SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Vitesse Semiconductor

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Clint E. who wrote (539)4/10/1997 10:46:00 PM
From: Carl R.   of 4710
 
Actually, EPS was up 20.2% over Q1, from 16.8 cents to 20.2 cents, and not the 17.7% you compute. That would correspond to 109% per year, which isn't bad, and is above the average of the last two quarters. Of course, it will be interesting to see how the market views the numbers tomorrow. Certainly the stock is not as overvalued as it was 6 months ago at 29 (ajusted for splits) after the September quarter. Earnings are up 46% from then while the stock is up a mere 14%.

And also, regarding the liklihood of continuing non-operating earnings, the interest income amounted to about a 5% annual rate of return on cash and investments. Not bad, and better than most companies seem to manage, but certainly not anything I would want to see in my personal account.

Carl
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext