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Technology Stocks : Vitesse Semiconductor
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To: Farhad Ayrom who wrote (145)6/27/1996 10:10:00 PM
From: James Perry   of 4710
 
I think the stock was carried down over the past few days by market madness - putting all semi stocks under the same blanket. Value Line has a #1 rating on this stock, and it is not immune from market forces but it shouldn't have been battered as it was. The market does not instantly recognize its mistakes, so I would think some important piece of inside information has been leaked. I am surprised the company issued no statement, but certainly it will do so quickly or the SEC will be investigating. I would love to know the number of calls sold today, since the stock volume didn't appear unusual.
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