Article: Vitesse Reports First Quarter Fiscal Year 2009 Financial Results


Wireless News
02-23-2009
Vitesse Reports First Quarter Fiscal Year 2009 Financial Results
Type: News

Vitesse Semiconductor Corp., a provider of IC solutions for Carrier and Enterprise networks, has reported its financial results for the first quarter of fiscal year 2009, ended December 31, 2008.

In a release, the company noted that highlights for this period include:
- Revenues were $49.8 million, including $5.0 million in Intellectual Property (IP) licensing revenues, compared to $52.5 million in the first quarter of fiscal year 2008.

- Income from operations of $3.1 million, excluding a $191.4 million non-cash charge due to the impairment of goodwill, compared with a loss from ...

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