Vitesse Ends 1st Profitable Quarter, Grows Overseas
Vitesse Semiconductor Corp. of Camarillo, which sells computer chips made with gallium arsenide instead of silicon, said it completed its first profitable quarter in its six-year history.
Lou Tomasetta, Vitesse’s president and chief executive officer, said Vitesse recorded a net profit of about $20,000 in the first quarter that ended March 31 on $3.5 million in revenues. Tomasetta said commercial computer customers accounted for 50% of sales, with the balance coming from telecommunications, aerospace and test equipment customers. He added that Vitesse, which is privately owned, saw strong sales growth overseas, particularly in Japan.