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News Breaks
08:01 EDTTXCC
theflyonthewall.com: TranSwitch annoucnes one-for-eight stock split
TranSwitch announced that its board has approved the implementation of a one-for-eight reverse stock split of the Company's common stock. The reverse stock split, which was authorized by the stockholders at the Company's 2009 annual meeting of stockholders on May 21, will take effect at 11:59 p.m.on November 23. :theflyonthewall.com



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February 1, 2010
16:22 EDTTXCC
theflyonthewall.com: TranSwitch to save $4M per year through reduced workforce and other initiatives
TranSwitch has recently effected a restructuring to be implemented and concluded during 1Q10. TranSwitch expects that these initiatives will result in annual savings of approximately $4M, and that these savings will begin to be recognized in 1Q10. Of this amount, TranSwitch expects annual savings of approximately $2.4M in reduced employee related costs including base salary reductions and $1.6M from other cost savings initiatives. :theflyonthewall.com