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: Dale Knipschield who wrote (8333)	5/14/1998 12:06:00 AM
From: Rob S.	Read Replies (1) of 11555

Agree. The "street" never likes disappointments. IDTI had a disappointment last quarter because they changed their guidance for earnings for this quarter and next. Maybe there is a lot more to consider than immediate earnings but "Lower earnings outlook, lower price" is basically what has moved down IDTI's stock price. Another major ingredient is the degree of confidence you have in the earnings outlook. The change in earnings outlook does some damage to the degree of confidence that even the lower numbers will be met. I agree that IDTI needs to show increased earnings, and it may take more than one quarter to turn things around to the point that confidence is raised substantially. This quarter is expected to be flat. I don't think that "good news" outside of an improved earnings outlook will have much effect on the IDTI.

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