Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

WR Hambrecht Ups Vitesse Rating


WR Hambrecht upgraded Vitesse Semiconductor (VTSS) to strong buy from buy.

Analyst Jim Liang says the upgrade is based on his view that the communications semiconductor market will bottom in the September quarter, and that the company is the top semiconductor pick in the wide area network (WAN) space. He thinks demand for bandwidth at the core of WAN continues to rise, and should accelerate once the bottleneck at the edge of the network is resolved.

Liang believes utilization rates on North American long haul optical networks will rise considerably over the next six to 12 months, causing tier one carriers to expand capacity in 2002. He says growth prospects in the upper-layer chipset area also are promising.

Liang has a $35 target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus