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

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.

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