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

To: rairden who wrote (11363)	3/9/2002 3:58:09 PM
From: Rob S.	Read Replies (1) \| Respond to of 11555

There are good reasons to feel more confident about the general economy. Many tech stocks have gotten "ahead of themselves" but there is still some room for them to move higher before they meet stiff resistance. IDTI is close to the top of it's trading range. That doesn't mean it won't go to 38 or even 42 before it backs down. I don't expect it to reach that high but if I could guess the future that well I'd be so rich I would have teams of people to manage my money for me! ; ^)

To: rairden who wrote (11363)	3/20/2002 11:14:04 PM
From: Rob S.	Respond to of 11555

The semis are seeing the pull back I expected. This was a tiger with too little fuel in the tank. Demand for corporate PCs is proving to be weaker than many analysts expected. That's not that surprising to me because I see companies watching their IT budgets much more closely after the blood bath we've just been through. PCs with 2 GHz processors in them are fun but not necessary for running Word, PowerPoint or cruising the Internet. The telecommunications sector is what really stinks. The foolishness that went on in the corporate loony bins (management offices and board rooms) is now netting just results. The problem is that the debt level in telecomm is still so massive and their revenues under such pressure that there can be no great return to good times even if some end markets improve. This is a story that will plague the semi sector for several more quarters imo. What other new wave of consumption is there on the horizon to replace the faltering telecomm mess? With PCs a mature industry and likely to stay with excess capacity and consumer electronics not able to take up the slack, what else can cause the sector to bubble an froth? I don't see anything for 18-24 months. then it is likely to be a group of sectors contributing to a more robust growth trend. Until then it's a stock pickers and traders market imo. Good time for well positioned companies to continue to position and develop new products. It's a good time to buy up technology in certain areas, even if stockholders don't immediately reward forward looking management decisions.