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Technology Stocks : Vitesse Semiconductor

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To: Bulldozer who wrote (2136)1/7/1999 6:17:00 PM
From: Wizard  Read Replies (2) of 4710
 
Missed the c-call, did they give any guidance for Q1? How were orders?

Let's see:

The stock gained about 140% last year. It started the year at $19 and then ended up doing $.62 for the calendar year so the P/E (using actual not estimates at the time) began the year around 31x fwd 12 month earnings. If you assume the do something like $.95-$1.00 over the next twelve (pre conference call estimates were in the high $.80's), they are starting this year at about 50x fwd 12... You have to assume there are a fair amount of momentum investors in this one right now looking at the earnings estimate increases and the chart so I think the P/E looks at the high-end of the appropriate range (obviously depending on guidance/orders).

What do ya think 'dozer??

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