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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST
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To: Madharry who wrote (8283)8/24/2000 1:25:34 PM
From: DJBEINO   of 9582
 
Integrated Device Technology - Strong Buy
FQ2 tracking well. Appears to be on track for 15% Q/Q rev and 20% Q/Q EPS growth. At least one-third of the growth is from price increases, which fall directly to pretax profit line. SRAM mkt is at least as strong as expected. Expect strong pricing environment to continue into C2001. Reduction in cell phone handset forecast has not had much impact on DRAM, SRAM, or Flash memory mkts. Price target $100. IDTI $77
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