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Technology Stocks : Vitesse Semiconductor
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To: robbie who wrote (4222)10/2/2002 1:49:51 PM
From: JakeStraw  Read Replies (1) of 4710
 
Vitesse Semi rises for second day -- takeover rumor cited (VTSS): Shares of Comm IC company rising for the second consecutive session. Yesterday, issue advanced 28% after reiterating Q4 revenue guidance. Today, rumor that INTC or PMCS might be interested in a bid for the company is contributing to gains. Of course, difficult to imagine that many boards would entertain a takeover offer when the stock is down 93% yr-to-date; though, we have seen a few depressed-share deals over the past yr.

finance.yahoo.com
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