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Technology Stocks : Vitesse Semiconductor

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To: David Lawrence who wrote (3446)	4/18/2000 9:57:00 AM
From: David Lawrence	Read Replies (1) of 4710

More on the downgrade: NEW YORK, April 18 (Reuters) - Credit Suisse First Boston said analyst Charlie Glavin lowered his rating on Vitesse Semiconductor Corp. (NASDAQ:VTSS) on Tuesday to buy from strong buy. -- sees "limited upside to model for next four quarters." -- "Lower revenue estimates for ATE (automatic test equipment) ... and higher share count from the Orologic purchase forces us to trim" the fiscal 2000 earnings-per-share estimates by 1 cent to 66 cents and fiscal 2001 to 97 cents from $1.03. -- company's fiscal second-quarter results met analyst's forecasts. -- shares off 16 at 57-1/16. Copyright 2000, Reuters News Service

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