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Thursday, Apr 25, 2024

Vitesse Cancels Earnings Announcement

Three days after announcing an internal investigation into its stock option accounting and placing three executives on administrative leave, Vitesse Semiconductor Corp. said it has canceled its second-quarter earnings call. The announcement was originally scheduled for Monday, but the company said that it will not be able to file its 10-Q quarter report by its due date of May 10. Shares were down 7 percent $2.51 at the close of trading.

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