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Technology Stocks : Interdigital Communication(IDCC)
IDCC 346.18-2.4%Nov 13 3:59 PM EST

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To: Manx who wrote (3869)2/11/2000 2:13:00 PM
From: Manx  Read Replies (1) of 5195
 
CNNFN 2/11/00 - 1:42:10 PM ..GOOD COMMENTS from CNNFN:
FROM RB:
By: kuhiomall
Reply To: None
Friday, 11 Feb 2000 at 2:01 PM EST
Post # of 52208

GOOD COMMENTS from CNNFN:
CNNFN 2/11/00 - 1:42:10 PM .....the merger, but i think the stock looks interesting. 22
Times earnings, reasonably good momentum, not offensive momentum at least and i
think i'd be a buyer. My top pick there would be murphy oil or kerr-mcgee. But they all
look pretty interesting to me. Bill: All right. Terrific, mark from texas, you're up. >> Yes
can you give me your opinion on interdigital communications? >> Sure. I'd be glad to.
To this is a telecommunications equipment stock. The symbol is ibdc and it's a mid-cap
issue about a $2 billion stock. The price action on the company recently were extremely
strong. So i'm a holder. I'd call it a strong hold and i'd like to buy the stock. It's currently
trading at $42 a share. I'd like to buy it on a pull back if you can get the stock off three or
four points. This is a concept company you've got a minus growth rate. Minus 31% this
year selling at 100 times estimated earnings and has very erratic growth as they get
started with their businesses and it's also at 350% of its 200 day. Just to put thicks in
perspective, the average stock on the new york stock exchange right noul is trading at
about 110% of its 200 day average and the last numbers i saw, there were only 29% of
stocks on the new york stock exchange that trade above their 200 day average. So
what happens is you get a stock like this of 350% of
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