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

To: OldAIMGuy who wrote (3007)	10/19/1999 6:36:00 PM
From: Dr. Id	Read Replies (1) \| Respond to of 4710

Here's what the recent dip in price has done to my portfolio.... execpc.com; Tom, Your portfolio looks great compared to mine! (I was going to put up a picture of someone falling off a steep cliff to show you what's happened to my portfolio...) For some odd reason, I'm not nervous. We will be much higher a year from now. Jeff

To: OldAIMGuy who wrote (3007)	10/19/1999 10:37:00 PM
From: A. Edwards	Respond to of 4710

Prudential's morning notes: VTSS: HUGE DESIGN-WINS AND EXPANSION MARGINS SHOULD DRIVE GROWTH October 19, 1999 Hans C. Mosesman (650) 320-1631 - Vitesse grows revenue by 10.4% sequentially and reports EPS of $0.26, meeting our estimates and beating consensus by one penny. - Gross margins headed to the high 60s from our previous estimate of mid-60s over the next several quarters. -Lucent inventory issue (transition to contract manufacturing) is behind us with growth to resume in the December quarter. -Huge design-wins recorded, including wins at Nortel. After 5+ years of focus on Nortel, Vitesse registers wins that should produce $10 million in revenue for FY00. $10 million wins also recorded at Sun and HP. -VTSS is an excellent broadband communications pure-play in our view. We are raising our 12-month price target for VTSS to $100 from $86 and reiterate our Strong Buy.