TranSwitch Corp. (Nasdaq: TXCC), meanwhile, announced its third-quarter revenues would be $7 million to $7.4 million, instead of the forecasted $9.3 million to $10.5 million.
Ikanos stock is up 6 cents (1%) at $5.43. Apparently investors liked seeing cost-cutting plans.
TranSwitch shares are down 9 cents (6.5%) at $1.29 after hours. Apparently investors didn't like seeing revenue-cutting forecasts.
— Craig Matsumoto, West Coast Editor, Light Reading