a vitesse lesson
This is one of the products of a company named Vitesse Semiconductor Corporation . They're a leading designer and manufacturer of innovative silicon solutions used in the networking, communications and storage industries worldwide. Vitesse is headquartered in Camarillo, California, and is publicly traded on NASDAQ under the symbol "VTSS". Vitesse completed an initial public offering in 1991 and has been a very volatile investment for much of the time since then. This is a chart I printed out at the end of trading today. It shows todays trading, yesterday's non-trading, and the trading on Monday. The non-trading part of my statement should get some attention. That's the gap in the chart to the left. It doesn't happen very often but occasionally when news occurs that really affects the value of a company, Wall Street will halt trading of that stock until the dust settles a bit. That's usually an hour or so. In this case they shut down trading for over a day....