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Technology Stocks : Vitesse Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (2609)	6/14/1999 8:20:00 PM
From: Anthony	Read Replies (1) \| Respond to of 4710

I would not be so sure 25% decrease is highly doubtful. Think back when VTSS report their earning last quarter number. The came out with good earning beating the street estimate and the price plummet right down to 41. Clearly an valuation problem, though they are beating the number but many investor feel the stock price is not justify. Why should it be any different this time now given all the talk about tech stocks is in a bubble phase and Green Span speech about productivity gain can not go on forever bla bla. I think this market will even pull a strong stock like VTSS down with it. To be safe I am out first thing tomorrow. Good luck to long.