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

To: Anthony who wrote (2610)	6/14/1999 10:05:00 PM
From: JK	Read Replies (1) \| Respond to of 4710

Anthony, I agree with you somewhat. I have been holding and watching (as have we all) VTSS. For at least the last 6 months I casually noticed that VTSS PE tracked MSFT PE pretty consistantly. When MSFT PE went up VTSS stock price (and PE) soon matched. visa versa. Now there is a significant divergence in the PE ratios of these two. This is factually verifiable. NO FACTS HERE, just a change in patterns. Either MSFT is going to rebound (IMO) OR VTSS will pull back a bit. Gee. Sounds like the stock market will go up and down. Now that is NEWS! My bet is that VTSS " hovers " around the upper 50's for a while before moving on up. Dips are for buying, IMO. Full Disclosure: I'm long VTSS with a very small footprint. Sad but true. Thanks to ALL for the great posts. - jk