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Technology Stocks : Vitesse Semiconductor

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To: Patton Wilson who wrote (864)9/4/1997 7:21:00 PM
From: JOHN CHEN   of 4710
 
Yes, I know about RFMD's GaAs chip fab. It is said to be on target and near completion froom RFMD press release.

I like the industry that they're in and on a technical basis, stock is gathering strong buying power everyday. However, stock price is not moving much at all lately. My friend said the stock is consolidating around $18 to $19.

Short, mid and long moving averages all tangled up together.

Long term ( weekly basis ) is now 100% oversold ( I use TC2000 ) and is poised for a major upward movement.

So technically I am very positive on RFMD. However, I like to hear what youy think of their business.
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