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: Edward Leinbach who wrote (7119)	3/3/1998 4:37:00 PM
From: Steve Lewis	Read Replies (2) of 11555

Regarding: <It might be better to chart this stock from Feb 10 th forward , that was the break out day . Average volume is about 3 mil with a low of 12 15/16 & high of 16 1/2 . We are just about smack dab in the middle now.> I think you are on the right track. It's interesting that the analyst Kurlak (MLynch) is bashing the PC & semi world (through this summer and fall, dejavu-1996) and MLynch owns a big chunk of IDTI. He seems to continuing his bearish view on the tech sector which, if he followed his own advice, he & his clients missed out on the Jan/Feb upswing. Maybe with the "big & vocal" bears and Asia we have our "wall of worry" to climb. I'm not into semi equipment companies at this time but am persuaded by the view expressed by Lehman & others that the supply-demand dynamic in chips will improve with reduced supply coming from Asia in the next 12-18 months.

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