Vitesse® Making Next-Generation Networks a Reality.

Christopher R. Gardner, age 50, has served as a director and our Chief Executive Officer since 2006. From 2002 until he was appointed Chief Executive Officer in 2006, he served as Vice President and General Manager of the Network Products Division. He served as Vice President and Chief Operating Officer from 2000 to 2002. Prior to joining Vitesse in 1986, Mr. Gardner served as a member of the Technical Staff at Bell Laboratories. Mr. Gardner's extensive career in the semiconductor industry, combined with his extensive knowledge and understanding of our Company, the industry and the markets in which we operate, and the issues facing the Company, make Mr. Gardner a valuable member of our Board. Mr. Gardner received his BSEE degree from Cornell University and his MSEE degree from the University of California at Berkeley.

Holdings: 515,133 shares     View Transactions
Date	Type	Shares Traded	Price Range
May 1, 2013	Disposition (Non Open Market)	17,039	2.01
Mar 7, 2013	Acquisition (Non Open Market)	182,000	n/a
Feb 12, 2013	Disposition (Non Open Market)	13,104	2.18
Dec 12, 2012	Buy	14,285	1.75
Dec 9, 2012	Disposition (Non Open Market)	28,625	1.82
Feb 12, 2012	Disposition (Non Open Market)	10,995	3.58
Feb 1, 2012	Disposition (Non Open Market)	16,093	3.25
Dec 9, 2011	Acquisition (Non Open Market)	165,000	n/a
Dec 9, 2011	Disposition (Non Open Market)	13,506	2.54
Oct 14, 2011	Disposition (Non Open Market)	917	2.46
Mar 2, 2011	Disposition (Non Open Market)	10,738	5.49
Dec 9, 2010	Acquisition (Non Open Market)	147,400	n/a

Edward Rogas, Jr., age 70, has served as a director and Chairman of the Board since 2006. Mr. Rogas is a director and consultant to companies in the technology industry. He served as a Senior Vice President at Teradyne, Inc., an automated test equipment manufacturer, from 2000 to 2005. From 1976 to 2000, he held various management positions in the semiconductor ATE portion of Teradyne, Inc., including Vice President from 1984 to 2000. From 1973 to 1976, he served as a Vice President at American Research and Development. Mr. Rogas serves on the Board of FormFactor, Inc., a manufacturing test-technology company, and Vignani Technologies, Pvt Ltd. (a private Indian company). Mr. Rogas previously served on the board of directors of Photon Dynamics, Inc., a provider of digital imaging technology. Mr. Rogas brings to our Board extensive experience in engineering development and operations in the technology industry, financial sophistication and public company board experience. Mr. Rogas holds a BS degree from the United States Naval Academy and an MBA degree from Harvard Business School.

Holdings: 77,456 shares     View Transactions
Date	Type	Shares Traded	Price Range
Jan 14, 2013	Acquisition (Non Open Market)	13,500	n/a
Dec 12, 2012	Buy	15,000	1.75
Jan 9, 2012	Acquisition (Non Open Market)	19,784	n/a
Jan 10, 2011	Acquisition (Non Open Market)	13,253	n/a

Matthew Frey has more than 16 years experience in senior executive and advisory roles at technology companies and brings operational, strategic, industry, and software development expertise to the Board. He is currently the Chief Executive Officer of Optimum Energy, LLC, a cloud-based SaaS provider of energy management applications for complex buildings, data centers, campuses, hospitals, and manufacturing facilities, a position he has held since November 2010. Prior to that, he served as President and Chief Operating Officer of World Wide Packets, a leading provider of Carrier Ethernet solutions until its sale to Ciena Corporation. Following the sale, Mr. Frey served as Ciena’s Sr. Vice President of Business Development. Mr. Frey has also held strategic positions at Data Base, Inc. and Payroll Online and worked as an auditor at Price Waterhouse early in his career. Mr. Frey holds a BS degree in accounting from Santa Clara University.

Steven P. Hanson, age 62, has served as a director since August 2007. For more than 32 years, Mr. Hanson has served in senior executive roles at technology companies, including 28 years at Motorola in various engineering management and leadership positions. Mr. Hanson has served as the President and Chief Executive Officer of ON Semiconductor from 1999 to 2003. Mr. Hanson has been a senior partner at Southwest Value Acquisitions LLC, a private equity firm, since 2004. He served as the Chairman of InPlay Technologies, Inc., a high-technology firm delivering leadership human input device technologies and products from 2005 to 2007. Mr. Hanson has served Arizona State University as a member of the Dean's Advisory Council, W.P. Carey School of Business and the Dean's Advisory Council for the Ira A. Fulton School of Engineering. As a former senior executive at technology companies including ON Semiconductor and the GM of Europe, Middle East and Africa Semiconductor Group of Motorola, Mr. Hanson brings operational, strategic and industry expertise to our Board. Mr. Hanson holds a BSEE degree from the College of Engineering at Arizona State University.

Holdings: 68,270 shares     View Transactions
Date	Type	Shares Traded	Price Range
Jan 14, 2013	Acquisition (Non Open Market)	13,500	n/a
Dec 12, 2012	Buy	5,714	1.75
Jan 9, 2012	Acquisition (Non Open Market)	19,784	n/a
Jan 10, 2011	Acquisition (Non Open Market)	13,253	n/a

James H. Hugar, age 64, has served as a director since October 2009. Mr. Hugar retired from Deloitte & Touche, LLP, where he was an audit partner from 1982 to 2008, specializing in the financial services industry. Prior to his retirement, he served as the partner-in-charge of the Southern California Investment Companies Industry and Broker/Dealer Practice Unit. Mr. Hugar serves on the Board of Advisors of American Relocation & Logistics, Inc., a privately-held company. With over 35 years of experience in public accounting, including participation at hundreds of audit committee meetings and serving as director/advisor for both privately and publicly held companies, Mr. Hugar brings public company financial expertise to the Board. Mr. Hugar holds a BS degree in Accounting from Pennsylvania State University and an MSBA degree from the University of California, Los Angeles and is a Certified Public Accountant.

Holdings: 78,456 shares     View Transactions
Date	Type	Shares Traded	Price Range
Jan 14, 2013	Acquisition (Non Open Market)	13,500	n/a
Jan 9, 2012	Acquisition (Non Open Market)	19,784	n/a
May 17, 2011	Buy	5,000	4.02
Jan 10, 2011	Acquisition (Non Open Market)	13,253	n/a
Aug 18, 2010	Buy	4,000	3.66
Aug 17, 2010	Buy	10,000	3.68

Mr. Jarvis co-founded Cedar Grove Partners, LLC, an investment and consulting/advisory partnership with a focus on wireless communication investments in 1997, and currently is its managing member. While at Cedar Grove, he has invested in several successful early-stage companies in the telecommunications area and has served on a number of public and private boards. Prior to co-founding Cedar Grove, Mr. Jarvis served as a senior executive of Eagle River, Inc., a Craig McCaw investment firm. While at Eagle River, he founded Nextlink Communications on behalf of McCaw and served on its board of directors. He also served on the board of directors of Nextel Communications, NextG Networks, Inc., Wavelink Communications Inc., NextWeb, Inc., and Cantata Technologies, Inc. From 1985 to 1994, Mr. Jarvis served in several executive capacities at McCaw Cellular Communications up until it was sold to AT&T.

Mr. Jarvis currently serves on the board of Kratos Defense & Security Solutions and Airspan Networks, both publicly traded companies. He is a venture partner with Oak Investment Partners, a venture capital firm. Mr. Jarvis holds a B.A. in Business Administration from the University of Washington.

Kenneth H. Traub has over 20 years of senior management, corporate governance, turnaround, and transaction experience with various public and private companies. He is the President and Chief Executive Officer of Ethos Management LLC, which specializes in investing in and advising undervalued companies to execute strategies to build and unlock stockholder value, a position he has held since January 2009. Prior to this role, he was President and Executive Officer of American Bank Note Holographics, Inc. (ABNH), a leading global supplier of optical security devices, until JDS Uniphase Corp. (JDSU) acquired the company , where he then served as Vice President. He was also the co-founder and Executive Vice President and CFO of Voxware, Inc., a pioneer in VoIP communication technologies and was a Vice President at Trans-Resources, Inc., a multinational holding company and investment manager. Mr. Traub currently serves on the boards of directors of MRV Communications, Inc. (OTCQB: MRVC), of which he is currently Chairman; iPass, Inc. (Nasdaq: IPAS); DSP Group, Inc. (Nasdaq: DSPG); and Athersys, Inc. (Nasdaq: ATHX). Mr. Traub also serves as Chairman of the Board of privately-held Omnego, Inc. Mr. Traub received a BA degree from Emory College and an MBA from Harvard Business School.