To everyone:
Here is some good news from Colorado Springs, where Vitesse has manufacturing and design assets; Vitesse is definately growing in more ways than one:
Saturday, January 11, 1997
Gazette Telegraph
COLORADO SPRINGS - Vitesse Semiconductor Corp. has begun hiring for 37 technical positions and continues construction work on the $70 million computer chip plant it is building off Garden of the Gods Road, an official said Friday.
The Camarillo, Calif.-based company also has reported record revenue and net income for the first quarter of its 1997 fiscal year.
"This was another very successful quarter," said Lou Tomasetta, Vitesse president and chief executive officer. "We again set records for all our financial benchmarks."
Vitesse, meanwhile, has begun taking applications for about 25 process, equipment and facility engineer and technician openings it has for its new plant at 4323 Arrows West Drive, said Bob Cutter, vice president and general manager of the Colorado Springs facility.
The 100,000-square-foot plant will be completed in September 1997 and should start production in July 1998.
Vitesse also is accepting applications for 12 design engineers who will work in a new design center Vitesse is setting up at 1035 Garden of the Gods Road. Vitesse signed a lease about a week ago for 6,000-square-feet there, Cutter said. The center will open Feb. 3, he added.
Vitesse is eventually expected to employ more than 140 in Colorado Springs.
Construction work at the Arrows West plant is on schedule, Cutter said. Workers are pouring concrete for what will become the floor of the "fab," or semiconductor fabrication area. Structural steel for the building is expected to go up later this month, Cutter said.
Vitesse, which builds digital gallium arsenide integrated circuits, said first-quarter revenue rose 56 percent to $21.8 million. Net income for the first quarter ended Dec. 31 was $6 million, or 25 cents per share. That compared to net income of $1.8 million, or 10 cents per share, in the first quarter of fiscal 1996. |
