Seeking Alpha

TXCC
TranSwitch Corporation

5/26/2012, 3:33 PM ET
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TXCC Market Currents more »
  • May 9 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. [Tech, On the Move, Earnings]
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