"Give the folks at Transmeta (TMTA) credit. Their silicon
chips still may be unproven in the marketplace, but if Tuesday's
IPO is any indication, the company lacks nothing in the brass
"Taking off directly into the uncertain winds of Tuesday's
presidential election and the flak-filled skies of the recent
technology market, the Santa Clara-based chipmaker still managed to
jump 115 percent, to $45.25, on its first day of trading. In late
afternoon trading today, Transmeta was down 86 cents, to
"Add the fact that the company watched its two biggest partners,
IBM (IBM) and Compaq (CPQ), bail out on separate chip-licensing
deals within the past seven days, and you get a better idea of the
magnitude of Tuesday's opening performance."
"Less than 24 hours before Transmeta shares hit the market,
insiders at Compaq said it the company adopting a wait-and-see
attitude toward using Transmeta's low-power Crusoe processors in a
new line of devices. The company, which has invested in Transmeta,
has since tried to stifle those rumors."
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