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Technology Stocks : Vitesse Semiconductor

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To: Outer-limits who wrote (4097)4/29/2002 6:21:47 AM
From: The Ox  Read Replies (1) of 4710
 
#shares outstanding about 200Mil

Current annual revenue per share less than $1

Shareholder equity (less other assets $900 mil - which I assume is mostly goodwill from acquisitions) is down to about $1.50/share

Not a pretty picture. Of course the numbers alone don't do justice to the intellectual property of VTSS but the #s don't lie. Last quarter they lost $45 million from operations - so their cost structure was double their current revenue. The industry they sell to is in the depths of a cap ex spending depression, with little for an optimist to hang his or her hat on.
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