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Technology Stocks : Vitesse Semiconductor
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To: gda who wrote (1391)4/14/1998 9:58:00 PM
From: DAVID BANISTER  Read Replies (1) of 4710
 
Respectfully disagree with the shorts for following reasons:

1. I got into the stock at 46 1/8 in early april, just to disclose my position as a long. The GA architecture and process will continue to find more and more applications now and in the future. VTSS has an early lead in this area and strong patent protection. The market is rewarding them with a high p/e due to a strong balance sheet and future growth potential is quite vast. This company could be the next INTEL if it is not already. This was a $2 stock in 1995 remember, its up 27 fold since then. P/e ratios run high for companies with strong market positions and early leads. I'll be holding.
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