Vitesse Semiconductor to Offer 2-for-1 Stock Split

The board of directors of Vitesse Semiconductor in Camarillo has authorized a 2-for-1 split of its common stock.

The stock will be distributed Oct. 21 to shareholders of record Sept. 30. As of June 30, the company had 76.7 million shares of common stock outstanding.

All shares reserved for issuance under the company’s stock-option and stock-purchase plans will be automatically increased by the same proportion.

Vitesse manufactures integrated circuits for telecommunications, data communications and automated test equipment systems providers.