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Technology Stocks : Vitesse Semiconductor

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To: roger m who wrote (712)7/11/1997 10:48:00 PM
From: Duane L. Olson   of 4710
 
Roger, I like your assessment... are you basing that on an analysis of chart pattern, earnings, something else? IMO, there could be a very strong expansion of margins here (which is a discussion all in itself). So I'm trying to visualize that impact on prospects for '98. I can see analysts in Sept projecting earnings approaching $1.40, and assigning a multiple of 50. The resulting price projection is around 70, more than enough reason to remain bullish at these levels. I'm hoping for some consolidation/pullback, but intend to use it to buy.
dlo
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