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EE Times: Transmeta preps for IPO amid talk of IBM's defection

Nov 03, 2000, 22:53 (0 Talkback[s])
(Other stories by Alexander Wolfe)

"Transmeta Corp. will go to Comdex in Las Vegas later this month flush with an impressive series of design wins. The company is also poised to pile up a huge war chest of cash, because its initial public offering (IPO) of stock is expected to hit the market on Tuesday (Nov. 7)."

"Nevertheless, the company was buffeted this past week by reports stating that IBM Corp. was pulling the plug on plans to use Transmeta's Crusoe processors in its Thinkpad notebook computers...."

"Given the widespread media play of the IBM story, insiders believe that Transmeta will have to run the tough stock market gauntlet many technology startups have had to go through in recent months. For this reason, those same insiders believe the IPO will be subject to rigorous scrutiny by potential buyers."

"On the technical front, IBM does have some research technology up its sleeve that could mean potent competition for Transmeta's processors, which run the X86 instruction set. An IBM research team in Yorktown Heights, N.Y., has implemented a low-level very-long instruction word (VLIW) chip that has a relatively small number of execution units - in this case, eight."

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