TranSwitch
Corporation (NASDAQ: TXCC),
a leading provider of semiconductor solutions in the rapidly growing
consumer electronics and telecommunications markets, today announced
that it has retained Needham & Company as financial advisor to assist
the Board of Directors in evaluating various strategic alternatives
available to the Company. “As a result of certain confidential inquiries
TranSwitch has received, our Board has concluded that hiring Needham and
Company to assist in evaluating all of our alternatives best furthers
the interests of our shareholders,” stated Dr. M. Ali Khatibzadeh,
President and CEO of TranSwitch Corporation.
About TranSwitch Corporation
TranSwitch Corporation (Nasdaq:TXCC) provides innovative
integrated circuit (IC) and intellectual property (IP) solutions that
deliver core functionality for video, voice, and data communications
equipment for the customer premises and network infrastructure markets.
For the customer-premises market, we offer multi-standard, high-speed
interconnect solutions enabling the distribution and presentation of
high-definition (HD) video and data content for consumer electronics
applications. We also provide a family of best-in-class communications
processors. For the network infrastructure market we provide
integrated multi-core network processor System-on-a-Chip (SoC) solutions
for Fixed, 3G and 4G Mobile, VoIP and Multimedia applications. TranSwitch’s
customers are leading consumer electronics and telecom equipment
companies around the globe. For more information, please visit www.transwitch.com
or follow us at Facebook
or Twitter.
Forward-looking statements in this release, including statements
regarding management's expectations for future financial results and the
markets for TranSwitch's products, are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that these forward-looking statements regarding
TranSwitch, its operations and its financial results, involve risks and
uncertainties that could cause actual results to differ materially from
those contained in the forward-looking statements, including without
limitation the risks associated with downturns in economic
conditions generally and in the telecommunications and data
communications markets and the semiconductor industry specifically;
risks in product development and market acceptance of and demand for
TranSwitch’s products and products developed by TranSwitch’s customers;
risks associated with foreign sales and high customer concentration;
risks associated with competition and competitive pricing pressures;
risks in technology development and commercialization; risks of
failing to attract and retain key managerial and technical personnel;
risks relating to TranSwitch’s available cash; risks associated with
acquiring new businesses; risks of dependence on third-party VLSI
fabrication facilities; risks related to intellectual property rights
and litigation; and other risks detailed in TranSwitch's filings with
the Securities and Exchange Commission.
TranSwitch expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any such statements to
reflect any change in expectations or any change in events, conditions
or circumstances on which any such statement is based.
TranSwitch is a registered trademark of TranSwitch Corporation.
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