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NY Times: Transmeta's Stock Offering May Buck a Cooling Trend

Aug 30, 2000, 21:55 (0 Talkback[s])
(Other stories by Danny Hakim)

"In January, a semiconductor company called Transmeta promised technology that would allow laptop computer batteries to last a full workday. Though such long-lasting laptops are at least weeks away from their planned delivery date -- Transmeta has signed deals with prominent computer makers, including I.B.M. and Sony -- the company has filed for an initial offering."

"That public stock offering is widely expected to get a blazing reception, despite a market far cooler to new technology offerings than last year's. After all, the company is backed by two prominent billionaire investors, the financier George Soros and Paul Allen, co-founder of Microsoft. Its star employee is Linus Torvalds, the 30-year-old native of Finland who created the free Linux operating system and who is revered by many young programmers. And its Crusoe processors promise to be contenders in a rapidly growing market for laptops and mobile computing devices."

"Still, some professional investors are not too optimistic about how the dust will settle after the offering. They point out that the devices with Transmeta processors have not yet reached the public, and the company has recorded $119.4 million in losses in just over five years. And then there is Intel. Though technology analysts say Transmeta's technology will have advantages in the mobile computing market, Intel has proved a fierce competitor time and again."

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