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

To: SliderOnTheBlack who wrote (1778)	10/5/1998 9:54:00 AM
From: The Ox	Read Replies (3) \| Respond to of 4710

Hi Slider, First, there is no way you can compare VTSS to the oil patch. If you are simply looking at a chart you can't possibly understand this company. The stock is down 50% from it's highs on worries about other companies in the industry. Guilt by association. Second, if you read my post, you will note that I specifically stated that this may not be the bottom. I will risk a "quick" loss in an attempt to buy this quality company at a discount price. Last, I'm glad to read that you are long VTSS. My basis in this company before my latest purchases was about $13/sh. This stock is currently trading around a 33 PE on trailing earnings. This for a company that is growing revenues over %10 sequentially each quarter with a fabulous book-to-bill. I sold 80% of my VTSS when the stock was in the 30s. Time to buy some back, with caution and open eyes. Best of luck, Michael