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

To: SJS who wrote (2870)	10/7/1999 3:56:00 PM
From: StockDung	Respond to of 4710

No, thats about it. I have placed my bet just like you have. I just have a different outlook on the stock than you do. I tend not to follow the herd. I just dont want to become one of the Pack of Chimps that are long the stock. Time will tell. I only have the puts that expire the third week in Nov. for the record.

To: SJS who wrote (2870)	10/7/1999 5:09:00 PM
From: OldAIMGuy	Read Replies (1) \| Respond to of 4710

Hi SJS, Personally, I think we've already seen the Pre-Split Run. My guess is that it'll tread water for a while then give us some buy signals after the split. VTSS spends so much time on the positive side of the Moving Averages, it's hard to judge just what's too much! However, right now the 26 week moving average is only $68+! Yes, it got a bit ahead of itself it would appear. Since I generally don't like adding to my positions above the 26 week MA, this stock's going to really fall hard to get my attention. I'm still extremely LONG VTSS as I've been since 1993. As most of us long term VTSS holders have seen, this is a very hard stock to work profitably on the SHORT side. Best regards, Tom

To: SJS who wrote (2870)	10/8/1999 8:56:00 AM
From: StockDung	Read Replies (1) \| Respond to of 4710

So let me get this straight... 1) You're the SI guru 2) You're rarely wrong (just ask anyone on SI) 3) You've never visited the VTSS thread before 4) You're here to tell us it's going down 5) You rarely buy puts, but thought this stock merited doing so 6) You're just helping us understand this Did I miss anything? Hi/fn Says Fiscal 1st-Qtr Revenue to Decline 29% Los Gatos, California, Oct. 7 (Bloomberg) -- Hi/fn Inc., a maker of semiconductors for computer-networking and storage equipment, said fiscal first-quarter revenue will decline from the previous quarter because its two biggest customers, Quantum Corp. and Lucent Technologies Inc., unexpectedly cut orders. Hi/fn Chief Executive Raymond Farnham said on a conference call that the company expects revenue of about $10 million in the quarter ending Dec. 31, down from more than $14 million in the quarter ended Sept. 30. Quantum cut orders because it had too much inventory of its storage devices, while Lucent's business is growing slower than Lucent previously projected, Farnham said. The news came after Hi/fn's shares tumbled 29 percent today. BancBoston Robertson Stephens analyst Arun Veerappan wrote in notes issued this morning that its rapid growth rate could slow, particularly in sales to networking-gear maker Ascend Communications Inc., which Lucent bought in June. ''They overestimated Quantum's and Ascend's own ability to ship'' products using Hi/fn chips, said Veerappan, who still rates Hi/fn ''buy.'' Veerappan, who said he hadn't previously known about the first-quarter sales shortfall, said he plans to reduce his earnings estimates for the quarter ''considerably.'' Los Gatos, California-based Hi/fn's shares fell 30 3/4 to 74 before trading was halted. Hi/fn's $12.5 million in revenue in its third quarter ended June 30 was more than double the $5.01 million a year earlier. Oct/07/1999 19:06 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P.