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

To: Taut Knot who wrote (11387)	4/26/2002 4:26:26 PM
From: Rob S.	Read Replies (1) \| Respond to of 11555

I expect IDTI to see the mid to high teens before the end of summer. Many other semis are headed down as well, although the SOX has had quite a haircut over the past several days already. I still think the valuations are too high because there will be a slow steady improvement in business rather than a rapid rise. The rest of the economy, all the parts that use technology to become more efficient and develop new ways of doing business, will grow first and faster. Technology as a whole still has adjusting to do and needs to become a more thrifty contribution to the overall economy imo. Tech is wonderful but you can't eat it or wear it.