"Vitesse will host one-on-one meetings with investors at The Benchmark Company Micro Cap Discovery Conference at The Palmer House Hilton in Chicago on December 11, 2014. "
Would any Company in their right mind have a one-on-one investor meeting right after disclosing their 4th Quarter earnings if they didn't think there would be excitement, new interest, and confidence?
Okay... I will adjust my (hopeful) prediction: $6.00 By late December.
Be patient..... Zacks rediculous advice set VTSS back a good month.
Also I had aniticipated Q4 CC in November ( I was wrong). It is now DEC 4....
Did you see today's news?
They have a vision for "ethernet everywhere". If they can execute, then they will become profitable this year and move from "visionary" to "leader".
like in Gartner Research . What quadrant box are we in ...Leaders Box or Challengers Box ?...Just a couple of thoughts & then I will research...THX Board...Leoooooo
Not a big deal at all. They paid it off with nary a blink. They don't seem worried about a lowered cash position, as if they are expecting to turn a profit shortly.
Raging Capital is Vitesse’s largest stockholder, directly owning 14,321,127 shares of common stock (or over 21% of shares outstanding) and $8,639,676 principal amount of our 8.00% Convertible Second Lien Debentures due 2014.........Thank you Board in advance....Leoooo
Sell away dear friend! just wish i had funds to buy more... vitesse is on the cusp of a great move north(price) but that is one man's opinion! I wish you well...
Acer Reports Narrow Third-Quarter Profit on Cost Cuts
By Eva Dou
TAIPEI--Taiwanese personal-computer maker Acer Inc. reported a narrow profit for a third consecutive quarter after cost cuts, though revenue continued to fall as the global market for personal computers contracts.
Acer, the world's fourth-largest PC maker by shipments, has steadied its business this year with a new management team after three years of losses. The company was hit particularly hard as consumers shifted to mobile devices.
Five weeks later, we are right back where we were. --Zacks may have contributed to the temporary sell-off, but it did NOT change the true value of this company. It is disappointing that today's market can be quickly shifted by the UN-necessary, short term-related messages of many financial "advisors" (It only benefits the day traders, not the longs like me). Plus, Zacks just delayed the inevitable: Community sentiment on Vitesse in the long term will be overall higher, and price will rise.... How likely will Vitesse be in a poorer financial condition than in Q3? How likely will it be in a richer financial condition? The factors are lining up... and remember several years ago at the reverse split the Board considered $5.00 to be fair value--- that was years ago. Vitesse is much more stable than years ago.. We are so undervalued now.. We should be well above $5 bucks!
Thanks for the post. This is the key:
Vitesse is "...well-positioned for significant and sustained long-term revenue growth and profitability..."
Vitesse Reports Third Quarter Fiscal Year 2014 Results
• Net revenues totaled $27.2 million, an increase of 6% sequentially
• New product revenue of $13.9 million, an increase of 21% sequentially and 79% from the third quarter last year
• New product design wins grew over 45% in first nine months of the fiscal year compared to same period last year
• Cash is $71.6 million at June 30, 2014 strengthened by $26.6 million of public offering net proceeds
Vitesse Semiconductor Corporation
August 5, 2014 4:00 PM
CAMARILLO, Calif.--(BUSINESS WIRE)--
Vitesse Semiconductor Corporation (VTSS), a leading provider of advanced IC solutions for Carrier, Enterprise and Internet of Things (IoT) networks, reported its financial results for the third quarter of fiscal year 2014, ended June 30, 2014.
“Our recent performance has increased our confidence that Vitesse is well-positioned for significant and sustained long-term revenue growth and profitability. New product revenue momentum continues, growing 21% sequentially and 79% over the year ago quarter, and now comprises over 50% of total revenue. The inflection point in our business is now clearly evident, as the growth of our new product portfolio again outstripped the decline of our legacy business, resulting in total revenue growth of 6% sequentially and 3% from the year ago quarter,” said Chris Gardner, CEO of Vitesse. “At the same time, we have substantially strengthened our balance sheet, positioning us to retire all of our near-term debt and further our growth initiatives. Vitesse now has the infrastructure and the resources to support a much larger base of customers. Coupled with our substantial operating leverage, margins on our future growth will flow to the bottom line.”
“The markets are validating our technology focus and strategy.
Sentiment: Strong Buy
Yeah, I'm sick too--but I'm not working for financial advising Co. like you are, apparantly...
When VTSS gives the news... well,.... shall see...
Really getting sick of the back and forth with VTSS. I just joined ultimatestockalerts (google em) a month ago and have already locked in close to 70% gains with their calls.