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

To: flickerful who wrote (7640)	4/1/1998 2:28:00 AM
From: neverenough	Read Replies (2) \| Respond to of 11555

flickerful, Who knows what will happen short term. I believe IDT is about to break one way or the other, past experience leads me to believe it will be down. Will it hold 13? I think it will, because this time unlike the past IDT has products that are in strong demand now, and will continue to be for some time. The future is bright! Nigel

To: flickerful who wrote (7640)	4/1/1998 10:32:00 AM
From: Rob S.	Respond to of 11555

Looks that way to me - more movement down ahead of earnings. The stochastic indicator is continuing to weaken and other indicators are mixed. Another "indicator" is that IDTI shrugged off the good news lately about the IBM deal and new product introductions. That signals to me that current investors have high hopes and are already committed as much as they want to be and potential new investors weren't impressed = an overbought condition and re-enforces what we have seen in the charts. One signal of market or stock tops is when good news has no positive effect. This often means that good news is already factored into investors expectations. The kind of news that could change the picture are things that will effect earnings and allow analysts to revise their forecasts upward. The IBM announcement could provide added basis for that revision if product plans are given more confidence. With Intel's upcoming introduction of their Celery product line, there is increased uncertainty about selling prices and market penetration of IDTI and other competitors. AMD is also starting to see significantly improved yields, further intensifying competition. I think this thread has recognized these things but the investment community at large may not have - offering some chance for downside upset or dampening of upward revisions. Before the stock can advance much and sustain pull-backs I think there must be more solid news from IDTI on how well the C6 and other products are ramping and what the expectations are for markets and prices going forward. In the meantime, we are probably stuck in a range for a while between 13 and 15. I don't think IDT will head much lower than 13 unless the market turns down but I don't think it will propel past 15 until the outlook on sales and earnings is clearly positive.