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Technology Stocks : Vitesse Semiconductor
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To: RDR who wrote (2083)12/8/1998 8:32:00 PM
From: Robert A. Curtis  Read Replies (1) of 4710
 
As I recall, and I think others here have posted similarly, FY 99 eps are taxed at a greater rate than were FY98 eps. Based on the models i have seen, the normalized growth rate for FY99 is a good bit higher than that implied by the EPS #s.

As always, no one number tells to story. The forcasted revenue growth remains explosive, and as I recall from 4Q conference call in Oct., management expects 50-60% growth going forward.
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