LOS ANGELES -- Chapman Capital L.L.C. today announced that it has filed an amended Schedule 13D with the United States Securities and Exchange Commission demanding the resignation of Camarillo, CA based Vitesse Semiconductor Corporation (Fmr. NASDAQ: VTSS) director James A. Cole, co-founder and General Partner of Windward Ventures, L.P. (http://www.windwardventures.com).

Robert L. Chapman, Jr., Managing Member of Chapman Capital L.L.C., commented, “Having conducted its own investigation of the Compensation Committee that seems to have approved the issuance of backdated stock options to former senior executives of Vitesse, Chapman Capital has followed a trail of circumstantial evidence and now finds itself on the doorstep of 20-year Vitesse director and Compensation/Audit Committees member Jim Cole. Clearly, we are not alone in forming our opinion, with the majority of callers who spoke on Vitesse’s fourth fiscal quarter conference call referencing Mr. Cole’s prospective resignation from the Board. Moreover, should the Vitesse Special Committee headed by former Teradyne senior executive Edward Rogas, Jr. have accumulated evidence that exposes Mr. Cole as having committed or been illicitly complicit in any criminal act, Chapman Capital demands that such information be turned over to federal authorities so that Mr. Cole may serve any prison sentence that may be dictated by the laws regulating such professional deportment.”

Chapman Capital LLC