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Technology Stocks : IDTI - an IC Play on Growth Markets
IDTI 48.990.0%Mar 29 5:00 PM EST

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To: Hightechhooper who wrote (4780)11/18/1997 11:52:00 AM
From: Rob S.  Read Replies (1) of 11555
 
Glad to see the Brian talks to you. I was told that he wasn't available. He never has returned my phone calls from last week.

Great dig on the insider buying. Perham & Berg have both purchased shares on the open market recently. Perham's purchases occured when most insiders were selling stocks in other companies - before the recent pull-back. I was thinking of lightening up a bit but have changed my mind and may even get back to buying.

The chart on IDTI looks mixed: The short-term indicators - stochastics, & rate of change look positive but the longer term trends look a bit negative. Many investors were hoping for good news about the C6 or positive sales indications but the company either has nothing to report or is keeping the news to themselves. Even reports about 3rd tier OEMs and resellers for the C6 have not come out. "Confidentiallity reasons" usually doesn't apply for the 3rd tier custoemrs - they are more than willing to get some free publicity and have nothing to lose because they typically do not have advatageous relationships with Intel. Maybe IDT fears a lawsuit from Intel if they appear successful?
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