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Technology Stocks : Vitesse Semiconductor

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To: OldAIMGuy who wrote (4322)1/31/2004 3:40:44 PM
From: JK  Read Replies (1) of 4710
 
Hi folks. Same for me as Tom. Only I think he made more than me. Did manage to buy more between $2 and $2.50, but I'm out now. Still, I think the company is getting back on an even footing after the last couple years of hard times. Financials are a lot better, though not as good as AMCC.

I think we'll see a modest retreat in stock price as we move toward spring, prior to better times over the next two years. Ironic that they have succeeded in diversifying (storage, etc.) just as the telcos wake up to the fact they need to build out to the edge.

Should be an interesting show the next three or four years. I think broadband will finally begin to gel as a technology for the masses as opposed to business and a select few individuals. Flexiplace initiatives are finally beginning to happen in govt.

- jk
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