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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: Jim Oravetz who wrote (10787)7/12/2000 5:30:56 PM
From: Greg Growth  Read Replies (3) of 11555
 
Thanks for the info!

Some more detail from SG Cowen broker summary:

IDTI (Strong Buy, $59) - Integrated Device owns about 2.8MM shares of QEDI, now worth $200-250MM. Should be easier for IDTI to sell PMCS shares than it to sell equivalent QEDI shares. IDTI has been consistent in saying its desire is to liquidate QEDI hldgs ASAP, and had been limited by "lock up" restrictions. IDTI has been de-emphasizing its own MIPS core business.
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