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Technology Stocks : Vitesse Semiconductor

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To: Dr. Id who wrote (2685)	7/7/1999 8:58:00 PM
From: Chuzzlewit	Read Replies (1) of 4710

JDB, according to Yahoo! biz.yahoo.com VTSS has a PEG of 2.35 compared to the S&P500 which has a PEG of 3.60. But VTSS has a beta of 1.82 which makes the CNPEG2 equal to 1.19 -- slightly overpriced according to my criteria. I caution you that the raw numbers come from Yahoo!, and they may be incorrect. I believe that the long term growth rate is higher than Yahoo! indicates. The robust nature of the telecommunications market is a telling issue as far as I'm concerned, so VTSS's overpricing according to my mechanical criterion isn't so important. I am happy to hold VTSS for the long term at these levels. I haven't run a CNPEG2 screen on the stocks that I own lately, but one that seems to stand out is DELL, which has a PEG of around 1.69, so the CNPEG2 comes in at around 0.66. I tend to buy stocks when the CNPEG2 values so indicate, and sell only when the long-term fundamentals have changed substantially for the worse. Only when a stock becomes really overheated (as in the case of CSCO) do I sell. TTFN, CTC TTFN, CTC

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