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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 (8955)	6/20/1998 4:07:00 PM
From: 5,17,37,5,101,...	Read Replies (1) \| Respond to of 11555

Good points about what management is willing or in a position to admit; however, the stock price sort of tells me that the market has already factored low growth expectations into IDT's products. The market is telling me not to expect a whole lot when this high growth stock is valued at book. If management has funds available above what is needed for investment in higher growth products, then surely they can't find a better investment than their own stock which should double in the next six months if product plans materialize. They can not make that kind of return from investments in their own products ... because the stock is UNDERVALUED. The name of this game is buying assets below net present value or, better, below asset valuation. Jackson