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Technology Stocks : Newbridge Networks

NN 11.97

+5.3%

Nov 21 9:30 AM EST

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To: Thomas Scharf who wrote (8896)	1/7/1999 4:26:00 PM
From: Ian@SI	Read Replies (1) of 18016

A confirmation of what we already knew. Sales of communications products continues to grow rapidly. Vitesse Semiconductor Corp. (VTSS) 47 1/2 -2 5/8: Needham & Co. maintains "strong buy" rating on designer and manufacturer of digital gallium arsenide integrated circuits ahead of fiscal Q1 earnings this evening; believes that company will meet expectations of $0.18 a share on revenues of $60 mln; expects overall book-to-bill ratio between 1.15 and 1.18 and communications product book-to-bill of more than 1.2..... Vitesse Semiconductor (VTSS) 47 11/16 -2 7/16: chip maker reports Q1 net of $0.19 a share, a penny above* the First Call mean and up from yr-ago's $0.13....*

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