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.
Intel reports this Tuesday. Microchip already produced a warning about their earnings miss. I will wait and see what Intel says about forward guidance. Next week is a big earnings week. I believe the price drop for VTSS on Friday was mainly due to hit the entire chip business sector took when Microchip warned.
Next week is a pivotal week for the entire market IMHO.
Hmmm......"panic dumping quality blue chips".......I hardly consider VTSS a "quality blue chip."
Companies like VTSS that aren't making much profit will continue to get hammered during this correction. I'm still high on VTSS but I'm also being realistic too.
From Jeff Macke, Yahoo Finance Reporter (Today, 10-9-14):
"The fear may be overblown but this time of year traders tend to sell first and ask questions later.
So what should you do? Probably nothing. If you’re like most investors you’re not looking at your portfolio more than once a month unless or until you see bold headlines about stocks plunging. That can make the prospect of opening up those statements pretty daunting.
The truth is trying to time the market is always a sucker’s game and that’s especially true during volatile times. Days like this aren’t a good time to radically change your long-term strategy.
Professional traders would love to see you panic into dumping some quality blue chips. Don’t be that person. Take a long-term view and if you’re in doubt make an appointment to meet with your financial planner."
Vitesse: Think Long Term, and Hold....(or BUY)
It looks like the lawyers got their fees. Order dated 11/17/2008 No. CV 06-02639 United States District Court
Central District of California Western Division
Attorneys Phone # Paul R Kiesel (310) 854 4444 Beverly Hills California
Paul O Paradis (212) 404 2200 New York
Zack's RSI (last week) = 73
Wilder's RSI (on Market Edge two days ago)=61
TD Ameritrade RSI on Advanced graph( today)= 14
See any discrepancy?
RSI is not my biggest tool.
I don't advise any short terms on Vitesse. Go long.... HOLD....
This stock is undervalued..... Time will tell.
This is absolutely BS:
""Because our products are highly complex, it takes our customers 12 to 36 months to go from sample availability to first customer shipment as customers do the necessary development work to complete and qualify their systems in the network. Since it typically takes an additional 12 to 24 months to ramp into full production"
If they are not completely idiots they should have some
heavy customer commitment even before
their chip/component design is completed and ready.
If their customer is really interested then all what is necessary like
PCB, software, test/verification plan of the customer final product
will be ready the same day when first sample will be available.
Final product should be assembled in next couple days and
complete test/verification should be done
in next couple weeks.
Everything else is just pure BS and excuse...
I see more and more the case when a financial opinion such as the latest from Zacks is not an accurate basis for an investment. I can point out almost half of the opinions I have heard or read from experts end up not being helpful at all! Example: After I bought facebook at $40, it plummetted to $25. Within 2 weeks, an opinion said it would drop even further. Well...it DID drop... a few more dollars.... BUT LONG term, t went up. (mid $60 now!) I wish I had NOT listened to that short term opinion-- I sold & LOST MONEY!! That's just one example of many opinions based on the SHORT term, not the long term. If Zacks is giving short term advice by saying "definitely could be trouble on the horizon," based upon short term factors, I ask, How helpful is this?
Compare to Vitesse's view, pulled from their financial statement:
"Because our products are highly complex, it takes our customers 12 to 36 months to go from sample availability to first customer shipment as customers do the necessary development work to complete and qualify their systems in the network. Since it typically takes an additional 12 to 24 months to ramp into full production, we believe design wins represent a good leading indicator of potential future revenues. We model how our customers will ramp from design win to production based on a number of factors, including customer forecast, market segment, type of product, and historical results.
In 2013, we introduced the third-generation of both our switch engine and PHY products. These new products allowed us to significantly increase our served markets in Carrier, Enterprise and IoT networking. We have become the clear choice for meeting our customers’ needs for service delivery, synchronization, security, and software."
Vitesse is not short, but LONG TERM. By late 2014 through 2015 we will see the revenue flow from the design wins.. Zacks, you are not helping me at all, and I wonder if you're truly helping other long term investors.
REVI and its 4 million share breakout catches traders off guard as management comes good on promise to enter cannabis media sector with hot new product