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Technology Stocks : Vitesse Semiconductor

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To: Exciton who wrote (3473)	4/27/2000 4:19:00 PM
From: Beltropolis Boy	Read Replies (1) of 4710

Vitesse Establishes "Venture Fund"; Offers Financial Support to Start Up Technology Companies 04/27/2000 Business Wire CAMARILLO, Calif.--(BUSINESS WIRE)--April 27, 2000--Vitesse Semiconductor Corporation (Nasdaq:VTSS) today announced the establishment of a Venture Fund intended to support the growth of pre-IPO communications companies who are developing cutting-edge components and systems. The fund will selectively take minority positions in companies who are developing communication-related system and component products. "Investors who were knowledgeable about high-tech start-ups and the market we were addressing were very helpful to us during our early years," stated Ira Deyhimy, Vitesse co-founder and vice president, strategic business development. "We hope to help stimulate the growth of promising high-technology companies that will grow the communication market." To obtain more information about this Vitesse Technology Venture Fund, corporate executives are encouraged to contact Deyhimy at ira@vitesse.com.

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