on the market over the Christmas period.