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Technology Stocks : Vitesse Semiconductor
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To: The Ox who wrote (2654)6/30/1999 7:13:00 PM
From: Joseph S. Lione   of 4710
 
Michael - "Saying the stock should be valued on the perception of earnings power 30 months from now seems to be a bit steep."

And valued it at 45x 2001 earnings seems to be really stretching it. I guess I might think we were a little bit overextended here, pricewise; but this one does that from time to time. The trick is to have enough cash when it runs to oversold.

Joe
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