TranSwitch Regains Compliance with NASDAQ Minimum Bid Price Rule
12 12월 2009 - 4:34AM
Business Wire
TranSwitch® Corporation (NASDAQ: TXCC), a leading provider of
semiconductor solutions for the converging data, video and voice
wireline and wireless networks, today announced that on December
09, 2009, the Company received notice from the NASDAQ Stock Market
stating that since the closing bid price of the Company’s common
shares has been at or above $1.00 per share for at least 10
consecutive trading days, it has regained compliance with the
minimum bid price rule enumerated in NASDAQ Listing Rule
5450(a)(1).
TranSwitch Corporation’s shares will continue to trade on the
NASDAQ Capital Market under the symbol "TXCCD” until December 22,
2009, when the Company's symbol will revert back to its original
symbol "TXCC.”
About TranSwitch Corporation:
TranSwitch Corporation (Nasdaq: TXCC)
designs, develops and markets innovative semiconductors and
technologies that provide core functionality and complete solutions
for voice, data and video communications network equipment. As a
leading supplier to telecom, datacom, cable television and wireless
markets, TranSwitch customers include the major OEMs that serve the
worldwide public network, the Internet, and corporate Wide Area
Networks (WANs). TranSwitch devices are inherently flexible, many
incorporating embedded programmable microcontrollers to rapidly
meet customers’ new requirements or evolving network standards by
modifying a function via software instruction. TranSwitch
implements global communications standards in its VLSI solutions
and is committed to providing high-quality products and services.
TranSwitch, Shelton, CT, is an ISO 9001 registered company. For
more information, visit www.transwitch.com.
Forward-looking statements in this release, including statements
regarding management's expectations for future financial results,
continued listing 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, including without limitation risks associated with
acquiring new businesses; of 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 relating to TranSwitch's indebtedness; risks of
failing to attract and retain key managerial and technical
personnel; risks associated with foreign sales and high customer
concentration; risks associated with competition and competitive
pricing pressures; risks associated with investing in new
businesses; risks of dependence on third-party VLSI fabrication
facilities; risks related to intellectual property rights and
litigation; risks in technology development and commercialization;
and other risks detailed in TranSwitch's filings with the
Securities and Exchange Commission.
TranSwitch is a registered trademark of TranSwitch
Corporation.
Transwitch (MM) (NASDAQ:TXCCD)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
Transwitch (MM) (NASDAQ:TXCCD)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025
