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

To: Dr. Id who wrote (3130)	11/29/1999 3:06:00 PM
From: JK	Respond to of 4710

<< I think we are oversold right now. Any opinions on what's holding us down? >> - Gravity??? Jeff, don't get me wrong, I'm long VTSS(!). But for the last year (pre-split) the P/E hovered between 60 and 80. There may have been exceptions during that time frame, and I don't live or die by that number. It does, however, reflect what we'll pay for future earnings. PE is 107 as we speak. I believe that reflects great future earnings. (as opposed to internet stocks which reflect great future losses <g>) JMHO - jk

To: Dr. Id who wrote (3130)	11/29/1999 6:18:00 PM
From: lazarre	Respond to of 4710

IMO, V travels in tandem with the rest of the comm. chip sector. Look @ what happened to RFMD and BRCM, today. TQNT did manage to squeak out a small gain, though. I also believe the call from a few weeks back from Adam Harkness still resonates with some. But what dodos; I've never see a house so consistently wrong with their chip calls. The classic, of course, downgrading Level 1 the day before it gets bought out by Intel. Speaking of Intel; the only part of the chip puzzle they're missing is a GaAs high speed component. L