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

To: Outer-limits who wrote (4171)	8/12/2002 10:27:05 PM
From: The Ox	Read Replies (1) \| Respond to of 4710

I agree that "good" stocks will trade on multiples of their book value. However, good stocks usually don't have the revenue, R+D and end user disasters that VTSS has faced during the last 2 years. We will see just how good VTSS is during the next couple of quarters. If VTSS continues to bleed 10s of millions of dollars every quarter over the next several, then the market may be very justified in it's thrashing of the stock price. Losing money doesn't go over well on Wall Street, especially in a bear market.