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VTSS Investor Forum

Oracle to start buying chip companies

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http://www.cnbc.com/id/39339056

Anybody know anyone at Oracle. Tell them to PLEASE look at VTSS.

Posted by sharpinvestments - 15 years ago

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Call the Bondholders too and have them call Oracle...with all these new products perhaps Vitesse is more attractive now.....in a word:

LIPSTICK

maybe a push up bra.....pump a few drinks into Larry Ellison and tell him it's closing time.

Sooooieeeee!

Posted by altrfan - 15 years ago

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Since all of us here are "underwater" big time.

would this be the best time for a sale of the company?

Posted by christ3opher - 15 years ago

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only if they sell this POS for $22

Posted by G - 15 years ago

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Sticking with the theme, I would be happier than a pig in a mud if they sold for 2x's annual revenue, or about $320 million.

Posted by matt38 - 15 years ago

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Why sell? why no allow the NEW products to come into their own.
According to yonk and gardner it takes a minimum of 6 months to start seeing profits from a new ENTERPRISE product and a year and one half from CARRIER. V-SCOPE and flexEQ should be coming into their own.

Posted by GARIF - 15 years ago

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Hi Garif,

That is a valid point. I have used exactly that view in waiting for Vitesse to fix their accounting, get relisted on Nasdaq, have all these wonderful products created the years previous to this take off and have management act like they are something besides 3 card monty dealers. It hasn't worked out very well for me, though management and the BOD have benefited handsomely.

Posted by altrfan - 15 years ago

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Alt!!!!! You crack me up.

Posted by matt38 - 15 years ago

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Hey Matt,

I don't find anything funny about this.....except of course in my warped view of life I can't help but laugh. I do believe Garif's POV was valid as I bought into the loathsome Willow Shire's insistence that Vitesse truly wanted to fix this and become respected with the investment community once again. I was perfectly willing to wait a couple years.

That obviously wasn't the case as the clear result has been that the BOD and management intentions are to milk this as much as they can. There isn't a BOD anywhere with a sense of professional obligation for the shareholders of a company that wouldn't have gotten rid of blithering incompetents like Mr. 8-12 weeks and his hack sidekick Yonker a lonnnnnnggggg effing time ago.

But hey! Nobody's fault but mine. I knew these clowns were trash on a human being scale a couple years ago but for some clueless reason thought they would still deliver a reasonable share price. Even after Ms. Shire commented to (I think Sharp?) after the financing disaster that shareholders 'needed to understand the reality of the situation' (these guys are hacks) I refused to accept that reality, didn't take my losses and move on.

Now it's sort of like the bathroom wall graffitti:

Here I sit so broken hearted
Tried to poop
But only farted

Posted by altrfan - 15 years ago

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Alt, I was only laughing at the way you so clearly stated the truth.

Like GARIF, I find myself thinking in terms of financial metrics, execution promises, etc. And, everytime, I keep thinking this is a great opportunity much like I thought 4 years ago when I bought into it at $1.36 (only to ride it down to a split adjusted $.18 today). Now I have bought on the way down and leveled off a reasonable cost basis and when it went down around $3 I did the same. None the less, I agree that we can't put an ounce of reliance on what they say. So while everytrhing looks good for our price momentum from my perspective, the funny thing (if we can call it funny) is that it's all just crap until they execute on one promise or statement.

As you have stated, it is not funny. Your statements are, however entertaining so please don't stop otherwise I will cry.

Posted by matt38 - 15 years ago

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Many of us here have been doing the same thing since this situation began. we have been cost averaging down on all of the let downs. Every time there is a let down, buy more shares. Doing this for multiple times then getting hit with massive dilution last fall. Finally, we all thought the worse was behind us. Even had a sense of some growth when the share price rose last winter as new buyers were coming in. Then, all of a sudden the ultimate SLAM! How many more times can this happen to us. After the reverse split our share price tanks to lowest of lows that this company has seen because of a drop in sales. Now we sit here idiling at the lowest of lows.

After experiencing all of this why would anyone be expected to talk positive about the management team running this company? I seriously believe that Mr. Perna is our last hope of getting any of our investment back.

Posted by christ3opher - 15 years ago | Updated 15 years ago

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When Men were Men!
I recall an Angels ball player LYMON BOSTOCK, who donated months of his pay to charity! why? because he was ashamed of his performance on the field; His life was cut short by a fools bullet.
yonk, gardner so much respect would fly in your direction if tomorrow you announced to us shareholders that due to your performance you will each give yourselves a 25% reduction in pay. Yea the ultimate dreamer i am.

Posted by GARIF - 15 years ago

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Amen GARIF! It would truly be nice if our corporate culture, along with many others, adopt a "pay for stock performance" standard. With that said, we would all be holding debt issued by CG and RY for the money they owe us.... and I would not let them refinance either.

You say I'm a dreamer, but I'm not the only one!

Posted by matt38 - 15 years ago

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Perhaps someday Vitesse will join us, and the world will be as one.

That is an excellent comment Garif.

Posted by altrfan - 15 years ago

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