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

To: SJS who wrote (2697)	7/12/1999 4:31:00 PM
From: The Ox	Read Replies (2) \| Respond to of 4710

Remember OSHA's expectations: We expect revenue growth of 60% to $74 million and EPS of $0.24. I wonder if they consider this a revenue shortfall? Excellent quarter. Steady as she goes.

To: SJS who wrote (2697)	7/12/1999 4:35:00 PM
From: Beltropolis Boy	Respond to of 4710

Vitesse Reports Record Revenue and Profit Business Wire - July 12, 1999 16:30 CAMARILLO, Calif.--(BUSINESS WIRE)--July 12, 1999--Vitesse Semiconductor Corp. (NASDAQ:VTSS) Monday reported record revenues and net income for the third quarter of fiscal 1999, ended June 30, 1999. Revenues in the third quarter of fiscal 1999 were $73 million, an increase of 58 percent over the $46.1 million in the third quarter of fiscal 1998, and an increase of 9 percent over the $66.9 million in the second quarter of fiscal 1999. Net income for the third quarter of fiscal 1999 was $19.4 million, or $0.24 per share (taxed at 33 percent), compared with net income of $13.9 million, or $0.18 per share (taxed at 20 percent), in the third quarter of fiscal 1998, and net income of $17.6 million, or $0.22 per share (taxed at 33 percent), in the second quarter of fiscal 1999. For the nine-month period ended June 30, 1999, revenues were $200.1 million, a 65 percent increase over the $121 million recorded in the nine-month period ended June 30, 1998. Net income for the nine- month period ended June 30, 1999, was $52.5 million, or $0.64 per share (taxed at 33 percent), compared with $36.4 million, or $0.46 per share (taxed at 20 percent), for the nine-month period ended June 30, 1998. Vitesse President and Chief Executive Officer Lou Tomasetta said: "I am pleased to report another successful quarter in which we set records for revenues, operating profit and net income. We saw continued strength in our focus areas, particularly in the Fibre Channel market. Our manufacturing groups continued to ramp up production volumes in order to meet our growing demand."