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Technology Stocks : Vitesse Semiconductor
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To: The Gambler who wrote (3973)4/25/2001 12:43:44 PM
From: OldAIMGuy  Read Replies (1) of 4710
 
Hi TG, I would have thought that this AM's bashing of the Telecomms again would take VTSS down. However, surveying my own telecomm related stocks, they're holding on pretty well.

Even at VTSS's recent lows it's P/E (trailing) was still high enough to scare a conservative investor or "value" institution. I really don't know where its "low" point could be. I guess having it double from its recent low adds some strength to the argument that not everyone has forgotten about future potential earnings.

Best regards, Tom
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