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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: kash johal who wrote (3339)8/14/1997 7:13:00 PM
From: Rob S.   of 11555
 
I have heard rumors that they are characterizing at 233 MHz but expect most of the parts to yield at 200 MHz.

I expect some weakness in the stock price to conitnue for at least another couple of weeks. I would be surprised if we get a significant rally before well into September, if then. It looks like I won't get called away on my stock - I sold 12 1/2 calls against it when the price was a bit over 14. I may pick up more on any dips or if the chart looks better. The chart now looks like the price could decline further toward key support levels at around 10. I think that we will more likely stay above that level, closer to a new base at 11, unless the market and the techs take a major tumble. It is nice to see that IDT did not decline in sympathy with Micron. That may be some indication that investors are looking at the future rather than thinking IDT is a one product company. It also tends to indicate overal confidence in the techs.
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