January 26, 2012
unfortunately I was unable to attend. Hopefully there were some bagholders who were able to. Maybe they could report on the meet and pass along the details of what occured this year.
Posted by christ3opher - 15 years ago | Updated 15 years ago
"We have over 200 design wins this fiscal year, and I would like to thank all of the employees at Vitesse for making this number of wins possible. These wins should should go straight to the bottom line in the next 12 to 24 months. They will be staggered from tier 1 and tier 2 customers. No one customer will represent over 10% of the revenue. Margins should increase by 9% in the ethernet market."
Oh...and by the way, I am reading off of a cue card left behind my desk in LouTomasetta's old office, dated 2001.
Posted by OKSPSNOW - 15 years ago
My plan was to go, but I had a conflict with my job and could not. So far it doesn't seem like any of our faithful Vitesse followers went to the annual "circle jerk".
Posted by sharpinvestments - 15 years ago
i went - -and it was not a circle jerk - - but the negativity around here is too much to bear.
i said long ago that you will never get even with pre-reverse split shares over $4 or even 6 - -that means vtss needs to go to $ 80 or even $120 for a break even - -so you can sit around and vent your spleen or get a price like Raging Billy did for his fund that is in a profit already.
i asked the usual questions and might share or not.
trade vtss as it has made new weekly and monthly and quarterly highs and is headed for the feb 2010 annual high of $6. - - i said trade - -or not.
btw - -crg did say he has all his equity portfolio in vtss - shares given or otherwise.
we await the qrtr cc and it has been guided flat - -same or equal to its peers - -but vtss is not valued equal to its peers - -so something has to give - -again ur choice as to what gives.
Posted by daWiley1 - 15 years ago
daWiley1, thank you for your response regarding the meet.
I am one shareholder who will appreciate a summary from you of some details of what was included in this most recent meet.
thank you
Posted by christ3opher - 15 years ago
Look forward to your report Wiley.
Thanks
Posted by GARIF - 15 years ago
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