Vitesse Repurchases Convertible Debentures

August 18, 2004 by Jeff Shepard

Vitesse Semiconductor Corp. (Camarillo, CA), a designer and manufacturer of silicon solutions used in networking, communications and storage industries, announced that in the fourth quarter of fiscal 2004 to date, it has repurchased approximately $60.9 million in face value of its convertible subordinated debentures due March 2005 for cash at various prices below par.

The face value of the remaining outstanding debentures is currently $134.2 million. Vitesse may repurchase additional debentures from time to time in the future.