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 m0 ≈ 400–550 GeV , m+ ≈ 200–350 GeV .