Vitesse Semiconductor Message Board

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Technology Stocks : Vitesse Semiconductor

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To: Cameron who wrote ()	9/8/1996 3:59:00 AM
From: Stratajema	of 4710

I've been watching Vitesse from a distance now for some time. I agree with the enthusiasm at this thread for management and its products. However, to me the run-up on this stock during the past three months seems to fly in the face of logic (and value) considering the company's last two quarters essentially showed flat sales and earnings growth. Respectfully, I suspect investment houses that have been coming out with buy recommendations lately (like Cabot) have been dumping all of their paper during this run-up and will leave "Joe investor" holding the bag. (past notable examples are Micron and all other semi's at their height in 1995) VTSS's market cap is 10.5X trailing sales and their P/E is 60X trailing. I'm going to be a contrarian and short this fine stock early next week. I think this stock will see the low $20's on a quick bust out in late September to early October. Can you talk me out of it?

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