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

To: Gordon Quickstad who wrote (5580)	1/7/1998 2:06:00 PM
From: flickerful	Respond to of 11555

ps. let me express it another way. i failed to see the mass buying based on the buy rating. i suggest the outperform will have the same underwhelming motivational aspect...idti as been quietly basing and consolidating into an impressive chart ( until the recent mayhem, of course) and it will again find its own rythym in the wake of all of this. and turn up, again. plus, we will soon benefit from a news driven momentum element, i suspect. randy

To: Gordon Quickstad who wrote (5580)	1/7/1998 5:57:00 PM
From: Rob S.	Respond to of 11555

The problems in Asia have been fueled by the international banking community that helped underwrite the huge debts that allowed the mega conglomerates to build manufacturing facilities that only made sense if they were to capture large market shares while at the smae time prices would not deteriorate past the point of profitability. That was a big gamble that has left most Korean and many other companies with debt ratios that are over an order of magnitude higher than that of US and European firms. Now the powerful investment banking firms are dependingon the international monetary fund and the corrupt politicians to hand them billions in corporate welfare via the national banking institutions. They gambled and lost but it is the taxpayer who will likely end up paying the cost. And every competitor can thank these policies for collapsed prices and narrower profits. I say let the Asian companies sink or swim on their own merits or let them sell out their businesses or assets to their competitors. I'm sure that IDT might consider buying up an Asian fab if the price was 30 cents on the dollar. Letting free market forces make sense out of the mess in Asia will result in saner policies and worldwide capacity that more closely matches real world demand and rational planning. Companies like Micron are particularly abused by the policies that have ignored the subsidizing of the Asian semi competitors. I think this is an international disgrace that is highly manipulative and disruptive - I just hope some of the fools we have running congress and the white house realize this.