Vitesse Semiconductor Narrows 1st-Quarter Loss

Vitesse Semiconductor Corp., a Camarillo maker of gallium arsenide computer chips, reported that its net loss narrowed to $2.7 million in its fiscal first quarter that ended Dec. 31 from a $6.5-million net loss a year before.

The company’s revenue rose 53% in the quarter, to $8.1 million from $5.3 million.

Vitesse said its losses shrank in part because of increased product shipments and cost controls.