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

To: Hippieslayer who wrote (6335)	2/9/1998 1:42:00 PM
From: Gordon Quickstad	Read Replies (2) \| Respond to of 11555

I see the current price now as more of a recovery to previous levels where the stock spent a lot of time consolidating rather than as a real 40% advance. After all, the stock was below $11 for just 2 months. Very few participated in the rise from $9 because the volume was very low all during that time of the dip. I think the stock can go north from here at this time, but living in the shadow of Intel is the problem. The news from the company this morning of the deal with Bay for 32 bit MIPS processors wasn't enough to move the stock. We need that ole' earnings story or news that will give the hope of earnings. Intel's off a bit today, but is on a mini-roll from its low of $70 in December to around $86 - $87 and is within striking distance of its all time high of about $100 late last summer. So that shows that Intel is being perceived as having dealt fairly effectively with the chip cloners. Let's hope for good earnings in the next three months and good C6+ news.