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Tech Stock News And Analysis

Tech Stock News and Analysis

Thursday, September 28, 2006

TranSwitch Corp. (TXCC NASDAQ) on Thursday said it expects lower third-quarter revenue due to a change in production plans by a major customer, sending the stock down more than 12 percent.

The chipmaker said it now expects third-quarter revenue of about $9.3 million, compared with its previous outlook of about $10.3 million.

Perform Background Checks On Anyone.......Even Corporate Executives!

For the third quarter, four analysts on average were expecting the company to post a loss of 2 cents a share, excluding exceptional items, on revenue of $10.7 million, according to Reuters Estimates.

TranSwitch shares fell 20 cents to $1.40 in late morning trade on the Nasdaq.

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