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Technology Stocks : Vitesse Semiconductor

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To: Duane L. Olson who wrote (778)	8/2/1997 9:07:00 AM
From: OldAIMGuy	of 4710

We don't get a treat like VTSS all that often, but it sure is fun when it happens. This is beginning to remind me of the early '90s when DIGI took off like a rocket. I had owned 1000 shares of VTSS for about a year while "learning" about the trade pattern and the company.That was in '94. The price was in the $4-5 range (pre-split) at that time and didn't move around much. Something got me motivated at that time and I grabbed an additional 5000 shares in early '95. Wish I still owned all of them!!! My holding is big enough to have real meaning and as long as the market is willing to support l-t growth and fat P/Es I'll have to regret the cash that I've raised along the way. However, that wad of cash that's under my mattress gives me lots of comfort in a market that "has no reason to go down"! In the mean time, VTSS is a nice little company with good science and good business sense. Best regards, Tom

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