IDTI - an IC Play on Growth Markets Message Board

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Technology Stocks : IDTI - an IC Play on Growth Markets

IDTI 48.99

0.0%

Mar 29 5:00 PM EST

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To: SemiBull who wrote (11467)	1/27/2003 12:27:34 AM
From: Rob S.	Read Replies (1) of 11555

The semi business is going through the tail end of the decline: increasing volumes but still excess capacity and pressure on prices. This results in lower margins for many semi companies. IDTI sold less but had higher cost of revenue. The immediate climate for semi stocks looks negative because hopes had grown to expect a rebound in 2003. The rebound, if there is one this year, appears to be sluggish at best. The telecommunications sector remains the drag: there is still far too much debt to be offset by a modest increase in wireless device sales. There is not yet a new "driver" to propel more spending and even if one developed, (some say WBB or broadband in general is the new big thing), there are too few customers for semis that are in a position to increase spending. The basic problem is that monumental bubbles lead to monumental collapses and long term adjustments. I think the 2nd half of 2003 will start looking better . . but that's what I thought about this time last year about the 2nd half of 2002 . . before even more shit hit the fan.

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