Weakness in market prompting Vitesse to delay new product. (Media & Technology).Semiconductor maker Vitesse Semiconductor Corp. will delay release of its 10 gigabit-per-second network processor because the market is too weak for the device. Camarillo-based Vitesse is the latest semiconductor maker to postpone post·pone tr.v. post·poned, post·pon·ing, post·pones 1. To delay until a future time; put off. See Synonyms at defer1. 2. To place after in importance; subordinate. development of the high-speed processor. IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corp. and Motorola Inc. have also backed off plans. The processor, which would ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale the speed and efficiency of ethernet networks, has seen demand slow to just a trickle as suppliers like Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. Inc. and Lucent Technologies Inc. and network operators like WorldCom Inc. and Verizon Communications
Verizon Communications, Inc. Inc. have moved away from the ultra-high-speed devices. "We don't really see the market for the 10 gig processor at all," said Jennifer Goman, a spokeswoman for Vitesse, "and we're not seeing that customers are really looking to make that jump to 10 gigs." Vitesse said it would not abandon its network processing operations altogether, but will now focus on its slower devices for the 2.5 Gbit optical connection market. Jeremy Lopez, an analyst with Morningstar Inc., said the company has been hit hard by the tech downturn and needs to reduce its research and development expenses. "The company is not able to keep in step with the market." |
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