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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (2572)	4/1/2002 9:15:26 PM
From: Crossy	Read Replies (1) \| Respond to of 95652

Cary, where did you get the "deferred LongTerm Asset Charges" from ? I was using the most recent 10Q report's unaudited balsheet, subtracted Goodwill from the shareholders equity and adjusted the proceed by the results of the Dutch Auction: biz.yahoo.com TranSwitch Corporation CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) December 31, December 31, 2001 2000 Assets Cash and short-term investments $ 409,592 $ 564,124 Accounts receivable, net 3,525 28,443 Inventories 8,227 14,898 Other current assets 5,959 9,360 Total current assets 427,303 616,825 Long-term investments 26,582 54,183 Property and equipment, net 18,946 13,464 Deferred income taxes, net 65,536 22,019 Goodwill and purchased intangible assets, net 56,107 8,447 Other assets 24,237 26,692 Total assets $ 618,711 $ 741,630 Liabilities and stockholders' equity Accounts payable, accrued expenses and other current liabilities $ 22,297 $ 23,891 Restructuring liabilities 2,999 - Total current liabilities 25,296 23,891 Restructuring liabilities 26,925 - Convertible notes 314,050 460,000 Total liabilities 366,271 483,891 Total stockholders' equity 252,440 257,739 Total liabilities & stockholders' equity $ 618,711 $ 741,630 -> Shareholders equity ... $252.4m - Goodwill............. $56.1m ------------------------------------- Book Value before Repurchase .. $196.3m + Gain in Book value rom Repurcahse ...... $60m ---------------------------------------- Book Value ... $256m Outstanding .. 90m Book Value per share $2.84 Ok.. here's the glitch .. I used 60m oustanding shares in my calculation. That was a mistake. It's 90m out. So the stock is a tad above book value but not much. In fact Price/book is around 1.17.. Sorry for my confusing 60 with 90.. Last but not least I liked this recent PR in which they announce a collaboration with a promising upstart for 40Gbit/second ASIC designs: biz.yahoo.com OptiX Networks and TranSwitch Corporation to Unveil Strategy for the Broadband Optical Network Market during OFC 2002 OptiX to deliver 40G and 10G VLSI solutions for optical transport BTW - a tiny firm where I recently bought a stake has announced photonic detector products (Photodiodes) in wafer form for integration into end OEM designs.. INTEVAC.. around $4.25.. sort of "complementary" investment to TXCC all the best CROSSY