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


To: Chisy who wrote (10712)4/5/2000 1:25:00 PM
From: John Miz  Read Replies (1) | Respond to of 11555
 
Gruntal...

Reiterate 1-1 investment rating: Raising price targets; Communication Overdrive!
*IDTI is scheduled to report its F4Q00 earnings on April 26, after the close of the market.
*We believe that the company can meet or exceed our $0.33 estimate for the quarter.
*Sequential top line growth of 7% is very possible and in-line with our projection.
*Bookings momentum continues from the prior quarter as demand from the communication market is booming.
*Overall SRAM pricing is firm and demand continues to be strong.
*The recent creation of its Internetworking Products Division (IPD) is a positive.
*We are increasing our intermediate price target to $60 from $45 and our long-term target to $75 from $60.