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: Tom Caruthers who wrote (9244)	7/22/1998 7:13:00 PM
From: Hippieslayer	Read Replies (3) of 11555

I'm happy that I no longer hold this (though I'm the proud owner of other pieces of dog shit) but I'm also saddened by those who still own IDTI. I gave up cuz I just didn't see that they'd turn themselves around after holding for two+ years. If I read the pr correctly, the numbers probably would have been worse had they not been selling the WC. Correct me if I'm wrong. We've heard all along that IDT is concentrating on the higher margin sram for communicaitons, yet if that is true, their costs to produce those hi margin parts is eating all of that hi margin profits that was suppose to be good for IDT!!!!!. Also, if i'm not mistaken, next quarter will also have a write down which will most likely significantly hurt earnings. I unfortunately think that tomorrow we'll see blood all over IDT. 5 was my prediction a while ago and some didn't think it could go that low. Unless the market already has discounted this news into idt's price, IMO idt will see 5 or so tomorrow. This just isn't a small sting, but a Mike tyson uppercut to the groin of IDTI. What a disaster.

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