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Vitesse trouble.


Vitesse Trouble: Vitesse Semiconductor Corp., a supplier of microchips, was notified last week that a trustee, U.S. Bank, moved up a debenture bond Debenture bond

An unsecured bond whose holder has the claim of a general creditor on all assets of the issuer not pledged specifically to secure other debt. Compare subordinated debenture bond and collateral trust bonds.
 due date and called for payment of $96.7 million in principal, plus interest, immediately. IBC IBC International Building Code
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 analyst Allan Mishan, who has a "Sector Underperformer" rating on the stock, said the threat of accelerated payments presents "a serious risk to Vitesse as the company has less than $30 million in cash on its balance sheet and is still in a cash bum 1. bum - To make highly efficient, either in time or space, often at the expense of clarity. "I managed to bum three more instructions out of that code." "I spent half the night bumming the interrupt code.  position." Vitesse's dispute with U.S. Bank centers U.S. Bank Center is a high-rise located in Milwaukee, Wisconsin, noted for being the tallest building in the state. It stands 601 feet (183 meters) and 42 stories tall. Topped off August 29, 1972 and completed in 1973, the building was originally named the  on the company's failed reporting of the latest quarterly results to date.
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Title Annotation:Camarillo,Vitesse Semiconductor Corp.
Publication:Los Angeles Business Journal
Article Type:Brief article
Geographic Code:1USA
Date:Aug 28, 2006
Words:105
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