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


To: JK who wrote (3207)1/5/2000 9:24:00 AM
From: Jazz102  Read Replies (2) | Respond to of 4710
 
VTSS voting proxy asks to double the amount of outstanding shares. Preparing for future split? Anticipating a good run-up in the stock after earnings? Input anyone?
JAZZ



To: JK who wrote (3207)1/5/2000 9:35:00 PM
From: A. Edwards  Read Replies (1) | Respond to of 4710
 
Earnings preview by Prudential:

January 4, 2000
Hans C. Mosemann (650) 320-1631
Traci Tsuchiguchi (650) 320-1639

Vitesse Semiconductor --- Strong Buy
We believe that Vitesse is on track to meet or slightly exceed our December quarter EPS estimate of $0.14. We expect the company to report double-digit growth rates in Fibre Channel, after resolving the bottleneck in assembly experienced last quarter. With Lucent's inventory adjustment behind it, we expect Vitesse to enjoy sequential revenue growth, after two quarters of flat sales, at this key customer which represents approximately 20% of total sales. We also believe the company continued its aggressive development and roll out of CMOS products. These new CMOS products should allow the company to further expanding its available market, allowing for continued future growth.