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SiliconValley.com: Transmeta's sales plunging

Jun 21, 2001, 22:20 (15 Talkback[s])
(Other stories by Therese Poletti)

Only a week after Transmeta co-founder Dave Ditzel told Reuters that the firm's second-quarter revenue would be the same or slightly exceed revenue in the first quarter, Transmeta shocked industry analysts today by announcing that second-quarter revenues would be down 45 percent. The firm employs Linux luminary Linus Torvalds and powers Linux-based servers from RLX Technologies, as well as being responsible for Midori Linux, a distribution meant for Transmeta Crusoe-based devices. From SiliconValley.com:

"After the market closed, Transmeta said it now expects revenue for the quarter ending June 30 will be 40 percent to 45 percent below first-quarter revenue of $18.6 million. Analysts had been expecting revenue to be about the same or slightly higher than the prior quarter."

'They are getting hit more in this downturn than the PC is,' said Eric Ross, an analyst at Thomas Weisel Partners who follows Transmeta's bigger competitors, Intel and Advanced Micro Devices. 'No one in the PC industry has had a 45 percent drop in revenue.'

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