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Technology Stocks : Vitesse Semiconductor
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To: The Gambler who wrote (4253)11/1/2002 4:36:27 PM
From: Lizzie Tudor  Read Replies (2) of 4710
 
that street.com article pretty much summed it up imo, vtss started to run right after their results. It was a combination of debt repurchase and cost cutting on the financial side, and a transition away from transport products on the product side. Lots of comm equipment chipmakers have plans to transition to other areas since telecom collapsed but vtss has already gone through the design process for their new lines (so they are ahead of say, AMCC and LSI in repositioning). They have metro products and storage... the storage products appear to be leading edge as the CEO said it is the only 2Gb storage solution available. The non-LH transport LOBs are growing at 10%/qtr, not bad in this environment even if its only a 4mm/qtr increase in revs.

So overall just a complete turnaround from debt-laden, no sellable product company to financially viable, competitive product company.
Lizzie
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