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The Standard: Transmeta? You Betcha'!

Oct 28, 2000, 20:49 (15 Talkback[s])
(Other stories by Mark A. Mowrey)

"You'd be crazy to try to compete with Intel (INTC) , yes? No, said Linux-namesake Linus Torvald when he started Transmeta , a company to do just that. Now, he's set to take Transmeta public, just as the company's processors are gaining traction in the mobile-computing marketplace."

"Led by Morgan Stanley, Transmeta's 13-million share offering is set to price on Oct. 30. If priced at the middle of the range of $11 to $13 per share, the IPO would value the company at more than $1.5 billion and would raise $156 million for the chipmaker."

"Though not a single Internet-related IPO was even slated to price this week, next week may prove to be the best time in recent memory for Transmeta to go public. The Philadelphia Semiconductor Index has been off 38 percent since Sept. 1, but it is up 9 percent from a short-term low hit Wednesday."

Complete Story [ Ed. Note: No... we don't think Linus started Transmeta; Yes, it's "Torvalds" ]

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