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Technology Stocks : Vitesse Semiconductor
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To: Beltropolis Boy who wrote (3417)3/28/2000 12:14:00 AM
From: A. Edwards   of 4710
 
Mosesmann of Prudential made positive comments on VTSS acquisition of Orologic:

March 27, 2000

"We believe this is a very strategic acquisition for Vitesse since it accelerates its ability to address the switching and management layers of the switches/routers used to build the Internet infrastructure. With Vitesse's core offering in the physical layer and the addition of Orologic, the company becomes more like PMC Sierra (PMCS) in its ability to offer a total switching solution."

Raised price target to $125 from $100.
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