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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: Return to Sender who wrote (11310)1/8/2002 2:11:23 PM
From: Rob S.  Read Replies (2) of 11555
 
IDTI is near the top of it's trading range - I agree it's time to take profits in the semis. While the worst of the downturn in the economy has been seen, part of what will help fuel the overall economy will be more rational pricing for high tech products and services. That means continued peruser on semi pricing for a long time. Recent news about rising prices in memory is sending somewhat of a false signal through investor mania land: prices have risen after talks between two key suppliers, Micron and Hynix, after skirting with disastrous losses for months. The recent price rise, although if looks impressive on the surface, only brings memory pricing close to break even and is nowhere close to the lofty levels enjoyed during the Internut balloon days. There is still a lack of demand relative to supply. there is still a weak picture for telecommunications equipment and PC sales. Even if Micron is making some good long term strategic moves, the semi industry is still not out of the correction completely and is unlikely to see the robust growth rates investors are using to base the prices of semi stocks.

On the other side of the argument, the FED is pumping up the liquidity picture like never before. Too much already if you ask me. Low interest rates plus low commodity prices such as oil, and a rapid splurge in government spending combine into a tremendous expansionary pressure. Maybe multiples of infinity are soon to be the norm! ; ^).
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