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News Breaks
16:16 EDTTXCC
theflyonthewall.com: TranSwitch announces one-for-eight reverse stock split
TranSwitch announced that a previously approved reverse split of its common stock will take effect at 11:59 p.m and be reflected in the market at the start of NASDAQ trading on Tuesday, November 24 on a 1-for-8 split-adjusted basis. The Company's shares will continue to trade on the NASDAQ Capital Market under the symbol "TXCC," with the letter "D" added to the end of the trading symbol commencing on November 24 for a period of 20 trading days to indicate the reverse stock split has occurred. The Company's symbol will revert back to its original symbol "TXCC" on December 22.. :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