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

To: Return to Sender who wrote (11310)	1/7/2002 7:47:05 PM
From: SemiBull	Respond to of 11555

IDT joins the Nasdaq-100 Index Market Capitalization and Strong End Market Opportunity Drives Addition SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 7, 2002--IDT (Integrated Device Technology, Inc.)(Nasdaq:IDTI - news), a leading communications IC provider, today announced its addition to the Nasdaq-100 Index®, a denotation that reflects the largest domestic and international non-financial companies listed on The Nasdaq Stock Market®. IDT's inclusion to this elite list of top global corporations was effective on Monday, Dec. 24, 2001. The Nasdaq-100 Index includes companies across major industry groups, including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. As part of its annual re-ranking process to determine the 2002 list, the Index evaluated companies based on objective financial criteria with a primary focus on market capitalization. ``IDT's addition to the Nasdaq-100 validates our financial strength, strategic direction and leadership in the communications IC market,'' said Jerry Taylor, IDT's chief executive officer. ``This honor reflects our unmatched ability to design and develop key products optimized for communications-specific applications. We are honored to be included as a member of the Nasdaq-100, and recognized with many of the world's industry-leading companies.'' ``The Nasdaq-100 identifies companies that have historically demonstrated strong financial performance,'' said John L. Jacobs, president and chief executive officer of Nasdaq Financial Products Services Inc., a subsidiary of Nasdaq. ``The Nasdaq-100 is a testament to a company's achievement and stature. IDT should be very proud of this accomplishment.'' The Nasdaq-100 Index, launched in January 1985, has risen approximately 61 percent from December 31, 1997 through November 30, 2001, although past performance is not necessarily indicative of future performance and Index performance does not represent the performance of The Nasdaq-100 Index Tracking Stock. The Nasdaq-100 Index Tracking Stock represents ownership in The Nasdaq-100 Trust. The Trust holds a portfolio of equity securities that compose The Nasdaq-100 Index and aims to provide investment results that generally correspond with its performance. The Nasdaq Stock Market lists more than 4,100 companies and trades more shares per day than any other U.S. market. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq Newsroom(SM) Web site at www.nasdaqnews.com. About IDT IDT enhances the global network with semiconductor solutions for communications companies that lead innovation and drive convergence in voice, data and wireless networks. IDT is focused on enhancing system bandwidth with communications-specific products including integrated processors, IP co-processors and telecom products. The portfolio is also comprised of key foundational products optimized for communications applications, including the industry's broadest selection of FIFOs, multi-ports, and clock management products. In addition, the product mix includes high-performance digital logic and high-speed SRAMs to meet the requirements of communications systems. Headquartered in Santa Clara, Calif., the company employs approximately 3,800 people worldwide and has manufacturing facilities in California, Oregon, the Philippines and Malaysia. IDT stock is traded on the Nasdaq stock market under the symbol ``IDTI.'' Additional information about IDT is easily accessible at www.idt.com or on CD-ROM by calling 800/345-7015. The investor hotline is 408/654-6420. Nasdaq-100 Index and The Nasdaq Stock Market are registered trademarks of Nasdaq. IDT and the IDT logo are registered trademarks of Integrated Device Technology Inc. All other trademarks mentioned are the property of their respective owners. -------------------------------------------------------------------------------- Contact: IDT Corporate Communications Darlene Perry, 408/492-8622 darlene.perry@idt.com or KVO Public Relations Mari Colbourne, 503/402-1452 mari_colbourne@kvo.com

To: Return to Sender who wrote (11310)	1/8/2002 2:11:23 PM
From: Rob S.	Read Replies (2) \| Respond to of 11555

IDTI is near the top of it's trading range - I agree it's time to take profits in the semis. While the worst of the downturn in the economy has been seen, part of what will help fuel the overall economy will be more rational pricing for high tech products and services. That means continued peruser on semi pricing for a long time. Recent news about rising prices in memory is sending somewhat of a false signal through investor mania land: prices have risen after talks between two key suppliers, Micron and Hynix, after skirting with disastrous losses for months. The recent price rise, although if looks impressive on the surface, only brings memory pricing close to break even and is nowhere close to the lofty levels enjoyed during the Internut balloon days. There is still a lack of demand relative to supply. there is still a weak picture for telecommunications equipment and PC sales. Even if Micron is making some good long term strategic moves, the semi industry is still not out of the correction completely and is unlikely to see the robust growth rates investors are using to base the prices of semi stocks. On the other side of the argument, the FED is pumping up the liquidity picture like never before. Too much already if you ask me. Low interest rates plus low commodity prices such as oil, and a rapid splurge in government spending combine into a tremendous expansionary pressure. Maybe multiples of infinity are soon to be the norm! ; ^).