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Technology Stocks : Vitesse Semiconductor

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To: John Sikora who wrote (1361)	4/10/1998 1:17:00 PM
From: The Ox	Read Replies (1) of 4710

I would be very cautious about the run up before earnings. Most likely these are people betting that VTSS will pop after earnings. AMD ran up pretty good before earnings and then they disappointed the street and fell back. I am not predicting a pullback will happen with VTSS. Certainly we had a nice pop after last earnings. But to read that earnings will be good because of the run up is a faulty assumption, IMO. Michael

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