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Technology Stocks : Vitesse Semiconductor

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To: OldAIMGuy who wrote (4593)5/18/2006 11:48:48 AM
From: Dr. Id  Read Replies (1) of 4710
 
Hi Tom,

I wonder who's going to be next (hopefully not amony my other holdings) to get nailed... I have a feeling that VTSS's problems re: options grants are the tip of the iceberg.


* Federal prosecutors began a criminal probe of options-granting practices at UnitedHealth Group Inc. (UNH,Trade) and Vitesse Semiconductor Corp. (VTSS,Trade) fired three top managers, including its chief executive, in the latest fallout from a stock-options scandal that is roiling corporate suites.


I have a very large position in VTSS, but am still waiting to see a bit of decent news before I add anything to it.

Jeff
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