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Technology Stocks : TranSwitch Corp: Will they get Zenith Business? -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (659)	10/17/2002 10:00:51 AM
From: The Ox	Read Replies (2) \| Respond to of 669

I can sympathize with their plight but I still consider this company to be too stubborn for their own good. If they are right, they will last through the telecom downturn but at what cost? Hundreds of millions of dollars wasted away because they didn't see the downturn coming. They have totally screwed their investors, which is why the stock is selling for less then half Tangible Book. If they continue to burn 20 million a quarter while earning $3 million, there is a VERY limited window for this company. I wish them well but I don't find their business model worth investing in at this point. I still see it as investing in HOPE. If they have miscalculated on their view of the future, like they did a few years ago, then what little equity is left is slowing pouring down the drain. They aren't the only company in this space!