Semiconductor manufacturer Vitesse will no longer be listed on the Nasdaq National Market beginning June 28, the company has announced. The Camarillo-based manufacturer meets all other listing requirements except the ability to file financial statements, the company said. Vitesse believes that its common stock will trade in the Pink Sheets beginning June 28 as well as has been informed that certain market makers will continue to make a market in Vitesse stock. Vitesse failed to meet the May 10 deadline to file financial statements for the quarter ending March 31 due to an ongoing investigation by the Special Committee of the Board of Directors. Vitesse is under investigation by federal prosecutors in New York State and by the Securities and Exchange Commission over the granting of stock options.
