Camarillo, CA--April 27, 2000-- Vitesse Semiconductor Corp. announced the establishment of a Venture Fund intended to support the growth of pre-IPO communications companies who are developing cuttingedge-components and systems. The fund will selectively take minority positionsin companies who are developing communication related system and componentproducts.
"Investors who were knowledgeable about high-tech start-ups and the marketwe were addressing were very helpful to us during our early years," statedIra Deyhimy, Vitesse co-founder and vice president, strategic businessdevelopment. "We hope to help stimulate the growth of promisinghigh-technology companies that will grow the communication market," concluded Deyhimy.
Vitesse Semiconductor Corp.
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