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

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Mar 29 5:00 PM EST

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To: Steve Lewis who wrote (9923)	1/25/1999 5:01:00 PM
From: Steve Lewis	Read Replies (1) of 11555

To the die-hard longs & patient sufferers: In a press release Monday, Integrated Device said its manufacturing restructuring and the writedown of impaired assets will reduce operating costs by about $75 million a year. IDT Earnings: FY95 - $ 78.3M FY96 - $ 118.2M FY97 - $ (42.3M) (charges of $45M) FY98 - $ 8.2M FY99 - $ (292M) (charges of $207M through 3 quarters) The lower operating costs will help in FY00 but the semi market upswing(if not shortages) along with Winchip .25/3XXMhz chips are needed for a move to 12 and above by late 1999/1st half of 2000.

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