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

To: JDN who wrote (10794)	7/19/2000 1:48:51 PM
From: Greg Growth	Read Replies (1) \| Respond to of 11555

SG Cowen reiterates strong buy. "Integrated Device Technology - Strong Buy Rev growth accelerated and margins explode. FQ1 EPS were $0.58 (vs. $0.09), $0.15 better than our est, on $231MM in rev (+17% Q/Q, well above our +10% est), driven by strong, broad-based demand. Gross margin of 57.7 (vs. our 51.5% est) improved significantly due to product mix shifts. SRAM price increases did not aid FQ1 results, but will in future Qs. Shares still significantly undervalued and best buy in our comm IC universe. IDTI $71 " cnetinvestor.com