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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: Taut Knot who wrote (11398)6/19/2002 6:54:54 PM
From: Rob S.  Read Replies (2) of 11555
 
We are close to my price target (mid to upper teens). Reality is finally setting in; up to a several year climb up a steep slope to a robust industry recovery. The communications sector is particularly a basket case. Everybody gets killed except the dumb farts at the top who screwed everything up so badly and made off with fortunes in stock options, salaries and bonuses. The U.S. has developed a star mentality when it comes to treating key executives: hire CEOs/CFOs/COOs who promise big, acquire big, spend big, and wrap money around products to grow big fast and everything will be great . . . for a while until it comes to pay back time. Take away corporate governance by putting in closely held, inter-locking boards of directors who's primary function becomes rubber stamping actions taken by swing from the fences managers and accounting firms with as many scruples as you can expect with conflicts of interests from huge consulting contract, and you have a formula for funny business.

IDTI remains a very good company, reasonably managed, strategically well positioned . . but still not cheap by any stretch of the imagination compared to historical norms. While not cheap, it should be a buy at some point this summer, maybe soon if we get a few more days like today.
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