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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: Hippieslayer who wrote (7478)3/21/1998 2:49:00 PM
From: Darrell D. Conrade  Read Replies (1) of 11555
 
Fugazi,
No doubt we are all disappointed that the stock price has not held, but don't give up the ship just yet. I think the Internet has caused us to be a little too impatient with the market. I know that I am disappointed when we don't have a major news break every day.

A year ago memory prices were crashing and IDT was headed south with this sector. In less than a year we have seen major progress on product diversification and the successful introduction of a computer processor. IDT has brought on line Clear Logic and established an outside fab relationship with IBM. It would also seem that memory prices have stabilized.

I am not trying to be the IDT historian, but you must give the Company credit for making some serious headway. Granted it has not "yet" turned into increased EPS, but they have put into motion a solid business plan of leading edge technology. These guys could have just hoped for improved memory prices and a return to better earnings. They had the guts to "bet the store" on a new direction. That's risky, but if they are right the rewards will be big.

Looking back over this past year I think they've made some good choices. This next year is bound to have some disappointments, but I'm betting on some solid wins. I think those who hold the stock long term will end up in the winners circle.

Just a thought...on Monday why don't you place an order for about 5,000 shares at $17.00. It wouldn't make sense financially, but it would be fun to see how the market tries to digest it.

Hi ho C6+ and away,
Darrell Conrade
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