Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: To_A_Million who wrote (9321)	7/28/1998 4:19:00 PM
From: OldAIMGuy	Read Replies (3) \| Respond to of 11555

Hi everyone, First of all, congratulations to all of you that a month or so ago called IDTI a $5 stock. Nice call! That said, I have to say you all could have been a bit kinder to me (being long) and let the stock bottom at $7! :-) Second, several here have said that it's wonderful that IDTI has been able to create some neat new stuff, but if they don't find a customer for it, then they've been wasting our time and money. Again, congratulations on good analysis. At this point I'm not ready to throw in any towels. I think these folks know the right direction and are moving the right way. I've seen other companies re-direct their efforts and make a success of themselves and it's too early in their diversification efforts to tell just how successful they may ultimately be. We all know book value can shrink rapidly during bad times. However, IDTI's book value should provide some form of price floor here. Even with nominal sales and earnings growth going into the future, the ability to buy a stock at a price/book value ratio like IDTI's is rare. I'll be throwing some more money at IDTI at this low level, not because I think the stock price has bottomed (I thought that at $9 and at $7!) but because it think the stock has good value here. ( guess I thought that at each of my previous downward purchases recently) My personal opinion is that the blood's all been let. Markets are nervous. I'll have to check short interest on IDTI, but I'd guess that most shorts will be smart enough to start to cover soon. "Buy from the Scared, Sell to the Greedy!" Tom Veale PS: Short Interest in IDTI didn't rise as much as I would have thought thru the middle of July. viwes.com