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Technology Stocks : Vitesse Semiconductor

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To: Jacob S. Rosenberg who wrote (79)2/27/1996 4:17:00 PM
From: Donald Kirchner   of 4710
 
Jacob,
I have been in VTSS for a year, they have an excellant
product line with little or no competition. They have
a very large percentage of the market for Fibre Channel chips
which is forecast to expand by a factor of 10 within the next
few years. They should earn ~40-50 cents this year. (before
the upcoming 2 million share offering) I believe they are
currently having a series of presentations around the country
in preparation for the offering. Some of the buying may be
coming from these presentations. The earnings were hurt last
year whem a supercomputer manufacturer in France went bankrupt
and they took a charge for writing off the unusable custom
inventory for that customer.

Don
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