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Technology Stocks : Vitesse Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Patton Wilson who wrote (3405)	3/8/2000 9:52:00 AM
From: David Lawrence	Respond to of 4710

WASHINGTON -(Dow Jones)- Vitesse Semiconductor Corp. (VTSS) priced $600 million of convertible subordinated notes due 2005 through Lehman Brothers late Tuesday. The Rule 144a private placement priced at par against a common stock price of 89 6/8 to yield 4%. The notes have a 25% conversion premium with a 8.9136 conversion ratio. Price talk on the notes had been between 3.75% and 4% and a conversion premium between 25% and 28%. The notes are convertible into Vitesse common stock at a conversion price of $112.1875. Vitesse plans to use proceeds from the notes offering for general corporate purposes. The semiconductor company is based in Camarillo, Calif. -Leticia Williams; Dow Jones Newswires; Federal Filings Business News; 202-628-9788 (This story was originally published by Dow Jones Newswires) Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved

To: Patton Wilson who wrote (3405)	3/15/2000 8:22:00 PM
From: spyhunter	Respond to of 4710

Hi all, Back from Vacation - if you get the chance - go to Puerto Vallarta. I just had the most amazing time. The food and the art/culture was a complete shock! I was in Mexico when the big sell off in Semis occurred. I believe it will be short term as the fundamentals look good in Semis Chris

To: Patton Wilson who wrote (3405)	3/27/2000 8:15:00 AM
From: Patton Wilson	Read Replies (1) \| Respond to of 4710

To All, Vitesse Semiconductor Corp. Announces Acquisition of Orologic Inc. Business Wire - March 27, 2000 04:16 CAMARILLO, Calif.--(BUSINESS WIRE)--March 27, 2000-- Acquisition Accelerates Vitesse's Reach Into Multi Service Switches and Routers For IP/ATM OC-48 and OC-192 Applications Vitesse Semiconductor Corp. (Nasdaq: VTSS) ("Vitesse" or the "company") Monday announced that it has agreed to acquire all of the equity interests of Orologic Inc. ("Orologic") for $450 million in common stock. The transaction is expected to be completed before the end of April and will be accounted for as a purchase. Excluding the effects of the acquisition related write-offs and amortization of goodwill and other intangibles, Vitesse expects the acquisition to be slightly dilutive to earnings. Orologic, founded in October 1997, is a fabless semiconductor company that develops high performance system on a chip solutions that enable data packet processing at OC-48 and OC-192 rates. Orologic solutions provide the industry's most comprehensive, highly integrated traffic and congestion management functions for ATM and IP traffic. This acquisition coincides with Orologic's announcement of the release of its first product, PaceMaker 2.4, which integrates policing, cell/packet interworking, traffic management and a built-in wire speed AAL-5 SAR function supporting OC-48 data rates. Orologic product information can be found on the Web at www.oro-logic.com. "The Vitesse-Orologic combination extends our OC-48 product portfolio adding extensive Traffic Management features for Layer 2 through 7 processing of multi-service ATM and IP switches," said Lou Tomasetta, president and chief executive officer of Vitesse. "The addition of Orologic will accelerate the introduction of our OC-192 solution which includes our TeraStream switch fabric, TeraPOWER network processor, Orologic's Traffic Management processor together with our 10G Serdes and framers leading to Vitesse's Network-on-a-CHIP(TM) solution. This will enable us to offer the most complete and comprehensive chip sets for driving the next generation Internet," added Tomasetta. "We are very excited about joining the world-class Vitesse team," said Dr. Raif O. Onvural, president and CEO of Orologic. "The merged companies will bring together one of the most compelling end-to-end merchant solutions for ATM and IP applications at OC-48 and OC-192 speeds. Our technology for managing high performance ATM cell and IP packet traffic is very complementary to Vitesse's strategic product roadmap," continued Onvural. The information in this news release contains forward-looking statements, including statements with respect to the anticipated timing of the acquisition of Orologic and statements related to the potential advantages of the transaction to Vitesse and Orologic, that are within the meaning of Section 21E of the Securities and Exchange Act of 1934 and Section 27A of the Securities Act of 1933, which are subject to the "safe harbor" created by those sections. Investors are cautioned that such statements are only predictions and speak only as of the date of this release. Actual results may differ materially due to risks and uncertainties including, but not limited to, the ability of the company to conclude the acquisition as anticipated, the company's ability to successfully integrate the acquisition and the successful development and market acceptance of Orologic's products. For a more complete discussion of certain factors that could cause actual results to differ materially, please refer to the reports the company files with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the fiscal year ended Sept. 30, 1999 and Quarterly Report on Form 10-Q for the three months ended Dec. 31, 1999. CONTACT: Vitesse Semiconductor Corp. Eugene F. Hovanec, 805/388-3700