Lockhart, You sound disgruntled this morning(sorry, couldn't resist the pun). Analysts' habit of recommending a stock as a buy when it is high priced, only to pan it when its price falls has annoyed me for years. I have to continually remind myself that it is expectations, emotions, and herd instinct that sets stock prices, rather than cold logic. I have great faith in the size of the sub-thousand dollar PC market, and expect IDTI to increase WinChip frequencies by 100MHz, build the device in increasing volume, and execute well-enough to have a portion of that market. If they don't, they'll have to write off lots of expenses unique to their Pentium knockof, which will delay IDTI's earnings recovery. Based on their business excluding the WinChip, I think the stock is worth more than $5&1/2, but I'm willing to be patient for a couple of years.
I was either away or asleep when the term ADA was first defined. What does it mean? This old memory recalls ADA only as Americans For Democratic Action. Sam |
