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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (34249)	4/15/1999 9:15:00 PM
From: Jenna	Respond to of 120523

TXCC. Thumbs Down to Advest Securities- Kudos to Robertson Stephens whose upgrade put Advest' ineptitude to shame. biz.yahoo.com TXCC In 34,000 posts I have never once stated my feeling about the ineptness and utter stupidity of some "analysts" and I use that term loosely. What is the reason one stock is upgraded after an earnings report and one stock is downgraded? The stock is about 17% of its high so its not overextended. Am I missing something here? I can see of no reason to downgrade a stock that has just beaten estimates by a solid margin, futures earnings estimates are raised declared a stock split and had a very upbeat earnings report. Could Advest have a bunch of people in the wings who shorted the stock? Well not owning the stock,I am still feeling for those holders who were rightfully excited after the report. I hope the stock goes sky high tomorrow and leaves those shorters with their pants down but I'm sure they are all safely out of the stock, or rather after covering their shorts rebought it near the close. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> TranSwitch Corporation Announces Record Revenue and Profitability in First Quarter SHELTON, Conn.--(BUSINESS WIRE)--April 14, 1999--TranSwitch Corporation (NASDAQ:TXCC - news) announced today that it has posted record revenues and profit in the first quarter ended March 31, 1999. Total revenues for the first quarter of 1999 were $14,461,000, a 68% increase over the total revenues of $8,606,000, reported for the first quarter in 1998. In addition, the Company reported net income of $3,124,000, or diluted earnings per share of $0.18, for the first quarter of 1999, compared to net income of $561,000, or diluted earnings per share of $0.04, for the first quarter of 1998. ''We believe the record first quarter revenue and the record profitability reflect a) the strong communications market we are serving, b) TranSwitch's solid position in these markets due to the credibility the Company has achieved with its technology, products, and proven track record in delivering value-added VLSI solutions, and c) our ability to integrate and mix and match a variety of protocols like Asynchronous/PDH, SONET/SDH, ATM and IP, along with integration of both digital and analog functions -- all in a single VLSI device,'' commented Dr. Santanu Das, CEO of TranSwitch Corporation. ''Our strategy in 1998 was to grow our revenue significantly and maintain increases in expenses in line with our financial goals. We believe this strategy paid off handsomely in 1998 and we plan to continue on this track in 1999.'' ''This is an exciting and challenging moment in our Company's growth,'' Dr. Das added. ''We believe that we have created a strong competitive position with our technology and our products, our customer relationships and alliances, and above all, with our programmable VLSI solutions. As a result, we believe we are very well-positioned to serve the three fast-growing communications end-markets, namely Worldwide Public Network Infrastructure, Internet Infrastructure, and Corporate Wide Area Networks (WANs), which we are targeting,'' continued Dr. Das.