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

To: OldAIMGuy who wrote (2202)	1/15/1999 3:48:00 PM
From: The Ox	Read Replies (1) \| Respond to of 4710

I guess maybe I'm a little irrationally exuberant when I see the AMCC, LEVL and TXCC trading at 40, BRCM at 133, PMCS at 68, etc..... It seems that many of these companies have jumped in valuation when compared to VTSS, at least from my historical perspective. VTSS used to trade at a significant premium to some of these companies. I still don't believe the P/E is excessive, simply because of the jump in tax rate this year. Next year, when VTSS continues to show similar demand and growth and the tax rate stays relatively flat, we will really see the earnings power of this fine company. All IMO, Michael