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

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Mar 29 5:00 PM EST

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To: Daveyk who wrote (6883)	2/19/1998 4:24:00 PM
From: Bharat Khatiwala	of 11555

TO ALL, YOU GOTTA SEE THIS ARTICLE AT: techstocks.com "We are buying some semiconductor companies. Wall Street has been so fearful about PC sales. We thought last year would be a good year for PC sales which it was. This year we think sales will grow by 17% which is also the Intel forecast. We are buying Cirrus Logic, Cypress Semiconductor and Integrated Device Technology (IDTI). IDTI has an Intel compatible micro processor that sells for about $100 and right in the zone for the sub $1,000 computer. They produce their own chips and have a new plant in Oregon that is a low cost plant. Unlike AMD, IDTI has always been able to get chips out the door. I think they will be a serious contender against Cyrix. Q: It is interesting that IDTI is trading near its 52 week high A: IDTI and Cypress were both depressed for a long time because half of their business is SRAM. SRAM of course has been in the dumps for some time. In the last few weeks you have seen SRAM and DRAM prices moving up which has to mean that the Koreans are out of the market or have pulled back because they were the great depressants of those chip prices. Their warehouses are probably finally empty. The long term strategy is to replace that SRAM or a big chunk of it with much higher value logic chips where you are processing the same wafer at the same cost but, the stuff on the wafer is worth literally 10 times as much. IDTI will probably sell 1 to 2 million of their new processors this year. Even if IDTI, Cyrix and AMD each sold 2 million processors, that's 6 million total and there is going to be 80 million PC's shipped so, you know Intel is not going to have a bad year. My point being is that IDTI does not have to take a huge amount of market share away from Intel in order to do well."

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