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Technology Stocks : Vitesse Semiconductor

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To: OldAIMGuy who wrote (4148)	8/8/2002 3:12:25 PM
From: The Ox	Read Replies (1) of 4710

Hi Tom, I jumped back into VTSS today. The market has clearly overreacted to CSCO's earnings related comments with respect to putting pricing pressure on their vendors. VTSS, while struggling with the rest of the communications industry, is still a viable company with important products. The stock is trading well below it's $2.40/share Shareholder equity on the balance sheet. While it may fall more, I'll probably load up more below $1.50/share. I'm glad VTSS finally came clean and wrote off the crap that was cluttering up the balance sheet and wrongly inflating book value. Most of the house cleaning is finally over with.

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