Vitesse Names Rich Yonker as CFO

Vitesse Semiconductor Corporation (Pink Sheets:VTSS) today announced that Rich Yonker has been named its chief financial officer. As part of the executive management team and an officer of the Company, Mr. Yonker’s responsibilities include strategic leadership and analysis of both long-range and immediate financial and operational goals, directing financial systems and control processes and being the custodian of all financial and regulatory filings. Mr. Yonker reports to Christopher Gardner, chief executive officer. "We are committed to strengthening the financial and operational aspects of Vitesse and have taken positive steps over the last several quarters,” said Mr. Gardner. "Rich’s extensive background as a CFO and high tech industry knowledge will contribute to our success as we continue to move our business forward. He is a welcomed addition to our executive team.” "Vitesse is well known for its long history of technology innovation, high-performance product offering and strong customer relationships,” said Mr. Yonker. "I’m excited to have this opportunity to serve as CFO and to contribute to the future success of Vitesse.” Rich Yonker has over 35 years of business and financial experience in both public and private companies. Before joining Vitesse, he was chief financial officer for Capella Photonics. Mr. Yonker has also served as chief financial officer for Avanex Corporation, Actelis Networks, a telecommunications company, Bermia, a WiFi semiconductor company, Agility Communications, and MMC Networks, among others. Additionally, he has held senior management positions at The ASK Group, Digital Equipment Corporation, Intel, and General Motors. Mr. Yonker holds a bachelor’s degree in industrial engineering from the General Motors Institute and a master’s degree in finance management from the Massachusetts Institute of Technology. Mr. Yonker will collaborate with Shawn C.A. Hassel, managing director with Alvarez & Marsal, LLC, who was appointed the acting CFO of Vitesse on April 26, 2006 and on December 14, 2006 was named chief restructuring officer for Vitesse. Together with Mr. Gardner and Mr. Yonker, he will continue his work to improve and strengthen the operations and finances of Vitesse and augment the accounting and financial staff of the Company. 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.