17.05.2010 10:01:00

Vitesse Announces 1 for 20 Reverse Stock Split Effective June 30, 2010

Vitesse Semiconductor Corporation (Pink Sheets: VTSS), a leading provider of advanced IC solutions for Carrier and Enterprise networks, today announced it will complete a 1 for 20 reverse stock split of its common stock, to take effect on June 30, 2010. The Company previously obtained stockholder approval for the reverse split.

The reverse split will reduce the number of shares of Vitesse common stock outstanding from approximately 459 million to approximately 23 million.

Under the terms of the reverse split, shareholders of record holding Vitesse common stock on the effective date will receive one new share for every 20 shares held and will be sent instructions for exchanging their existing stock certificates for new stock certificates, and for receiving cash compensation in lieu of fractional shares.

Shareholders with shares in "book entry” at ComputerShare, or who hold their stock with a broker, will have their shares automatically converted into new shares and receive compensation for fractional shares held. Shareholders holding fewer than 20 shares will receive cash consideration in lieu of fractional shares.

The Company has retained its transfer agent, Computershare Investor Services, to act as exchange agent for the reverse stock split. Computershare may be reached at 781-575-2879.

About Vitesse

Vitesse designs, develops and markets a diverse portfolio of high-performance, cost-competitive semiconductor solutions for Carrier and Enterprise networks worldwide. Engineering excellence and dedicated customer service distinguish Vitesse as an industry leader in high-performance Ethernet LAN, WAN, and RAN, Ethernet-over-SONET/SDH, Optical Transport, and best-in-class Signal Integrity and Physical Layer products for Ethernet, Fibre Channel, Serial Attached SCSI, InfiniBand(R), Video, and PCI Express applications. Additional Company and product information is available at www.vitesse.com.

Vitesse is a registered trademark in the United States and/or other jurisdictions of Vitesse Semiconductor Corporation. All other trademarks or registered trademarks mentioned herein are the property of their respective holders.

Cautions Regarding Forward Looking Statements:

All statements included or incorporated by reference in this release and the related conference call for analysts and investors, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current facts. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements are not guarantees of future performance and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include, but are not limited to, those referenced in the subsection entitled "Risk Factors” in our Annual Report on Form 10-K for the year ended September 30, 2009 and our Quarterly Report on Form 10-Q for the period ended March 31, 2010 filed with the SEC. The Company undertakes no obligation to update the information provided herein.

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