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

To: Duane L. Olson who wrote (3851)	3/30/2001 9:31:32 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 4710

Hi Duane, VTSS's growth will inevitably slow, but should remain one of the top growth stocks for a long time to come. Expansion and build-out of the whole communications revolution is still a long way from complete. I first started investing in telecomm stocks in the mid-'80s and really nothing much has changed in their pattern. I owned DSC Communications for years. It had an incredibly huge price range. Their main customers, the Bells would turn the Order Spigot on and off fast enough to get water hammer! Sometimes the pipes burst and flooded DSC Comm. with inventory back-up. In recent times it seemed that the boom part of the cycle didn't want to end. But when it did, it ended the same as in the past. Orders put on hold, delivery dates extended, order cancellations all have been included in the telecomm news releases of the last six months. If history repeats itself, the pendulum will again swing back toward much better times. A week ago I thought that $34 was a pretty good "next buy price." Now this week I am looking at prices around $24. Today's the last day of the quarter, so maybe it's a good day to use up my remaining cash........ Best regards, Tom