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: JakeStraw who wrote (9299)	7/25/1998 2:46:00 AM
From: Tom Cannon	Read Replies (1) of 11555

The S&P rating change is very bad for the stock price. I think the rating also reflects a general lack of confidence in IDT management. Perhaps the best thing that can happen for the stock holders is for IDT to be acquired by a larger more successful company. IDT lacks the marketing and execution accumen to compete in the microprocessor market. Will they suddenly acquire these badly needed abilities in time to make a profit in the coming year and return to a growth rate consistant with the semi sector? I don't think so. It shouldn't surprise anyone if IDT were to throw in the towel and find a suitable buyer. After all there's only so much the management will suffer continued losses. It has to be depressing....And costly for them. Maybe the downsizing of 400 employees and the plant closing is a step in this direction. What about the insider purchases recently. Would you buy the stock in the face of a bad earnings report? Not unless you know a nice profit is in the offing. There may be nothing to any of this. But, I am keeping my eyes open for further signs of some kind of buyout or merger.

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