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Technology Stocks : IDTI - an IC Play on Growth Markets -- Ignore unavailable to you. Want to Upgrade?

To: Chisy who wrote (10704)	3/7/2000 2:10:00 PM
From: John Miz	Read Replies (2) \| Respond to of 11555

Prudential ups price target again. IDTI: Raising Estimates and Price Target to $52 from $47 Yesterday we had a very positive meeting with the Integrated Device Technology management team. Business with top clients such as Cisco, which accounts for approximately 16% of sales, remains very strong. Demand for IDT's products is strong across all the product lines, with core memories, networking products, logic and SRAMs seeing accelerating demand from the communications markets. We expect to see a 180 basis point improvement in gross margins in the fourth quarter (March) due to the increased efficiency of their Oregon fabrication facility. This fab facility is in the process of converting from the .5u and .35u (micron) to the .18u process over the next nine months, which should increase production capacity by 50%.