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


To: Dr. Id who wrote (1951)10/17/1998 12:54:00 AM
From: Robert Schwartz  Respond to of 4710
 
"The only thing I don't understand about these upgrades is the 12 month price target of $35. Twelve months? It seems like it might hit $35 by next Thursday! :)"

Analysts are idiots! Today, one analyst (Merrill Lynch I believe) "raised" his 12-month target for PMC Sierra to $40. PMCS closed today at 39 7/8 and hit an intra-day high of 41 1/4!!!!

VTSS to $40 by 1/31/99!