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

To: SJS who wrote (2631)	6/23/1999 9:38:00 AM
From: Jazz102	Read Replies (1) \| Respond to of 4710

Smart Money - VTSS aiming to grow internally at 50%. Bought Vermont Scientific to give bigger position in comm processing and Serano for fiber channel storage. New facility first to produce 6" wafers - getting chips to clients faster at lower cost. Very upbeat positive interview. JAZZ

To: SJS who wrote (2631)	6/23/1999 8:24:00 PM
From: David GarrisonD	Read Replies (2) \| Respond to of 4710

Here's the interview that appears in the July issue of SmartMoney: Vitesse Semiconductor Corp. Dow Jones Newswires -- June 22, 1999 SmartMoney: Street Smart: CEO Interview: Life In The Fast Lane This story appears in the July issue of SmartMoney magazine. By Lauren Young Vitesse is Frenchfor speed, and Vitesse Semi-conductor (VTSS) lives up to its name. The Camarillo, Calif., company uses gallium arsenide technology to make circuits that relay data five to six times faster than the average silicon chip. An explosion of digital data transmission via the Internet has made Vitesse's stock rocket more than 1,000 percent since we first recommended it in March 1996. With fast-moving clients like Lucent, Cisco and IBM, CEO and President Louis Tomasetta moves at a high rate of speed himself. But he recently gave us a few minutes. Q:Is your gallium arsenide technology still giving you a competitive edge? A:Yes. The fast chips sending high-speed data into fiber- optic lines and coaxial cable almost always need to be gallium arsenide. Yet many chips used elsewhere are made of silicon. Within two years I wouldn't be too surprised to see 20 percent to 25 percent of our business coming from silicon rather than gallium arsenide. Q:Isn't that a new direction for Vitesse? A:We are trying to grow internally by more than 50 percent per year, but our traditional business lines are growing at just 30 to 40 percent annually. So late last year we acquired Vermont Scientific to give us a bigger position in communications processing, and more recently we bought Serano Systems for its presence in fiber- channel storage. We have our eyes open for other companies. Q:How do you help clients meet increased demand for voice, video and data transmission? A:Our new wafer-fabrication facility is the first to produce 6-inch wafers. These generate more than twice as many chips as standard 4-inch wafers. We're getting chips to our clients faster at lower costs, which they need in order to get such products to market.