Camarillo, Calif.--April 22, 1998--Vitesse Semiconductor Corp. (Camarillo) announced that its board of directors has approved a resolution authorizing a two-for-one stock split of its common stock, to be effected by means of a stock dividend of one share of common stock for each one share of common stock.
The stock split will be distributed on May 26, 1998 to shareholders of record on May 4, 1998. As of March 31, 1998, the company had 36,313,319 shares of common stock outstanding. All outstanding options and stock purchase plans will be automatically increased by the same proportion.
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