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Technology Stocks : Vitesse Semiconductor
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To: rairden who wrote (4206)9/25/2002 7:23:40 PM
From: Lizzie Tudor  Read Replies (2) of 4710
 
I'm sure most everyone here knows more about this company and industry than I do.... however it appears that vtss's debt is killing them. The street is reducing every tech with LT debt down to penny status now, I guess the rationale is if we stay at low growth for a few years, these guys won't be able to service the debt. The "long term debt doesn't matter" argument doesn't hold if you have no recovery whatsoever.
L
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