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TranSwitch

(TXCC)

was up 23.4% in midmorning after

Robertson Stephens

reiterated its buy rating, saying the company has little exposure to the inventory problem that is hurting other communications chipmakers. Other telecom chip companies were also sharply higher.

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Broadcom

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was up 11.1%.

PMC Sierra

(PMCS)

was up 7.9%.