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To: Thean who wrote (10339)	10/20/1999 1:14:00 PM
From: drsvelte	Read Replies (1) \| Respond to of 14427

SAN FRANCISCO, Oct 20, 1999 (BUSINESS WIRE) -- Robertson Stephens Managing Director and Senior Communications and Networking Analyst Paul Johnson today reiterated his Buy rating and raised estimates on TranSwitch Corp. (NASDAQ:TXCC) after the company reported third quarter earnings. TranSwitch, headquartered in Shelton, Conn., is a fabless semiconductor company that supplies advanced integrated circuits (ICs) used in broadband telecommunications applications. "We are reiterating our Buy rating on TranSwitch, after the company reported third-quarter results above published expectations. Revenues of $18.5 million and reported earnings-per-share of $0.21 were above our forecast of $17.6 million and $0.19 per share, respectively," said Johnson. "Revenues increased 15 percent sequentially and 51 percent year-over-year." "We are raising our estimates for fiscal 1999 and fiscal 2000 to reflect the higher revenues and profitability reported in the third quarter and our greater confidence in the company's business model," said Johnson. "We believe TranSwitch continues to do an excellent job of managing its financial performance, and that the company is delivering impressive financial results."