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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (7643)	3/26/2001 8:13:02 PM
From: Rutgers	Read Replies (1) \| Respond to of 19633

Tom, citing weak demand and order cancellations... Vitesse Semiconductor Corp. just lowered its revenue and earnings expectations for its second quarter..."Near-term visibility at a majority of our customers has worsened over the last few weeks and we expect this phenomenon to continue into the next quarter," said Lou Tomasetta, Vitesse president and CEO, in a statement. cnnfn.cnn.com we still haven't heard the full story from our friends at Micron. Boy, I sure hope their near-term visibility hasn't worsened over the last few weeks because with its high valuation of nearly $30 B I L L I O N, which is more than five (5) times sales even though it has never earned consistent profits, that wouldn't help the stock price any...or would it? ;)