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


To: Dale Stempson who wrote (9807)11/2/1998 9:46:00 AM
From: Steve Lewis  Read Replies (2) | Respond to of 11555
 
Re:

<Well, this should be an interesting day. I'm seldom correct with my short-term predictions, but I'd think IDTI share price will go lower today as a result.>

It has been a wild ride for the last year:

Based on 7.4M oustanding shares of Quality Semi stock times the buyout price (.6875 of IDTI price currently ~7) means the price is $36.6M. (The market capitalization on 10/30 is around $22M)

This deal is to close by 12/31/98 so the (Q. S.)deal makers will want to get the IDTI price up .........but is that likely given the modest size of the companies involved (it would be tempting if it was you)



To: Dale Stempson who wrote (9807)11/2/1998 10:56:00 AM
From: David Bogdanoff  Respond to of 11555
 
D:

IDTI is already down after 90 min. However, it is usually the case that the acquiring company takes a hit at the time of announcement.

David