TranSwitch Corp: Will they get Zenith Business? Message Board

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Technology Stocks : TranSwitch Corp: Will they get Zenith Business?

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To: SJS who wrote (516)	10/12/2000 9:01:01 PM
From: SJS	Read Replies (2) of 669

TranSwitch (TXCC, $54.94, $5B, Buy) TXCC Beats Estimates by Three Cents EPS: CY00E: $0.45; CY01E: $0.64 (old: $0.41/0.59) Rev $MM: CY00E: $152; CY01: $239 (old: $143/$216) · TXCC reported very impressive results of $0.14-beating our modeled EPS estimates of $0.11. The EPS upside can be attributed equally to upside revenue growth, lower than expected expenses, a temporary lower tax rate and a positive after-tax convertible effect. · Revenue growth of 25% ($42.6 MM) came in ahead of our modeled 13% Q/Q and in line with our previewed expectations. Visibility into 4Q00 and 2001 is solid, as the company cited that it would currently require less than 20% turns business to make 4Q. · Similar to June, LU, TLAB, and ERICY represented 10-13% apiece. We believe that TXCC’s exposure to LU is mostly in LU’s growing internet infrastructure business which includes LU’s AnyMedia family as well as several other product lines that utilize TXCC’s designs. · We are raising our estimates as noted above. We reiterate our Buy rating and our $75 price target.

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