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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 (8970)	6/23/1998 9:14:00 AM
From: Jim Oravetz	Read Replies (1) \| Respond to of 11555

RE: I sure hope that IDTI does more than talk about producing volumes of parts and ramping quickly to 266 and 300Mhz (read 0.25-micron) versions. I really hope they can also. However, there was this little quote from the recent 10K. Under Manufacturing -- "The majority of IDT's current products are manufactured using its proprietary 0.65, 0.5, and 0.35 micron processes and a number of 0.24-micron test wafers have been processed. The company continues to develop its sub-0.25 micron CMOS processes" How much time elapsed between the writing of the 10K and the publishing of it? There is a BIG difference between a "few test wafers" and volume production. I would have liked to have seen a more positive statement about current product development efforts. Six months, even 3 months from now WC-2's need to be FLYING off the fab line in 266MHz and higher speeds. Another related 10K tidbit: "Historically, SRAM products have been produced at the Oregon facility..." Under LIQUIDITY AND CAPITAL RESOURCES "Additionally, in September 1996 and December 1998, the Company completed equipment sale and lease back arrangements with several leasing companies. Equipment purchased by the Company for the Oregon fabrication facility with a net book value of $52.6 million was sold to the leasing companies and leased back for use at the Oregon facility under leases classified as operating leases." I'm not sure how to interpret, as far as company capitalization or impact on company financials, this lease-back arrangement. Anyone have a input? JimO

To: Rob S. who wrote (8970)	6/23/1998 6:28:00 PM
From: Steve Lewis	Respond to of 11555

Regarding: <I sure hope that IDTI does more than talk about producing volumes of parts and ramping quickly to 266 and 300 Mhz versions. > Depending on whether this happens will tell the tale of the stock price by year end 1998. (Is no news..good news?) By the third week of July (earnings announcement) we will hopefully get an answer. The IDTI window is still there but they need a long term (18 month) Tier 1 or 2 sales channel IMO.