IDTI - Dark Horse For '96 ? Message Board

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Technology Stocks : IDTI - Dark Horse For '96 ?

IDTI 48.99

0.0%

Mar 29 5:00 PM EST

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To: Jaime H. Ayalde who wrote (1013)	3/23/1996 12:27:00 AM
From: Alden Pratt	of 1139

Jaime, I agree that this one is a good buy and has good institutional and individual support. I thought it was very strong on fundamentals at $15 or P/E=10, so what about $12 or below on a technical basis? I have been trying to compare CY with IDTI because they look like mirror cos. in terms of revs. and earnings. From what I can tell these are the major differences/similarities: IDTI has new 8" 4th fab up & running in Oregon. CY had new 8" 4th expansion fab last August in Minnesota. Both cos. say that their capacity will now allow for over 1 bill. revs. CY just broke ground on 700 mill. fab in Texas/building could take yrs. IDTI seems to be understated in press releases. CY seems to talk very big in press releases. IDTI has $1.50 in the bank 4 qtrs trailing earnings. CY has $1.15 in last 4 qtrs trailing earnings. Analysts have not been shy to downgrade IDTI especially after possible 10-15 cents short in next qtr. while no analyst downgrade CY. This may be due to product mix/PC exposure or other factors R&D etc. IDTI has current P/E of 7.8 while CY has P/E of 10.9 Maybe the year over year growth rate for CY substantiates higher P/E? I assume they both have same beta & mkt volatility, although I've noticed in retrospect that CY fell alot faster last Dec. than IDTI. After they both evened out & fell further in Jan. CY seems to command a 1/2 to 1 pt. premium over IDTI. Is there a technical or fundamental reason for this or is it just due to the NYSE vs. NASDAQ exchanges? Just some food for thought and a couple of questions! Best Wishes,

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