Citing a change in the production plans by a major customer,
TranSwitch Corporation announced that it now expects revenues for the third quarter of 2006 to be approximately $9.3 million compared to revenues in the second quarter of 2006 of $10.3 million. Of the approximately $9.3 million of revenues, approximately $8.0 million will be net product revenues and $1.3 million will be from services revenues. The Company’s previous outlook for third quarter revenues announced on the July 26th, 2006 conference call was for revenues of approximately $10.3 million.
“While we are disappointed by the production delay of a major customer, we have confidence in the long term potential of TranSwitch based on our strong customer relationships with major telecommunication manufacturers, our innovative product portfolio and our stable financial foundation,” said Dr. Santanu Das, Chief Executive Officer of TranSwitch Corporation.
http://www.transwitch.com
