Vitesse buys back $60.9 million of convertibles in fourth quarter

Pittsburgh, Aug. 18 - Vitesse Semiconductors Corp. bought back $60.9 million of its convertible subordinated debentures due March 2005 in the fourth quarter of fiscal year 2004, according to a company news release.

The company bought back the debentures for cash at "various prices below par," the release said.

Vitesse is a Camarillo, Calif., designer, developer and marketer of semiconductor solutions for worldwide communications and storage networks.

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