Vitesse Semiconductor Corporation (OTC:VTSS) has released the financial results for the fourth quarter and fiscal year of 2009. It’s reported net revenues stand at $168.2 million for the fiscal year, down compared to the $228.5 million earned during the previous fiscal year. It’s net loss also increased from $16.6 million during fiscal 2008, to $194.0 million for fiscal year 2009.
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A conference call was held following the financial results release. To listen to a webcast of the conference, dial 800.642.1687, or 706.645.9291 for international listeners. The replay pass code is 43131353. A webcast is also available on the company’s website, http://www.vitesse.com/.
Vitesse Semiconductor Corporation is a supplier of integrated circuits (ICs) that are utilized primarily by manufacturers of networking systems for carrier, enterprise and storage communications applications. The Company designs, develops and markets a portfolio of semiconductor products. Its end user customers include communications and enterprise original equipment manufacturers (OEMs), such as Alcatel-Lucent, Ciena Corporation, Cisco Systems, Inc., Ericsson, Fujitsu Limited, HP, Hitachi Ltd., Huawei Technologies Co., Ltd., IBM, NEC Corporation, Nortel Networks Corporation, Nokia Siemens Networks B.V., Tellabs, Inc. and ZTE Corporation. As of September 30, 2008, it operated four domestic design centers in the United States in California, Massachusetts, Oregon, and Texas, and four international design centers in Denmark, Germany, India, and Taiwan. On October 29, 2007, the Company sold a portion of its storage products business to Maxim Integrated Products, Inc.
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