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

To: Rob S. who wrote (6831)	2/18/1998 4:44:00 PM
From: flickerful	Respond to of 11555

for starters, we should see a gap up...<eom>

To: Rob S. who wrote (6831)	2/18/1998 5:20:00 PM
From: Bald Man from Mars	Respond to of 11555

<<New high water mark. This breaks through the resistance level. Anyone want to guess where it goes from here?>> Hopefully it goes through the moon tomorrow, and then visit Mars (where I come from) on Friday ...

To: Rob S. who wrote (6831)	2/19/1998 3:55:00 AM
From: Gordon Quickstad	Respond to of 11555

<< ...where it goes from here?>>> I'll guess $20 just because of the momentum. It seems to be getting ahead of itself. Those earnings from the great products IDTI has/is developing are still a couple of quarters away. Lehman has a revised target of $17 for 1998. It's going to take institutions to move the stock along and they're not so full of irrational exuberance as internet boardsters. As they see the profits from their earlier buys accumulate, I'd expect them to start taking some before it goes over $20. I don't think the products are sexy enough to support a price too far ahead of earnings. This is not an internet stock or a Rambus blessed by Intel or a Snapple, or a Boston Chicken IPO, or for that matter, Microsoft.