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Technology Stocks : Vitesse Semiconductor

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To: Danny Chan who wrote (2491)	4/17/1999 12:50:00 AM
From: The Ox	Read Replies (1) of 4710

Bold, my favorite parts: *The company is among the most consistent performers in our coverage universe. The company has an excellent track record, growing sales 10% sequentially every quarter since the first half of 1995. Vitesse recently completed its March quarter, beating EPS expectations by a penny with sales up 11% sequentially and 66% from a year ago. Management believes (and our independent checks support) that Lucent will likely take 40-50% or more product from Vitesse this year. We believe Vitesse remains among the best-positioned companies in our coverage universe.

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