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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: BelowTheCrowd who wrote (50711)	3/17/1998 4:09:00 PM
From: John Koligman	Respond to of 186894

IDTI signs deal with IBM for micro production - Here is an excerpt from today's WSJ on this. Complete article is at update.wsj.com, subscription is required... John Shares of Integrated Device Technology gained Tuesday after the company said it had signed a deal through which International Business Machines will manufacture the company's low-cost microprocessors. Shares of IDT rose as much as 1 5/16 before settling back with a gain of 9/16 to 15 in afternoon trading. Meanwhile, the Nasdaq Composite Index was down 11.80 to 1776.40, while Morgan Stanley's high-tech 35 index was down 9.20 to 517.20. Jonathan Joseph, an analyst at NationsBanc Montgomery Securities, said the deal with IBM adds credibility to IDT's efforts to develop chips to compete with the Intel microprocessors that run most Windows-based personal computers.