Vitesse Semiconductor Message Board

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Technology Stocks : Vitesse Semiconductor

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To: SI-Shark who wrote (403)	1/14/1997 11:46:00 PM
From: Robert Schwartz	of 4710

With the earnings announcement behind them, I keep thinking the stock will have a 20-25% correction in the short term. The stock has been down everyday since earnings were announced, but has managed to climb higher before the close. Today, it lost 1 1/16 despite a very strong tech sector. However, Intel announced phenomenal earnings today after the close: EPS 4th qtr 1996: $2.13 1995: $.98 First Call Consensus: $1.84, Max: $2.05 Although a semiconductor is not a semiconductor when comparing vtss vs. intel, I am guessing that techs will be very strong tomorrow. If vtss has another day like today (going down when techs are way up), it may be a sign of a short term correction. I would play it by ear. I would be surprised if vtss responds unfavorably after such a strong report from Intel. I only wish that I had hung on a little longer! I hope this helps!

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