Vitesse Semiconductor Shrugs Off Actions
Vitesse Semiconductor (VTSS) was up 12.5% in midafternoon despite bad news today and Wednesday.
Standard & Poor's
today adjusted the communication chipmaker's outlook downward to negative from stable. Wednesday
Prudential Securities
cut its price target to $28 from $38, on the heels of the company's warning on third-quarter results.
The
Semiconductor Index
(SOX)
was up 5%.
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