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Good/Bad News

10:00 AM -- Ikanos Communications Inc. (Nasdaq: IKAN) announced yesterday afternoon an outsourcing and exec-shuffling plan that will create a $3.6 million to $4 million charge in the third quarter. Three executives are leaving, and former CFO Daniel Atler is becoming a part-time consultant.

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

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