Vitesse Returns to Profitability

Vitesse Semiconductor reported quarterly revenues of $50.3 million, compared to $35.7 million in the same period last year and $42.8 million in the preceding quarter. On a GAAP basis, net loss for the first quarter of fiscal 2004 was $8.0 million or $0.04 loss per share. Pro-forma net income for the first quarter of fiscal 2004 was $172,000 or $0.00 income per share. http://www.vitesse.com