  Oblique radiative corrections are calculated to the parameter $S$ in a
version of the standard model where the Higgs doublet is replaced by a doublet
of vector bosons and the gauge symmetry is broken dynamically. We show that to
each momentum scale there exists a domain of the masses of charged and neutral
vector bosons where $S$ is compatible with the experiments. At a scale of 1 TeV
this requires vector boson masses of at least $m_0 \approx $ 400--550 GeV, $
m_+ \approx $ 200--350 GeV.
