Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: FJB who wrote (7705)	4/4/1998 4:23:00 AM
From: neverenough	Respond to of 11555

I copied this from Infrastructure, 4/3/98 daily notes. I hope Carl does not mind. Interesting comments were made during the call about Intel's (INTC) struggle to address the low-priced PC arena and the headway being made at National Semiconductor/Cyrix (NSM) and Integrated Device Technology (IDTI). It appears that National and IDT are ramping unit volumes and enjoying success in the low-priced arena at Intel's expense. There also appears to be a great deal of turmoil inside of Intel because of this penetration. Yesterday, we heard from several people in the field that IDT will be introducing much faster versions of their C-6 processors this summer. We have a position in IDT and would recommend readers add the shares to portfolios during periods of weakness. If the ramp is as successful as we are hearing, IDT could become a very big winner for us in 1998. Nigel

To: FJB who wrote (7705)	4/4/1998 9:02:00 AM
From: Mason Barge	Read Replies (4) \| Respond to of 11555

<<I'm cash poor at the moment>> OK Bob, I'll only say this once. This is a bad idea right now. If you can't stand to hold cash, at least short a couple of the weakest issues. If I were long Cymer I would probably short at least a little ASM. This is a really good time to hedge your bets. If you think the sector is at the bottom -- and I'm a terrible market timer, so I'm probably wrong this time too -- by all means pick your horse, but don't get so wrapped up in it that a big plunge is going to kill you. I'm holding 20-25% cash and only a little semi equipment stock. I won't make a fortune in the next month or two (unless I luck into another DGIV) but I'll still be smiling if the Dow goes to 8000. While the US economy is strong, the current valuations on the S&P are extremely high in historical terms. This may be a new benchmark, I realize, but they are not making much sense stacked up against declining earnings and the high likelihood of more trouble in Asia. If I were invested at 100% or higher, I'd keep a VERY watchful eye on macro-economic reports, especially the divergence between long and short-term interest rates. A rise in short term rates will cause a bump all by iteself, but if short term rates rise and there is no corresponding rise in long-term interest, I'm getting out completely to see what shakes loose. This has always preceeded disaster. Also, of course, I'm watching indices such as labor costs vs. productivity, insider sales rising over 3x insider buying, ratio of reporting firms exceeding earnings estimates to those falling short, etc. I like IDTI's chances right now, but a big correction will take down even excellent issues.