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Technology Stocks : Vitesse Semiconductor
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To: Trader Dave who wrote (2168)1/8/1999 11:28:00 AM
From: SJS   of 4710
 
Another nice analyst review:
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Vitesse Semiconductor (VTSS) 46 3/4 -15/16: --UPDATE-- Adams Harkness maintains "strong buy" rating on chip maker and raises estimates after the company posts strong fiscal Q1 results; book-to-bill was 1.17, with an 11% sequential bookings increase as backlog increased from $102.5 mln to $112.5 mln, which implies that next quarter is booked and about 50% of the subsequent quarter; raises FY99 EPS estimate from $0.80 to $0.87 and FY00 EPS from $1.14 to $1.27 a share.....
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