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

To: The Ox who wrote (3283)	1/28/2000 7:50:00 PM
From: JK	Read Replies (1) \| Respond to of 4710

Wish I had the cash. (!!!) I'd add more too!!! In fact thinking of selling stuff just to buy MORE of my favorite. In My Opinion one problem is the "Lucent Effect". Many investors in VTSS figure that there have been problems at LU (as you know - a large VTSS customer). Lucent has beaten analysts expectations for 15 quarters, but recently missed. Subsequently, VTSS - which almost always beats the estimate by a penny - made the number even; not beating by a penny. Why? Investing for the future (IMO). They (LU) underestimated demand for new product and have fallen by almost 30% in stock price. The fall in LU is IMO misguided, first. Second, has no relationship to the demand and success VTSS is having. I think some associate the fact that VTSS MET their numbers but didn't "beat the street" whispers because of LU. Not so. VTSS management has INVESTED in several chip design co's and are building the path to the future. 'Good to go' not only for the next year or two, but indefinitely. I feel so strongly about this that I have moved stock via selling and repurchase into my IRA acct. The weakness in VTSS (again IMO) is part market - part LU effect and is temporary. Many UNINFORMED money managers associate VTSS with LU; thus the punishment and OPPORTUNITY. If you are a long, be patient and be rewarded. If you are a trader, have fun. VTSS is the BEST. JMHO~! - jk PS Michael, thank for your consistently useful posts.