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

To: JakeStraw who wrote (5576)	1/7/1998 2:01:00 PM
From: flickerful	Respond to of 11555

<<The Wall Street firm also said it lowered its rating on shares of Advanced Micro Devices Inc (NYSE:AMD - news) to neutral from buy.>> perhaps, yes, from earnings fallout, but i trust this is not the result of idti guidance. i find it rather ironic, in the wake of the compaq announcment, that amd is included. the timing, as well as the validity --- or value for that matter--- of up or downgrades is lost on me anyway: apart from creating or preserving client postitions, or positions to be, they all seem just a tad "hypocritically late", as in "after the fact". as in downgrading after an earnings warning...to preserve the record. (eg. what brilliant analyst decided to initiate coverage finally on at&t when it reached a life time high?) i don't think it will have any meaningful effect. randy