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

To: Taro who wrote (4656)	8/6/2006 5:01:24 PM
From: JK	Read Replies (2) \| Respond to of 4710

Taro, Sorry, but I had to bail. I wish the current mgmt the best, but think they have the deck stacked against them. (Other opinion?) Prior to the bad news I was up with a (for me) significant profit. Sold out at a small loss soon after the bad news broke. IBD said (couple weeks ago) that their cost of $$ to get through this would be tough, even though they had a good business, finally. That was why I was in and willing to speculate. They had a tough time for several years and were, in my opinion, on the cusp of breaking out and up with profits, good business prospects, products feeding into the sweet spot of high speed Internet and wireless (and the infrastructure need for the hardware support) finally becoming pervasive. Then BOOM. Hand in the cookie jar. Would love to buy back in here, but just can't bring myself to gamble. Thoughts? Thanks for the interesting posts. - jk