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VTSS Investor Forum

This has gone on long enough

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Billy Martin, Lee Kopp et al:
Aren't you guys sick and tired of these same old promises and failure to deliver on the part of VTSS management? Every call they have is one step forward and one or two steps back. The only thing you can depend on is their failure to ever exceed even the most minimal of expectations. There is always another shoe to drop, this quarter they drop the accelerated declining legacy revenue issue on us. Now we're probably looking at another year before ever seeing a profit dollar (and that is one BIG IF). You are supposed to be activist investors aren't you? Start activating then! Shake things up. Sell this thing, or bring in a new CEO. Do something for god's sake. You've got people on the board!

Posted by sharpinvestments - 9 years ago | Updated 9 years ago

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CRG's golden parachute could make it very expensive to get rid of him... although keeping him is proving expensive too.

Posted by phobos - 9 years ago

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VTSS closed at $ 2.81 (down .22 for the day) on 363k shares volume. Big holders can't be happy!

Next real support is at $ 2.50- keep your powder dry.

I agree sharp- I said earlier it's amazing big holders aren't more proactive (Especially Kopp)- long-term holder of VTSS.

Posted by Techinvestor - 9 years ago

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After reading the transcript, an "educated guess" would be that they sold a bunch of old product to their distributors at a price they couldn't refuse in order to make their quarterly guidance. Now their distributors have enough of the old junk (at rock bottom prices) for the next couple of quarters. That would explain the drop in margin also.

Posted by sharpinvestments - 9 years ago

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It does sound familiar, doesn't it Sharp?

Let's hope that CRG doesn't wind up with a garage full of returned parts!

Posted by phobos - 9 years ago

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Well Zacks recommends selling losers like VTSS. I guess they are just being objective and reviewing stock on performance and not some pipe-dream.

http://finance.yahoo.com/news/weakness-seen-vitesse-semiconductor-vtss-105447531.html

Posted by Techinvestor - 9 years ago

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I saw that article too Tech.

It seems like Zacks was only paying attention to the short-term price-action and their own earnings' revision(s) algorithm. The share price has recovered somewhat (or not, looking at today's plunge) since Zacks released the article. Now the disappointment is built into the share price (CRG is learning - he's starting to communicate more).

I think the take-away here is how frustrated we are with vtss "one step back for every two forward" plan and how short-term and superficial is the analysts' (Zacks included) analyses.

It's one data point of a great many. We must all do our own due-dilligence, and reading Zacks opinion, among others', moves us all toward that end.

Thanks for posting the link.

Posted by phobos - 9 years ago | Updated 9 years ago

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Zacks continues to hammer on VTSS, with another negative "Sell" article, this time on technical basis in addition to fundamentals. They must be trying to accumulate the stock on a decline.

http://finance.yahoo.com/news/vitesse-semiconductor-vtss-moving-average-130139139.html

Posted by Techinvestor - 9 years ago

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Absolutely tech, the players involved with VTSS, all know there is money to be made here. This situation has been delayed, so a drawn out story is concocted to allow the players to establish more of a base allowing them to build it here. In time, a new design win or sales agreement will help to drive the share price up again establishing a new lower high in the market. All part of the game of making money.

Posted by christ3opher - 9 years ago

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