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

To: Samuel R Orr who wrote (8889)	6/15/1998 10:58:00 PM
From: To_A_Million	Read Replies (2) \| Respond to of 11555

For what it's worth, I thought I'd share some hindsight. IDTI's relatively low indices, as compared with other "high-priced" technology stocks, lured me into IDTI three years ago. Back in 1996, I took a look at overpriced issues (TXN, INTC, ALTR etc.) and thought the relatively low-priced IDTI was a find. I have since found out why. Despite their "diversified" product portfolio, decent financial position and good industry reputation, this stock has not recently (24 mos) performed close to its peers. My personal opinion is that they have not been able to communicate and execute on a long-term market strategy - is it WebTV, networking, PCs, commodity SRAM, or RISC processors? To quote the great Irwin M. Fletcher, "C'mon guys, its so simple!" This stock is a bargain for a reason.

To: Samuel R Orr who wrote (8889)	6/16/1998 9:52:00 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 11555

Hi SRO, My favorite book on the subject of speculative bubbles is David Dreman's "Psychology and the Stock Market" (1977) execpc.com - book review I, too, have been in amazement at the price support of Lucent and other stocks. It's like the late '60s when there were just a handfull of stocks that every mutual fund and institution had to own. It didn't matter if the price was absurd relative to most valuation measures. If you think the P/E is bad at Lucent, check out the Price/Book Value! Right now I'm willing to bet a Big Mac that IDTI will double its sales and book value before Lucent will. Any takers? Will price follow that growth? Most likely. Best regards, Tom