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Technology Stocks : Vitesse Semiconductor

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To: The Ox who wrote (1323)	3/28/1998 3:15:00 PM
From: gda	Read Replies (1) of 4710

The answer is yes. The question is when? Michael, I have no doubt that VTSS will find its natural resting place at about $25. This will happen when the industry starts its down cycle probably towards the end of Q3. I could be wrong about the timing though. Don't you realize you are sitting on top of an inflated balloon that can pop any minute? Not that Vitesse itself is the problem. The company is doing fine! Its just that its valuation is not reasonable and therefore unstable. With any negative signs the speculators (including us) will dump as fast as you can call e-trade. IMHO gda

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