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

To: Hippieslayer who wrote (9470)	8/27/1998 5:50:00 PM
From: rairden	Read Replies (1) \| Respond to of 11555

"There is no danger that we are going away." Len Perham quote from annual meeting this morning. Says at these market levels the company is very undervalued. Communications sector will dominate IDTI's future; Cisco and NEC are big customers. WinChip has consumed large R&D expense, and future generations of the processor may be developed in partnership with someone else. Costs are being cut heavily, and return to profitability is expected in FY'99. Attendance at the meeting was about 90, probably a third of which were employees. Bottom line, the CEO was convincing that IDTI is well-positioned for when the high tech sector turns around. I guess I hear that from all the companies.