Transwitch

Unable to raise enough money to cover its financing and other liabilities, Shelton semiconductor maker TranSwitch Corp. filed for Ch. 7 bankruptcy Thursday.

Facing a real chance that the Nasdaq stock exchange could delist its stock in the near future, Shelton integrated circuit maker TranSwitch said today that it intends to pulled the listing voluntarily.

Shelton integrated circuit and intellectual property provider TranSwitch said its transceivers will be in several new projectors slated for production

Video-imaging circuitry maker Transwitch Corp.'s revenue plummeted by more than a third in its second quarter, with its net loss increasing 22 percent.

Shelton's TranSwitch Corp. stayed in the red in the first quarter despite higher sales of its microchip-based multimedia technology, and has hired a Wall Street investment bank to help sort through its “strategic alternatives,'' authorities say.

Shelton's TranSwitch Corp. says its branded communications processor will be at the heart of next-generation cellphone routers and switches from German telecom maker Teles AG.

TranSwitch Corp. sold 8.3 million securities units, generating the approximately $3.7 million in fresh capital the Shelton video-imaging circuit maker needs to regain its financial footing.

TranSwitch Corp. is selling more than 7 million securities units to generate at least $3.7 million in fresh capital, money the Shelton video-imaging circuit maker needs to refine and expand its product line globally and to get back in Nasdaq's good graces.

Shelton video-imaging circuitry maker TranSwitch Corp. is the latest Connecticut company facing Nasdaq delisting, this time for having below-minimum stockholders' equity, a regulatory filing shows.

Shelton multimedia-technology maker TranSwitch Corp. remained in the red in the fourth quarter despite an uptick in sales.