IDTI - an IC Play on Growth Markets Message Board

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Technology Stocks : IDTI - an IC Play on Growth Markets

IDTI 48.99

0.0%

Mar 29 5:00 PM EST

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To: Esway who wrote (10632)	12/18/1999 8:31:00 PM
From: Glen2	Read Replies (1) of 11555

Michael Murphy of "California Technology Stock Letter" published the following on Friday, December 17 about IDTI: "Integrated Device Technology introduced first-in, first-out (FIFO) memory with double the bandwidth currently available for communications equipment. Increasing memory to handle increased throughput without increasing the number of components on the board is one of the toughest challenges facing telecommunications device manufacturers. At the annual meeting the new president made a strong case for viewing IDTI as a communications stock - he likes the look of those triple digit P/E multiples! SG Cowen initiated coverage of IDTI with a 'strong buy'. We bought ours already, and IDTI is a hold."

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