TranSwitch (TXCC -7.4%) dips after missing Q1 estimates late yesterday. Net losses widened as...

|About: TranSwitch Corp. (TXCCQ)|By:, SA News Editor

TranSwitch (TXCC -7.4%) dips after missing Q1 estimates late yesterday. Net losses widened as revenue fell 55% Y/Y and margins weakened on higher R&D costs. Additionally, the company disclosed plans to sell up to 1.5M shares of common stock in a secondary offering.