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

To: Frank A. Ryder who wrote (6315)	2/6/1998 2:05:00 PM
From: Munificent Gnome	Read Replies (1) \| Respond to of 11555

It is my understanding that Merrill Lynch has always held a 5-10% interest in IDTI. I believe the form 13G is merely an update of ownership.

To: Frank A. Ryder who wrote (6315)	2/6/1998 3:48:00 PM
From: Rob S.	Respond to of 11555

Up until IDTI started trading at around 13 late last week, large blocks were trading and the volume soared. I have to interpret this as an indication that funds and institutions were buying up to a certain target price and when that price was met, they closed action on the order desk until the price pull back or analysis recommends a higher price. The trades so far this week have been almost all small orders and most of the few large blocks I have noticed have been at the bid. I stick with my guess that IDTI will pull back for the short term to about the 12 area where it will base until either a large rally or sell-off in the techs or news moves it either way. Dig those trenches and man the bunkers, it looks like it may be a bit before we see the movement we want.