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Technology Stocks : Vitesse Semiconductor

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To: Steve Robinett who wrote (622)5/20/1997 9:45:00 AM
From: Mark K.   of 4710
 
Strong balance sheet

Steve, VTSS is not "running up debt to pay for expanded fabrication facilities". Debt/Equity for Vitesse is .001 ($200,000 in a term loan as of March, down from $400,000 in December). They financed the fab with a secondary last year, giving them a very strong balance sheet (cash will decline, plant and equipment will increase going forward).

If your facts are faulty, so too may be your conclusions.

Mark K.
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