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

To: Donald B. Fuller who wrote (8865)	6/12/1998 12:36:00 PM
From: Rob S.	Respond to of 11555

Yeah, I remember how "pukey it was in 7/96?". The semis and semi equipment stocks were all getting battered severely. Despite the Asian concerns, the underlying product markets are stronger and more diversified now than they were then (that's very much the case with IDTI). And the industry (and to a greater extent IDTI) have made huge investments in new processes and intellectual property (IP) to lead them "into the 21st century" (can we get some trumpets blaring in the background please;). Some signs that the downturn may not be over yet: The crescendo of pessimism expressed by analysts and the news media hasn't, IMO, reached a peak yet. Good news on stocks is not having much effect. And mutual funds flows have shifted sharply into bonds, utilities and other protective fund groups. That drains money away from the capital markets and growth stocks in particular. On the "too early but watch closely side" - the "smart money" investment flow is still negative but the momentum has shifted to positive. Many other indicators have turned more postiive as well: marketgauge.com In my view, the pendulum has swung nearly to the end of its travel and is starting to decellerate but has 2-4 more weeks of downside.