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Technology Stocks : Vitesse Semiconductor
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To: The Ox who wrote (1858)10/13/1998 1:15:00 PM
From: Beltropolis Boy  Read Replies (2) of 4710
 
fwiw, looks like VTSS is part of this month's cover feature in kiplinger's. culled from the motley fool board.

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"Makers of telecom equipment are breaking down the doors for Vitesse's chips," according to the cover story in the Nov issue of Kiplinger's Personal Finance.

The article, Great Stocks on Sale, examines 11 strong companies for the next millennium that the writer belies [sic]are at bargain prices. Vitesse is listed as one of these "bargains" ($23/share when article was written).

It reports that analysts are expecting earnings growth of 40% a year over the next 3 to 5 years - mainly due to expectations that the need for more and faster data links "is expected to double each year over the next five years."

Since I'm not familiar with this company, it would be good to hear other Fools' opinions of the accuracy of this article...specifically the quotes from Jim Goff, manager of Janus Enterprise fund, who says:

Vitesse's lock on the technology and the need of such giant customers as Cisco and Lucent give it a "near monopoly" and he adds, "I view Vitesse as an arms dealer to some of the most successful companies out there."

As for challenges - the biggest one seems to be whether the company can meet soaring demand. Its new plant is on schedule for full production by the end of this year and "it could provide capacity to boost annual revenues to about $550 million over the next two years."
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