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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 (8336)	5/14/1998 1:17:00 AM
From: MichaelR	Read Replies (1) \| Respond to of 11555

Rob S, Any feel for Aug 10 puts @ 7/8 or Nov 10 puts @ 1 1/4? I'm loaded with IDTI and think being assigned at 10 with the premium would be very attractive. I can't really afford much further downside risk at this point. Fortunately I did some trading in the 13 to 14 range which takes some of the sting out of the recent downdraft. On a worrisome note Costco lowered its selling price for c6 computer + 14 inch monitor from $899 to $799 in the Portland area. I didn't notice any adds in Computer Shopper this month. I may try to visit the Hillsboro fab and get a better sense of what the future holds. I lost my coffee mug from the last visit and need a replacement. Michael R

To: Rob S. who wrote (8336)	5/14/1998 1:32:00 AM
From: James Luk	Respond to of 11555

With $600 mil in revenue and a strong product portfolio, don't discount a strong takeover bid for IDTI. With AMD-Nexgen, National-Cyrix, there may be strong possibility that other companies might be interested in IDTI....especially at bottom-basement price IDTI is right not. The same price scenarios applied to Nexgen and Cyrix prior to takeover bids.