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

To: Jon Cave who wrote (1995)	10/27/1998 12:03:00 PM
From: Robert Schwartz	Read Replies (1) \| Respond to of 4710

This news from Jim Jubak on Microsoft Investor - "Vitesse Semiconductor Corporation (VTSS) I've followed Vitesse (VTSS) almost since its 1984 startup, and this always-promising company has finally started to surge. Vitesse makes very fast chips, in high demand in the telecommunications industry, out of gallium arsenide. Using that material makes its chips anywhere from two to eight times as fast as chips made out of silicon. It also makes them twice as expensive, but with every telecom-equipment maker trying to coax more speed out of its gear, Vitesse has finally hit the sweet spot where benefits outweigh costs. And as I said in "Chip Investors, Roll Up Your Sleeves," it's still a tiny company with plenty of potential. Sales in fiscal 1997 were just $104 million. My end of 1998 price target is $40. Full disclosure: I own shares of Vitesse." investor.msn.com

To: Jon Cave who wrote (1995)	10/27/1998 8:46:00 PM
From: Jon Cave	Read Replies (1) \| Respond to of 4710

Correction. CSCO reports next Wed.

To: Jon Cave who wrote (1995)	10/28/1998 1:12:00 PM
From: The ChrisMeister	Read Replies (1) \| Respond to of 4710

"I guess that I am a little cautious these days." I agree. Even though company's like VTSS are in great shape biz-wise, the difficulties at the big blue-chips have shown they can drag everything down with them big time. Otherwise VTSS would have never traded much below 30. The Dow is now showing an inability to punch through the 8400-8600 level, which to me indicates we're likely to head back down to 7900-8000 over the next couple of weeks. I wouldn't be surprised if we end the year somewhere in the 7900-8400 range. There's nothing wrong with a buy-and-hold approach with a stock like VTSS (so long as you get in at a good price), but to me it was made to be traded for the most part. ChrisMeister