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: The Ox who wrote (663)	10/18/2002 1:10:07 AM
From: ELH1006	Read Replies (1) of 669

Michael, thanks for the reference and info. Very depressing situation, especially when you look at the horsepower they are up against and their main customers business environment. Net current assets are $193.8 million at 9-30-02; however the LT liabilities, including $114.3 million of convertible debt, totals $157.2 million. Realistically, the convertible could be paid off at a steep discount, based on the situation. If you assume 50 penny's on the dollar, this would whack off $57 million from the debt side, leaving net tangible liquid assets of approximately $93.6 million or $1.04 per share, before giving any credit to the business and the tax loss carryforward amounts. Seems ripe for a merger with a stronger player or at least with another company that needs cash and will soon ramp up sales, but who might that be? Eddie

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