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Technology Stocks : Vitesse Semiconductor

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To: SI-Shark who wrote (355)12/17/1996 12:59:00 AM
From: Robert Schwartz   of 4710
 
Stock price of $20 - Come on!
Based solely on current year estimates (fy97 eps of $1.07), VTSS PE at $20 would be 18! Its PEG for fy98 would be 18/36, or .5. I believe that most who follow VTSS would by unlimited quantities at $20. You must be assuming a vicious bear market. If so, I could probably agree with you. However, if this correction is short, $40 is going to look great in January or February when the stock breaks $50 again on possible December earnings above expectations!
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