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Technology Stocks : Vitesse Semiconductor

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To: pat mudge who wrote (3958)	4/18/2001 4:00:35 PM
From: Duane L. Olson	Read Replies (1) of 4710

Pat..... Of course you should make those investment decisions that seem right for you. Having been through a couple of bear markets, including a similar one in '73--'74, I would be quite surprised to see the tech stocks, including VTSS, moving up sharply from here... I suspect what we have experienced is "the sweet smell of burning shorts on a clear and quiet rally day" and that you will see a lot more volatility. That volatility may well offer us VTSS at a great price once more ....at least once more... before the industry gets back to "normal".. We will continue to hold a modest position "just in case", and we have cashed in an even larger position. Finally, if you really want the advice of a proven, successful VTSS investor, check with Tom V as to what his view is..... No one has done it better, to my knowledge... tso

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