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VTSS Investor Forum

Vitesse Board Of Directors add a new member

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Scot Jarvis, co-founder of Cedar Grove Partners, which is a investment and consulting/advisory partnership, that focuses on wireless communication investments.

Jarvis has served on the board of many communication companies.

There are now seven members who make up the board.

Posted by christ3opher - 13 years ago | Updated 13 years ago

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Are we looking at Cedar Grove Partners as a new source of capital for VTSS?

Posted by dlog - 13 years ago

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That now gives the hedge funds four members appointed since the disasterous refinancing in Oct of 2009 (a majority for those counting). Gardner, Rogas and Hanson are the remaining 3 from before the refinancing. With the market for semi-conductors and network equipment in the communications space continuing to shrink in this economic environment, (read Cisco's comments from yesterday), consolidation is the only means of survival in my opinion. VTSS needs to get with another player to create a more dominant market presence that can take market share. I've never seen corporate egos like those that exist in this space. They all hate each other and each think they're going to dominate the market with their "cutting edge products", and none of them do. Why? One reason is the payday their CEO's and boards get at the expense of shareholders. Maybe this new appointment will change things for VTSS. Can't keep bouncing along the bottom like this forever. Scot: if you're reading, welcome aboard this ship of fools. Hope you can turn it around.

Posted by sharpinvestments - 13 years ago

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Unless this guy has a history of doing just that, Sharp, I would say he will turn out to just be another blood-sucker added to the board; or more dead wood like all of the other non-shareholder interested BOD and Management members that have come and gone since LT started the party off with a bang in 2006!

Posted by G - 13 years ago

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Below is the blurb from Cedar Grove Partners website.

"Some of the ways we have helped companies include:

· Acting as a sounding board in consultation on strategy and operational issues.

· Assisting in identification and recruitment of key employees, board members and advisors.

· Providing introductions to important partners in key software, hardware, internet, distribution, and communications companies.

· Providing introductions to important customers.

· Providing additional competitive surveillance and updates on new technical directions.

· Assisting in developing product and marketing strategies.

· Assisting in additional financing including any subsequent venture financing, bank debt, mergers and acquisition or IPOs.

· Providing introduction to investment bankers and analysts in preparation of an IPO.

· Helping entrepreneurs grow into great CEOs."

I think the fact that the board is now weighted toward corporate finance types, which is not a bad thing per se, speaks to the seventh bullet point above, "Assisting in additional financing including any subsequent venture financing, bank debt, mergers and acquisition or IPOs."

Posted by phobos - 13 years ago

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Does the most recent board appointment, and the majority of the board being finance types, say "sale"?

Posted by phobos - 12 years ago

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Not really; to me it says there are just more really stupid "smart" people climbing on board the VTSS train to nowhere really fast.

Posted by G - 12 years ago

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Oh the horror- where is the bottom in this POS??? $ 2.64/sh this AM! They should take the company private at these prices.

Posted by Techinvestor - 12 years ago

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This has nothing to do with the BOD but ..

AMCC gave an investor relations presentation at the Jefferies conference last week. The company is very aggressively forecasting significant growth in revenue after this June quarter (where revenue is expected to be $40 million way down from March). AMCC talking about $63 million in quarterly revenue by "end of year". And they are citing $150-$300 million of revenue from new products in the 12-24 months. They ahve 10 new products all of which have been designed into their customers new products and 4 of which the customer has given AMCC proprietary IP to include in the product. And they, the customers, have already paid for a good deal of R&D expense associated with then new product.

anyway all interesting given VTSS hesitance to say anything beyond 90 days and the continual backing away from even saying we think we can grow (at all).

Posted by dlog - 12 years ago

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$ 2.50/sh and sinking. How about all of us pooling our money- at this rate WE can buy the company ourselves.

Posted by Techinvestor - 12 years ago

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dlog,

How much money have we as a group collectively lost trying to extrapolate VTSS's business model to that of its "nearest competitors" that make chips for this market space? I am really no longer interested in any company's PR statements, especially when ALL of them are serial under performers and liars, with VTSS being the leader of the back. This turd looks like it is quickly entering reverse split teratority again and it would not surprise me one bit if the worthless management and BOD floating this POS did just that to us, again.

Posted by G - 12 years ago

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Pathetic stock performance- VTSS closes at $ 2.40/sh today, down over 10 % on the day.

Since March (Not that long ago) we have gone from $ 4/sh to $ 2.40 , a loss of 40 %. If company management would just say something positive about potential future business and appear to be proactive instead of comatose (SOP), maybe someone would think of buying the stock.

Posted by Techinvestor - 12 years ago

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Dlog, Vitesse will probably get a decent cut from those 10 new products...

Our lust for latest toys will keep the Vitesses of the world busy.
This is a buying opportunity...

Peace 2 all

Posted by GARIF - 12 years ago

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Vitesse has turned into a personal bank account for all of mgt. and board members to withdraw from. Nothing will change with the current idiots running the show. Or should I say nothing good will come with current mgt. and board. They have turned a $4 stock in 2006 to 12 cents (1:20 split). Yet they find the $$millions to dish out to each other. White collar crime, plain and simple. The whole bunch should be in prison.

Posted by OKSPSNOW - 12 years ago

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I second your comments OKSPSNOW, the FOOLS at the helm should be discarded like used toilet paper...

Posted by GARIF - 12 years ago

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