Vitesse Reports Slight Increase in Quarterly Revenues

Vitesse Semiconductor reported quarterly sales of $42.8 million, compared to $35.6 million for the same period last year and $39.7 million in the prior quarter. The quarterly sales figures exclude revenues from discontinued operations. Vitesse recently sold its line of optical module products to Avanex Corporation. In the prior quarter Vitesse also announced the closure of its 6-inch Gallium Arsenide (GaAs) wafer fabrication facility in Colorado Springs. The net loss for the quarter was $1.6 million.
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