Financial News

Vitesse Elects Willow B. Shire to Board of Directors

Vitesse Semiconductor Corporation (Pink Sheets:VTSS) today announced that its Board of Directors has elected Willow B. Shire, executive consultant and founder of Orchard Consulting Group, as an independent director. Ms. Shire will chair both the compensation and governance committees of the Board. The Company also announced the resignations of James A. Cole and Moshe Gavrielov from the Board of Directors of Vitesse. All changes are effective June 26, 2007.

Over the last several quarters, our previously disclosed search for new directors has attracted exceptional talent. We are pleased to have Willow Shire join the Vitesse Board of Directors and look forward to the contributions she will make to the future success of the Company, said Christopher R. Gardner, chief executive officer of Vitesse. Vitesse will benefit from Willows expertise in advising Fortune 500 companies on organizational transformations and business processes that directly correlate to corporate financial and marketing goals. Our search continues for directors of high caliber that bring needed expertise to the board.

Mr. Gardner continued, I would also like to recognize Jim and Moshe for their dedicated service to Vitesse. Jim Cole has been an active and contributing member of the Board since the incorporation of the Company in 1987. As a member of the Boards Special Committee, Moshe Gavrielov has focused on improving our corporate practices. In particular, I would like to recognize their continued energy during the last year and their efforts to enable a smooth transition with the Companys new director. I wish them both continued professional success.

Ms. Shire has been an executive consultant and founder of Orchard Consulting Group since 1994, specializing in leadership development and strategic problem solving for Fortune 500 companies as well as fast growing start-ups. During her professional career, she spent 20 years in the computer industry and was featured on the cover of Fortune magazine for her work in business transformation. She served as a vice president and officer at Digital Equipment Corporation with responsibility for its $1 billion healthcare market. She is currently on the board of The TJX Companies, Inc. (NYSE:TJX) where she has led the corporate governance committee for the last 10 years. Additionally, she has been a presenter for board governance issues for the Board Leaders and the National Association for Corporate Directors (NACD). Ms. Shire holds a bachelors degree from Boston Universitys School of Education and a masters degree from Harvard School of Education. She has also completed the International Marketing and Management Program at INSEAD in Fontaineblueu, France and completed advanced studies in organization design and behavior with Noel Tichy at Columbia University.

About Vitesse

Vitesse designs, develops and markets a diverse portfolio of high-performance, cost-competitive semiconductor solutions for communications and storage networks worldwide. Engineering excellence and dedicated customer service distinguish Vitesse as an industry leader in Gigabit Ethernet LAN, Ethernet-over-SONET, Fibre Channel, Serial Attached SCSI, Optical Transport, and other applications. Vitesse innovation empowers customers to deliver superior products for Enterprise, Access, Metro, and Core applications. Additional company and product information is available at www.vitesse.com.

Vitesse is a registered trademark in the United States and/or other jurisdictions of Vitesse Semiconductor Corporation. All other trademarks or registered trademarks mentioned herein are the property of their respective holders.

Safe Harbor

Statements made in this release that are not historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties and are subject to change at any time. These forward-looking statements may include, but are not limited to, statements containing words such as anticipate,believe, plan,estimate, expect,hope, intend, and similar expressions. Factors that could cause actual results to differ are identified in the public filings made by Vitesse with the Securities and Exchange Commission and include the fact that we have disclosed that you should not rely upon our published financial statements and the fact that we have not filed all of our reports required by the Securities Exchange Act of 1934. More information on factors that could affect our business and financial results are included in our public filings made with the Securities and Exchange Commission, which are available on the web site of the Securities and Exchange Commission, www.sec.gov.

The forward-looking statements involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control. We caution investors that any forward-looking statements made by us are not guarantees of future performance. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements to reflect future events or developments.

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