TRANSWITCH CORP /DE
8-K, 2000-05-23
SEMICONDUCTORS & RELATED DEVICES
Previous: CASTLE HARLAN INC ET AL, 3, 2000-05-23
Next: LANGUAGEWARE NET CO LTD, S-2, 2000-05-23



<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549


                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported):  May 9, 2000

                             TranSwitch Corporation
             -----------------------------------------------------
             (Exact name of Registrant as specified in its charter)

                  Three Enterprise Drive, Shelton, Connecticut
             -----------------------------------------------------
                    (Address of principal executive offices)

                                      06484
             -----------------------------------------------------
                                   (Zip Code)

                                 (203) 929-8810
             -----------------------------------------------------
               Registrant's telephone number, including area code


          Delaware                        0-25996                06-1236189
- ----------------------------              -------                ----------
(State or other jurisdiction       (Commission File Number)    (IRS Employer
     of Incorporation)                                        Identificaton No.
<PAGE>

ITEM 5.   Other Events.
          ------------

     On May 9, 2000, the Company issued a press release, a copy of which is
attached as Exhibit 99.1 to this Current Report on  Form 8-K.

ITEM 7.   Financial Statements and Exhibits.
          ---------------------------------

Exhibit No.      Exhibits
- -----------      --------

99.1             Press Release of the Company dated May 9, 2000.

                                       2
<PAGE>

                                   SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                    TRANSWITCH CORPORATION



May 23, 2000                        By /s/ Michael F. Stauff
                                       --------------------------
                                       Michael F. Stauff
                                       Chief Financial Officer

                                       3
<PAGE>

                                 Exhibit Index
                                 -------------
Exhibit No.  Description                                          Page No.
- -----------  -----------                                          --------

99.1         Press Release of the Company dated May 9, 2000.          5

                                       4

<PAGE>

                                                                    Exhibit 99.1
                                                                    ------------




           TRANSWITCH CORPORATION ANNOUNCES ACQUISITION OF EASICS NV
           ----------------------------------------------------------

   Belgium-based Design Company with Extensive Design Expertise in VHDL-based
  Digital ASIC Design for Telecommunications and Data Communications Joins the
                               TranSwitch Family

(Shelton, CT) May 9, 2000 -- TranSwitch Corporation (NASDAQ:TXCC) today
announced it has acquired EASICS NV, an independent ASIC design service company
with 21 employees skilled in the development of very complex digital ASICs for
applications in the telecommunications and data communications industry, in
exchange for approximately 250,000 shares of TranSwitch common stock. The
acquisition is intended to be accounted for as a pooling of interests.

"The acquisition is aimed at accelerating our customers' time to market with
advanced multi-service VLSI solutions for access and transport applications. The
acquisition of EASICS NV significantly expands TranSwitch's capability with
additional engineering talent, intellectual property and facilities," stated Dr.
Santanu Das, President and CEO of TranSwitch Corporation.

"This acquisition is one more critical step towards strengthening our position
as a leading developer and global supplier of innovative high-speed VLSI
semiconductor solutions - Connectivity Engines/TM/- to original equipment
manufacturers who serve three fast-growing end-markets: the Worldwide Public
Network Infrastructure, the Internet Infrastructure, and corporate Wide Area
Networks (WANs). We welcome EASICS NV to our team and look forward to expanding
our development efforts and technology capabilities with the talent pool
available in EASICS NV," concluded Dr. Das.

 "We are pleased that a company of TranSwitch's stature has embraced EASICS NV,"
said Dr. Andre Oosterlinck, Chairman of the Board of EASICS NV and Rector of
Katholieke Universiteit Leuven.  "We are confident that EASICS NV will continue
to grow and prosper in the coming years as a member of the TranSwitch family and
will become an essential part of TranSwitch's success story."

ABOUT TRANSWITCH CORPORATION:

TranSwitch Corporation, headquartered in Shelton, Connecticut, is a leading
developer and global supplier of innovative high-speed VLSI semiconductor
solutions - Connectivity Engines/TM/- to original equipment manufacturers who
serve three fast-growing end-markets: the
<PAGE>

Worldwide Public Network Infrastructure, the Internet Infrastructure, and
corporate Wide Area Networks (WANs). Combining its in-depth understanding of
applicable global communication standards and its world-class expertise in
semiconductor design, TranSwitch Corporation implements communications standards
in VLSI solutions which deliver high levels of performance. Committed to
providing high-quality products and service, TranSwitch is ISO 9001 registered.
Detailed information on TranSwitch products, news announcements, seminars,
service and support is available on TranSwitch's home page at the World Wide Web
site - http://www.transwitch.com.

ABOUT EASICS NV:

EASICS NV, located in Leuven, Belgium, is an independent ASIC design services
company founded in 1991, focusing on very complex digital ASICs for applications
in telecommunications and data communications. EASICS NV's services are targeted
to system houses and electronics companies in the telecommunications and data
communications markets that need external design resources and expertise in VHDL
and C/C++ based design to complement their in-house design teams. EASICS NV's
customers include Philips, Alcatel, Motorola and TranSwitch. For more
information, visit:  http://www.easics.com.


Forward-looking statements in this release are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.  Investors
are cautioned that all forward-looking statements involve risks and
uncertainties, including without limitation, risks of dependence on third-party
VLSI fabrication facilities, intellectual property rights and litigation, risks
in technology development and commercialization, risks in product development
and market acceptance of and demand for the Company's products, risks of
downturns in economic conditions generally, and in the telecommunications and
data communications markets and the semiconductor industry specifically, risks
associated with competition and competitive pricing pressures, risks associated
with foreign sales and high customer concentration and other risks detailed in
the Company's filings with the Securities and Exchange Commission.

TranSwitch is a registered trademark of TranSwitch Corporation.

FOR MORE INFORMATION CONTACT:

Mary Lombardo                   Dirk Callaerts
TranSwitch Corporation          EASICS NV
Email: [email protected]             Email: [email protected]
Phone: (203) 929-8810           Phone: +32 16-395-602
Fax:   (203) 926-9453           Fax:   +32 16-395-619



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission