interesting to see which institutions have been buying IDC,
Here's the list from MarketGuide of the top-10 holders. a few of these are considered value managers, which is interesting (Heartland and Aronson) and it's cool to note there are two major government pension funds, which are among the most conservative investors in the nation (TIAA CREF and the State of Wisconsin)." Top institutional holders as of 9/30/99 (latest available figures) are: Heartland Advisors, Barclays Bank, Vanguard, Aronson+Partners, Dinmensional Fund Advisors, Taunus, TIAA-CREF, Invista Capital Management, Legg Mason and Wisconsin Investment Board. InterDigital is Heartland Value Fund's biggest holding and is responsible itself for half of Hartlands 6% rise this year. Accumulation by the "big boys" is a very bullish sign, of course. Qualcomm is a case in point. Telecom technology developer Qualcomm traded at $40 three or four months before the brokerage analysts took notice. After the so-called "smart money" had been accumulating for several months, the first real recommendation surfaced. Qualcomm, remarkably similar to IDC in its current emphasis on technology development and its huge huge patent base, is up 1,200% year to date from a modest price evaluation at the beginning of 1999. (No guarantees that IDC will do the same, but the parallels are surely remarkable)
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