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

To: BWAC who wrote (4078)	2/22/2002 6:04:51 PM
From: The Ox	Respond to of 4710

From: vitesse.com Condensed Consolidated Balance Sheet Data (in thousands) Assets: as of Dec. 31, 2001 as of Sept. 30, 2001 Cash and investments $ 554,865 $ 674,634 Accounts receivable, net 46,639 53,730 Inventories, net 39,198 44,833 Other current assets 14,602 12,447 Property and equipment, net 202,478 248,332 Other assets 897,530 898,806 Total assets $1,755,312 $1,932,782 Liabilities and Shareholders' Equity Accounts payable $ 14,788 $ 21,463 Accrued expenses and other current liabilities 48,163 37,222 Long-term liabilities, principally debt 461,672 545,092 Shareholders' equity 1,230,689 1,329,005 Total liabilities and shareholders' equity $1,755,312 $1,932,782

To: BWAC who wrote (4078)	2/22/2002 6:16:06 PM
From: The Ox	Read Replies (1) \| Respond to of 4710

Hi BWAC, Thanks for the data, I posted the link from the VTSS website where they had "condensed" the information. When I look at the information in your post I still don't like the $500 million plus in "good will" on the books. Also, if break even revenue run rate is $70 million per quarter, they've got a long way to go to catch up to this level, especially with their market being "soft", to put it mildly. Keep in mind I'm not try to scare anyone away from this company but I do think that the realities of the situation should be understood by anyone considering VTSS as an investment or by those who may still have their money in VTSS stock.