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Technology Stocks : International Rectifier (IRF)
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To: Kevin Hay who wrote (962)4/11/1998 7:13:00 PM
From: marvin litman  Read Replies (1) of 1712
 
Kevin,
IRF is a terrific company that manufactures a great product. As a
matter of fact if you took away their technology the industrial
world as we know it would not be the same.
The current problem is competition from Asia on their generic
products which accounts for a lot of merchandise that is being sold
a lot cheaper i.e. Samsung out of Korea.
The future is most likely very bright and you have to weather the
storm. The bright side is that I think we have hit bottom. It
shouldn't get much lower. At this point I look at it as a defensive
stock in a market down turn with good potential to rise towards the
end of the year. I think you will see a lot of smart money coming
into IRF. In my opinion I think you can see 20 if you have patience.

MARVIN LITMAN

P.S.Hello AL AND DOC
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