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

To: Analog Kid who wrote (9309)	7/26/1998 5:55:00 AM
From: Lockhart	Read Replies (1) \| Respond to of 11555

The book value as of 6/30 is $6.11. Cash per share is a little over $2. Both will fall if/when losses continue. This is no steal....highly speculative.....

To: Analog Kid who wrote (9309)	7/26/1998 4:33:00 PM
From: kash johal	Respond to of 11555

I certainly would not describe him as stupid at all. On other hand Mr. Berg is very very wealthy, and has made a lot of money even on IDT. I think he has been trying to slow down the price erosion by buying. However too much should not be written into his stock buys. If a whole bunch of middle managers buy the stock this will be a much more important sign- in terms of a percentage of their net worth it would be highly significant. Let's see what the middle management does. Regards, Kash