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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: johnny boy who wrote (10080)2/7/1999 7:14:00 PM
From: Xianming Liu  Read Replies (1) of 11555
 
Hello Johnny:

If you think that Perham will be ousted in next few months. It probably a good idea to get back in. A dead clock can get it right twice a day. Our beloved CEO Lenny always seems to have difficulty to get it right. Want to have proof ? Look no further than IDTI's financial statements. Perham became the CEO in April of 1991. From April 1 1991 to December 31 1998, the total net income of IDTI is NEGATIVE 114.5 million dollars. During the time, Perham took several million dollars salaries and compensations (including a reduction of his option exercising price in 1996). Where does the money come from ? It's from IDTI's shareholders.

If you want to stop the nonsense and incompetent man to waste your money, write to your Board of directors. The income statement of last 7.75 years clearly shows that IDTI has no future as long as Perham is its CEO.
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