The Standard: Transmeta? You Betcha’!

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.”

[ Ed. Note: No… we don’t think Linus started
Transmeta; Yes, it’s “Torvalds” ]

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