Vitesse semiconductor company (pink sheet: VTSS – news) Announce the securities trading committee (stock exchange committee) Personnel agree give it give a recommendation committee, suggest which piece to suitable for there aren’t all thing cause, the settlement that the company is concluded by the company announced in May of 2006, enter the irregular things of convention of historical stock option and certain other explanation. Under the settlement that is suggested, company pay 1300 ten thousand punishment of citizen and agree in forbid company antifraud and other federal pledge fixed destruction of law unite for ever The Nation court enters a last instance result. Retrospect worked out in accordance with the last file of company and personnel in settlement that is suggested and agreeing with and booking, and is checked and approved to influence by the end of the committee.
Vitesse current board of directors, with managing, because of April of 2006, have already cooperated with the personnel in this investigation of the stock exchange committee, appropriate. Board of directors and management have already strengthened the company and obeyed and managed the convention with the company notably.