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Technology Stocks : Vitesse Semiconductor

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To: Allen Furlan who wrote (4191)	8/17/2002 3:39:40 PM
From: JK	Read Replies (1) of 4710

<< How will VTSS refinance almost 500 million in 2 1/2 years >> Only one way: EARNINGS (& maintain credit). If $$ are coming in, banks will loan. As I said before, the tech pause will reverse and demand will increase faster than expected (IMHO). Of course I could be wrong, but I spend every day all day making stuff work, inventing solutions, and sometimes buying the new hot toys. It won't take 2 years...but Mgmt. has to do things just right. Now I'm not saying VTSS will make it. I've liked management's conservative feel in the past but I agree with Michael H. VTSS post #4155: "I'm very disappointed with the company's slow response to the weakness seen across their product lines. Whether it's a stubborn reaction to declining demand or whether their customer base has been giving them false hopes for new design wins, I don't know. It's also possible that the shifting playing field has caught a fat company napping and now only lean players are getting in the game. " I must admit VTSS is dear to me because of engineering rather than a nimble management. Some of that was long ago. Concerning Broadcom and PMC Sierra, caught in the same trap but with a somewhat different mix of products and financial structure. Financially and in terms of the industry BRCM and PMCS are better positioned. I've made a small bet on BRCM. I think AMCC is more directly competitive with VTSS. All the above names seem to be doing better than VTSS. I'm hoping VTSS has a better spring back. I really think 2004 will be good for the industry, lifting all boats. What a coincidence that it is an election year!!!!!!! OT: Yes, and VA is trying another stab at centralized ADP: supposed to take place Oct. 1. CIO loves anything BUT MSFT. Penguin on the desktop??? Perhaps. Sun servers first. Have mixed feelings: I did buy MSFT. OT OT: Now dream a little: what if a relatively inexpensive PDA could do cellphone, internet AND CABLE-TV over wireless broadband. It is being figured out as we "speak". I want one. - jk

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