ZDNet reported that Transmeta stock has dropped significantly as
post-IPO restrictions on selling shares end:
Shares in chip-maker Transmeta plummeted 23 percent on
Monday after investors were freed from a restriction on selling
stock.By the end of trading on the Nasdaq exchange, the shares had
dropped $3.40 to $11.17. The slide was only the latest in a long
decline — matched by many other high-tech companies — that has
seen it fall from a high of $50 over the last few months. The
company debuted on the stock market on 7 November last year.