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Technology Stocks : Vitesse Semiconductor
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To: SJS who wrote (2133)1/7/1999 5:10:00 PM
From: Bulldozer  Read Replies (1) of 4710
 
The tax rate was completely known by the Street and is why the estimates were at $0.18. EBT was up 77% from 1Q1997. In fact the Street modeled 35%, but the company states 33% is the go forward rate. The increased rate is due to the expir of NOLs.

Bulldozer
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