CNET News.com: Transmeta could wake up moribund IPO market

“After nearly a month of quiet, the market for initial public
offerings should pick up next week with the public launch of two
companies that are generating a lot of buzz: chipmaker Transmeta
and fiber-optics upstart Luminent.”

Investor interest in Santa Clara, Calif.-based Transmeta
has been so strong that the company substantially raised the price
of its shares Friday, to a range of $16 to $18, from $11 to $13.
Under the revised terms, Transmeta will raise up to $234 million
through the sale of 13 million shares.

“Transmeta makes chips for notebooks and portable Net appliances
that are compatible with the Linux and Windows operating systems.
However, the chips use less power than rival chips, allowing
computer batteries to last longer.”

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