TranSwitch to Raise $10 Million in Stock Offering

TranSwitch filed a prospectus supplement to sell up to an aggregate of $10,000,000 of its common stock (Shares) through an “at-the-market�? (ATM) offering. The company said it intends to use the proceeds from any sales related to the offering for product development, working capital and other general corporate purposes. http://www.transwitch.com