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To: Neil H who wrote (432)	1/11/2000 12:00:00 PM
From: JakeStraw	Read Replies (1) \| Respond to of 5499

Neil, funny you mentioned VTSS, I was just looking at it this morning. I also like XLNX. Have you ever looked at IRF?

To: Neil H who wrote (432)	1/11/2000 2:47:00 PM
From: JakeStraw	Read Replies (1) \| Respond to of 5499

RESEARCH ALERT-Vitesse Semiconductor target upped NEW YORK, Jan 11 (Reuters) - Lehman Brothers said on Tuesday it raised its price target on Vitesse Semiconductor Corp. (NasdaqNM:VTSS - news) to $72 from $46. -- Late Monday Vitesse reported quarterly earnings, which met Lehman's earnings per share target of $0.14. Earnings would have been $0.15 if the company would not have accelerated research and development spending, Lehman said. -- Lehman said Vitesse expects shipments to Lucent Technology Inc. (NYSE:LU - news), its largest customer, to grow 12 to 15 percent sequentially in the March quarter, as Lucent ramps its OC-192 transmission system production. -- Last week Lucent shares nose-dived 23 percent when it warned about first-quarter earnings, in part due to lack of manufacturing capacity to keep up with the red-hot demand for optical networking equipment. -- If investors believe that Lucent can fix its capacity constraints, then it is possible that Vitesse may see some increased revenue sequentially, said analyst Kevin Vassily. -- Shares of Vitesse were down 3-3/8 at 46-3/16 in trade on the Nasdaq stock market. Until investors get comfortable with Lucent, there may be pressure on Vitesse as well, said analyst Kevin Vassily. -- Lehman raised its expectation for sequential revenue growth rate for this quarter to 10 percent, up from 8 percent. -- Earnings per share estimates remain at 64 cents for fiscal year 2000 and 93 cents for fiscal year 2001.