Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Techwell Inc.

Levi & Korsinsky is investigating the Board of Directors of Techwell Inc. (“Techwell” or the “Company”) (NasdaqGS: TWLL) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Intersil Corporation (NasdaqGS: ISIL) ("Intersil"). Under the terms of the transaction, Techwell shareholders will receive $18.50 in cash for each Techwell share of common stock they own for a total transaction value of approximately $370 million.

For the quarter ending September 30, 2009, Techwell reported gross profit of $10.980 million and net income of $1.059 million as compared to gross profit and net loss of $7.197 million and $416 thousand, respectively, for the prior quarter. The investigation concerns whether the Techwell Board of Directors breached their fiduciary duties to Techwell stockholders by failing to adequately shop the Company before entering into this transaction and whether Intersil is underpaying for Techwell shares, thus unlawfully harming Techwell stockholders.

If you own common stock in Techwell and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/twll1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

Techwell (MM) (NASDAQ:TWLL)
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