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Technology Stocks : IDTI - an IC Play on Growth Markets
IDTI 48.990.0%Mar 29 5:00 PM EST

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To: Charlie Tuna who wrote (9607)9/17/1998 12:24:00 AM
From: Dale Knipschield  Read Replies (1) of 11555
 
Charlie,

Have you looked at PSEM as an investment. They are a small fabless semiconductor business that has been around for nearly 8 years, but just went public last year. Their primary products provide clock timing and logic interfaces between computer memory and cpu.

Currently at about $5 1/2, they are down nearly 50% from their high in spite of record revenues and great earnings. Trailing P/E <10, P/E on projected earnings is around 7. This stock rallies near earnings time, then falls off after earnings are announced. IMHO, this is a good time to pick it up for a run-up to about 8 in a month or so. If you are a long term investor, this also has the potential to be a big winner. Due diligence is advised.

Good fortune,

Knip
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