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Technology Stocks : Vitesse Semiconductor

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To: Trader Dave who wrote (2261)	3/2/1999 5:14:00 PM
From: Beltropolis Boy	Read Replies (1) of 4710

brief blurb from last week's robbie s tech conference. ----- Robbie Stephens Conference: Gruber Speaks Out on Tech By Marcy Burstiner Staff Reporter TheStreet.com 2/26/99 11:00 AM ET SAN FRANCISCO -- Here's the real worth of an investment conference like the BancBoston Robertson Stephens Technology '99 Conference: a chance encounter in the elevator with Jon Gruber, fund manager with San Francisco's Gruber & McBaine. Gruber has been called the father of technology investing and is famously impatient with journalists. Six months ago, he was long communications-chip makers TranSwitch (TXCC:Nasdaq) and Vitesse Semiconductor (VTSS:Nasdaq), two of the most-watched stocks in the semiconductor sector. This elevator ride seemed like a good opportunity to check up on those investments. "TranSwitch?" he asked with a smile. "I bought it at 7 -- and don't write that down! I sold it all a month ago." (A month ago, it was trading around 39. It closed Thursday at 37 1/4, up 3/4.) Gruber is still holding tight to Vitesse. "You can write this down," he said. "[Vitesse CEO] Lou Tomasetta is the smartest CEO I know."

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