MARTIN MCDERMUT, CFO of Vitesse Semiconductor, purchased 19,935 shares of Vitesse Semiconductor (Stock Symbol: VTSS) at $2.48 per share for a total amount of $49,400 dollars on December 13, 2013.
Vitesse Semiconductor is based in Camarillo, California.
On January 6th 2014, Vitesse Semiconductor Corporation (NASDAQ: VTSS), a leading provider of advanced IC solutions for Carrier and Enterprise networks, launched its acclaimed Signal Integrity technical seminars. Created to educate design engineers and system architects, this hands-on workshop focuses on best practices to preserve signal integrity when designing next-generation systems migrating from 10G to 25G and beyond.
On January 15th 2014, Vitesse will present at the 16th Annual Needham Conference in New York City.
On December 5th 2013, Vitesse announced its latest quarterly results. New product revenue grew 14% sequentially and 82% year-to-year. New product revenue represented 33% of product revenue for the fourth quarter
New product design wins for 2013 up 40% compared with 2012.
According to Capital IQ, Vitesse has a market cap of $186 million, an enterprise value of $177 million, and trailing 12 month revenues of $104 million.
Vitesse Semiconductor Corporation designs communications integrated circuits for network equipment. The Company designs and supplies communications integrated circuits for manufacturers of core, access, enterprise, metropolitan, and storage area network equipment. It develops gallium arsenide (GaAs) integrated circuits, which, although harder to make, perform at higher speeds than silicon chips. Its chips are primarily used in communications gear. The Company employs Gallium Arsenide, CMOS, and Silicon Germanium Technologies.
Martin McDermut’s most recent annual compensation from [Company Name] is a salary of $285,000. Mr. McDermut is 63 years old.
According to the biography, Mr. Martin (Marty) S. McDermut is the Chief Financial Officer of Vitesse Semiconductor Corp., since July 27, 2011. Prior to joining Vitesse, he provided Chief Financial Officer and interim management advisory services since 2007. From January 2009 to July 2011, Mr. McDermut served as Managing Director of Avant Advisory Group. From May to November 2010, he was the Interim Chief Financial Officer of IRIS International, Inc. Prior to joining Avant Advisory Group, from October 2007 to December 2008, he provided financial and management consulting services to various clients as Principal of his own financial consulting firm. Prior to this role, his career included Chief Financial Officer positions at publicly-traded, entrepreneurial and early-stage companies. Mr. McDermut worked for Coopers & Lybrand L.L.P. where he was a Partner of the firm’s Los Angeles Entrepreneurial Advisory Services Group. Mr. McDermut is a Certified Public Accountant, Certified Merger & Acquisitions Advisor, Certified Insolvency and Restructuring Advisor, and Certified Fraud Specialist.
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