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

To: Tom Cannon who wrote (9307)	7/25/1998 9:34:00 AM
From: johnny boy	Respond to of 11555

Since all of the SC world is in a slump and everybody is doing anywhere from bad to terrible, the fact that there are overall sales and price erosion does not bother me so much. The big loses that we are suddenly seeing and may see for a quarter or two more may be the result of management not doing more sooner and they just look very bad due to playing catch up. Some of you have called this bad management. The product mix and direction still looks relatively ok to me--it always did and that was the attraction to we longs. (1) With a tougher minded management attitude, (2) new management, or an (3) acquisition, IDTI could come back strong. One of these three have to happen. As a stock holder I'd prefer number two first. Number three would be ok but drastic. I just don't know if a leopard can change its spots when it comes to number one? A last scenario that could save the day would be for IBM to build the Centaur chips so well and so fast that IDT suddenly grabs a customer or two and coupled with the current cost cutting and restructuring, things get much better within a few quarters, all with the current management team. This seems possible--we hope. Then there is a general semicunductor recovery. Not likely for a while though. So, I'm not factoring in this possibility until 1999--but you just never know. That's my morning speculation. JB