Vitesse Semi is single best idea going into 1999 and beyond.
10/16/98 2:03 pm... UPDATE... VITESSE SEMICONDUCTOR POSTS $0.21 VS. $0.13 4Q EPS ON 75% REVENUE RISE... CIBC OPPEMHEIMER RAISES ESTIMATES... Analyst Dale Pfau tells MarketScope 4Q EPS were spectacular, beating his $0.20, Street EPS estimates, as well as on revenues, gross margin... Notes bookings continue very strong; telecom bookings also very strong... Sees very strong outlook with 57% year/year growth in FY 99 (Sep)... Says, in general, VTSS one of cos. not having any problems on demand or execution side... Reiterates strong buy... Raises $0.81 FY 99 EPS estimate to $0.83 (fully taxed)... Sees $1.25 FY 00 EPS.... Has $45-$50 12-18 month arget./B.Brodie
10/16/98 1:40 pm... VITESSE SEMICONDUCTOR POSTS $0.21 VS. $0.13 4Q EPS ON 75% REVENUES RISE... PRUDENTIAL RAISES ESTIMATES... Analyst Hans Mosesmann tells salesforce 4Q EPS ahead of his $0.20 estimate, Street consensus... Says revenues were up 17% sequentially, bookings were up 10%... Says quarter was very strong, and, as expected, VTSS was well isolated from recent difficulties seen in networking end-market... Notes co.'s new fab doing well, providing boost to margins... Raises $0.82 FY 99 (Sep) EPS estimate to $0.84... Reiterates strong buy, single best idea./B.Brodie |
