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

To: 5,17,37,5,101,... who wrote (5922)	1/21/1998 1:57:00 AM
From: Gordon Quickstad	Respond to of 11555

I'm hoping the stock will consolidate the gains of the last month for a bit, forming a cup and handle, and a thus a base for a run up to 18 by the end of the next quarter. Then if, three months from now, the C6 news is good and earnings seem like they can accelerate from here, I would think the stock could venture past 18. I'm basing this on the market envisioning the same success of IDTI's products that I envision. There are plenty of places to go wrong; the PC market may slow, hurting the sector; Intel may power their way into the low-price arena; new products may suffer yield or acceptance setbacks; etc. With the stock at 12, it's about at an average price for the last 2 years with the highest during that time being about 16 a few times and the low about 8. I think the stock holds more promise now than at any time during the last two years and that's why I look for 18. I'm in at 13 1/16 since last Oct. and expect to see my gain hit about 40% in 3 to 6 months. If the Asian countries are going to delay new capital equipment and thus fall behind in production technology, this will probably strengthen the Amer. Semi's within the next 6 to 12 months. This may be one investor's warped view, so do your due diligence and take your own chances. (A roundabout way of saying "IMHO").

To: 5,17,37,5,101,... who wrote (5922)	1/21/1998 3:43:00 AM
From: tech101	Read Replies (1) \| Respond to of 11555

IDTI in the Spot Light 1/21/98 Inside Buying Picks Up At Some Technology Firms By Bridget O'Brian Staff Reporter of The Wall Street Journal In the technology industry, traditionally rife with insider selling and beaten down as it has been the past six months, purchases stand out. Particularly such as those at Integrated Device Technology Inc., a maker of specialized memory chips and equipment used by Internet and cellular-phone providers, where a raft of insiders followed up one round of buying last summer with a second in November. Or a huge options exercise by a director of Bay Networks Inc., who incurred a tax liability but hasn't yet sold the underlying shares. Or at Cypress Semiconductor Corp., where the president, Thurman Rodgers, increased his stake by 27% last month. It's not possible, as yet, to gauge where the technology sector may be headed based on the actions of these and several other companies. Indeed, most of the firms are in starkly different sectors and thus have little in common with each other, except that they are in the same very broadly defined category. "It's really a mixed bag," said Bob Gabele, president of CDA/Investnet, a database that tracks buying and selling patterns. "It could be some of these companies have the worst behind them. But as a sector trend, that doesn't exist yet. It may show up down the road." At Integrated Device, Carl Berg, a director, bought 360,000 shares at $9.19 to $9.56 a share from Dec. 5 to 11, according to Federal Filings Business News, an insider database. Only a month earlier, Mr. Berg had bought 375,900 shares at $10.38 to $11.31 each. In addition, Vice President William B. Cortelyou bought 2,500 shares at $10.50, and Vice President Robin Hodge bought 20,000 shares at $10.63 to $10.69 on Nov. 24. "This is a textbook case of small-cap insider buying," said Craig Columbus, vice president of research at Disclosure Inc., another insider database. Last summer, insiders exercised options or bought shares outright to the tune of 107,334 from June to August. Integrated Device reported fiscal third-quarter results last week that beat analysts' expectations. This combination of factors may have had an effect on the company's stock, which closed Tuesday at $12.1875, up 12.5 cents, in Nasdaq Stock Market trading. The stock price and volume on the company's shares have been moving up steadily in recent weeks. At Bay Networks, a maker of computer-networking equipment, director Andrew Ludwick on Oct. 28 exercised 619,876 options, at $5.83 a share, and didn't sell them. The move increased the holdings of Mr. Ludwick, a former president and chief executive officer, by 48%, according to Baseline. In addition, three other insiders purchased or exercised options for 177,810 shares in November. So far, though, those actions haven't been indicative of a stock-price runup. Bay's shares closed at $31.375 on the day Mr. Ludwick exercised his options and haven't moved much since, closing Tuesday at $29.4375, up $1.3125 in New York Stock Exchange composite trading. After the stock market closed, however, Bay released sharply higher earnings results for the quarter, in the process beating analysts' expectations. There's a different scenario to be found at Cypress, where Mr. Rodgers, the president, purchased 125,000 shares at $8.26 a share on Dec. 16. Cypress shares had traded as high as $18 in September but have dropped by half since, closing Tuesday at $8.9375, down 18.75 cents on the Big Board. Its stock price won't be helped by the fourth-quarter earnings results it released Tuesday, which described a sharp revenue shortfall because of lower orders from certain large customers and flat chip revenue. "This is a good example of why you shouldn't track just chairmen and presidents," said CDA/Investnet's Mr. Gabele. "You should look for more action than from just one person. ... This is a good example of why you should look for a supporting cast alongside the key person who may feel the need to make a statement." Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.

To: 5,17,37,5,101,... who wrote (5922)	1/21/1998 10:14:00 AM
From: Hippieslayer	Read Replies (2) \| Respond to of 11555

no way am I selling, but if IDT hits the 15 mark again, I'm not sure whether I'll hold or sell. I've misssed a lot of good opps over the last two years while sticking with IDT.But then again, I could have invested in a dog and lost money. So who the hell knows. BTW. Gotta say that this is a very even headed thread. I post on another thread here on SI and it's like being in a cult. Gotta thank everyone here for making it a pleasure to post here.