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Technology Stocks : Vitesse Semiconductor

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To: Robert G. Harrell who wrote (3270)	2/2/2000 6:36:00 PM
From: Beltropolis Boy	Read Replies (1) of 4710

to paraphrase an SI pal, are we the Rodney Dangerfield of the comm IC universe? looks like we got a wee bit o' respect out of the market today. see BofA conference highlights below. (btw, sorry i never answered your query, robert; just not hip enough on that technogadgetry.) ----- Vitesse identifies growth markets By Janet Haney, Cecily Fraser & Brenon Daly, CBS MarketWatch Last Update: 3:24 PM ET Feb 2, 2000 cbs.marketwatch.com SAN FRANCISCO (CBS.MW) -- Vitesse Semiconductor Chief Executive Officer Lou Tomasetta said that the combination of processors and switchboards will be the biggest growth area in 2001 and 2002. Through that combination, he said the company expects to see between $50 million and $150 million in incremental revenue in 2001 and potentially $200 million in incremental revenue in 2002. He said he sees overall first-quarter revenue growth at 50 percent and communications revenue growth at 60 percent. He added that communications sales growth should accelerate by the end of the fiscal year as the first of Vitesse's (VTSS) switch designs go into production. The company also sees gross margins at 65 percent by the end of this fiscal year moving toward the high 60s by the end of 2001.

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