FEI's computer component distribution business continues to be profit-making, reporting for the six months to 31 March with a pre-tax profit of £775,000 on sales of £12.3m compared to £835,000 on £15.6m for the same period last year. The company retains just one investment on its 'internet incubator' side, in languishing fellow Aim company WAP Integrators, and refers to 'a lack of suitable investment opportunities', making it highly unlikely that others are in the pipeline. WAP is valued at just £3m on the market and has yet to report any turnover. No directors were available for comment on the day of the results but a source confirmed that 'there is very little going on', making the claim that FEI is targeting 'higher margin business' all the more uninspiring.