Vitesse Board Approves 2-for-1 Stock Split

The board of directors of Vitesse Semiconductor Corp. in Camarillo has approved a two-for-one stock split of its common stock, producing a stock dividend of one share of common stock for each share of common stock.

The split will be distributed May 26 to shareholders of record on May 4. As of March 31, the company had 36.31 million shares of common stock outstanding. All outstanding options and stock purchase plans will be automatically increased by the same proportion.

Vitesse designs and manufactures digital gallium arsenide integrated circuits primarily for telecommunications, data communications and automated test equipment systems providers.