[May 17, 2013] TranSwitch Retains Needham Tweet May 17, 2013 (Close-Up Media via COMTEX) -- TranSwitch Corp., a provider of semiconductor solutions, announced that it has retained Needham & Company as financial advisor to assist the Board of Directors in evaluating various strategic alternatives available to the Company. "As a result of certain confidential inquiries TranSwitch has received, our Board has concluded that hiring Needham and Company to assist in evaluating all of our alternatives best furthers the interests of our shareholders," said Ali Khatibzadeh, President and CEO of TranSwitch Corp., in a release dated May 14. ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]