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

To: Charlie Tuna who wrote (9656)	9/29/1998 6:41:00 AM
From: Marc Phelan	Respond to of 11555

September 29, 1998 Worldwide Rebound Seen in Chip Sales By BLOOMBERG NEWS SAN JOSE, Calif. -- Worldwide sales of computer chips are expected to rise 12 percent in 1999, rebounding from a decline of 6 percent this year, according to a market research group. The Dataquest research unit of the Gartner Group said today that weak demand in Asia and volatility in the market for memory chips would hamper results in the first half of 1999 but sales would probably pick up in the second half. Total revenue from computer chips is expected to increase to $155 billion in 1999. Revenue from chips used in computers, consumer electronics and other devices has fallen as prices plummeted, demand waned and too much manufacturing capacity came on line. That, on top of the economic turmoil in Asia, which had been a key market, has resulted in weaker earnings for most chip makers. "Despite the positive growth we anticipate for 1999, the industry still faces a stiff challenge," George Shiffler, an analyst at Dataquest, wrote in the report."

To: Charlie Tuna who wrote (9656)	9/29/1998 11:01:00 AM
From: Taro	Respond to of 11555

Hi Charlie, furthermore none of them has a top management worth keeps... Taro

To: Charlie Tuna who wrote (9656)	9/30/1998 1:52:00 PM
From: shoe	Read Replies (1) \| Respond to of 11555

Good point. Darn!! By the way, I meant to suggest to Addi that he look at VLSI subordinated convertible bonds. They pay 8.25%, due 10/01/05, no call, and were recently selling at 85--that's 850 per $1,000 bond. So at maturity, you get $150 per bond in addition to the interest. IDTI also has convertible notes due 6/1/02, but they only pay 5.5%. I got some at 81.125 and now they're down around 76. Now as long as these companies don't go broke, I'm all set. If they do, at least I'm ahead of the stockholders (ah! ha! ha! ha! [gallows laughter]). shoe