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

To: Norrin Radd who wrote (8979)	6/23/1998 10:27:00 PM
From: 5,17,37,5,101,...	Read Replies (2) \| Respond to of 11555

Someone on Yahoo stated that he thought employee options have been revalued to the $7 level. I wouldn't be surprised if it were true. Now I expect a share repurchase to follow this alleged revaluation. The recipe is simple: let the stock crash, revalue options, announce share repurchase, watch stock rise, release goods news, watch stock rise more, watch employees cash in, watch stockholder equity go nowhere. If you don't believe a share repurchase will have a positive impact on price, look at LSCC, which rose from $28 to $32 along with the semi index. IDTI has gone nowhere. Still holding, Jackson

To: Norrin Radd who wrote (8979)	6/24/1998 1:50:00 AM
From: Rob S.	Read Replies (1) \| Respond to of 11555

We have had a few forward looking analysts lift their recommendations on the semis already. I don't expect the market to really turn until after the earnings announcements have started to come in. If the announcements are not that crappy and companies give any indication that the end of this year and next will likely improve, then we should see a return to the semis. By the second half of 1999, maybe sooner, the semis should be in a bull market with more favorable underlying supply/demand conditions. Now is a good time to invest in semis because we are due for a move up despite the immediate downturn in earnings - the fundamentals and multiples look good. Wish I had sold short on the sector back in April when euphoria was rampant. Semi stocks are manic-depressive schizophrenic (or is it that the investors in semis?).