On October 28, 2009, James H. Hugar and G. Grant Lyon were each appointed as directors of Vitesse Semiconductor Corp. These appointments will become effective upon the closing of the debt restructuring transactions (the 'Closing') contemplated by the Debt Conversion Agreement filed with the Securities and Exchange Commission in the Company�s Current Report on Form 8-K on October 20, 2009. Mr. Hugar recently retired from Deloitte & Touche LLP, where he served as partner-in-charge of the Southern California Investment Companies Industry and Broker/Dealer Practice. Mr. Lyon is currently the president of Odyssey Capital Group, LLC. On October 22, 2009, Guy W. Adams and Willow B. Shire, and on October 26, 2009, Robert A. Lundy, (together, the 'Departing Directors') notified the Company that they will resign as Directors of the Company, effective upon the Closing.

Vitesse Semiconductor Corp. announced it has extended the date of the forbearance agreements with the holders of more than 98.8% of its 1.5% Convertible Subordinated Debentures due 2024 (2024 Debentures) and with the holder of Vitesse's $30.0 million senior secured loan. The forbearance agreements extend the time for Vitesse to negotiate a restructuring of its indebtedness. Under the terms of these forbearance agreements the holders of over 98.8% of the 2024 Debentures and the lenders for the senior secured loan have agreed to forbear from pursuing any remedies with respect to the collection of the 2024 Debentures or the senior secured loan until 12:00 pm (EDT) on October 16, 2009.

Vitesse Semiconductor Corp. and Dune Networks Inc. announced the co-simulation and interoperability of Vitesse's next-generation XAUI and VAUI interfaces with Dune's XAUI, SPAUI and RXAUI interfaces. When using the complementary and now interoperable product offerings from Vitesse and Dune, telecom OEMs can confidently shorten their design schedules and increase the possibility for first-time success when building high-performance Ethernet switches and routers for the Enterprise, data center and Carrier Ethernet markets from merchant silicon. Extensive device interconnect interface interoperability was validated as part of the joint solution. Vitesse offers a line of energy efficient single-, quad-and octal-port Gigabit Ethernet (GbE) Copper PHYs (i.e. VSC8664) as well as 1 GbE and 10 GbE MAC devices that deliver increased line card port density at reduced per port costs. The MACs provide a single-chip solution for the design of 1 GbE and 10 GbE line ports with support for 100M optical ports. The PETRA device from Dune integrates packet processing, traffic management and fabric access functionality. By integrating packet processing into the PETRA line of devices, Dune's solution offers the ability to design high-density switching line cards for data center and Carrier access applications utilizing a variety of options for network connectivity, including XAUI, XAUI+(SPAUI), RXAUI, SGMII, and SGMII+.