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Technology Stocks : Vitesse Semiconductor
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To: Gerald F. Bunch who wrote (255)10/25/1996 12:41:00 AM
From: Richard Karpel   of 4710
 
I'm not interested in short term fluctuations in the price of the stock. I'm interested in long-term capital appreciation which comes from investing in fast-growing companies with strong products, strong management and a sound business model -- like Vitesse.

I bought the stock at 23, several months before Cabot's buy signal. I've seen it run up to 34, then down to about 18, back up to 40, now back down to 32. It's a volatile stock, which is fine -- I happen to think the company will continue to grow at a rapid pace and the stock will be worth a lot more in 3-5 years.
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