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InfoWorld/Reuters: Paul Allen, George Soros-backed Transmeta files IPO

Aug 17, 2000, 22:34 (0 Talkback[s])

[ Thanks to Nobody for this link. ]

"Transmeta Corp., which claims its microprocessors give laptops Internet access performance similar to that of desktop computers, filed on Thursday to raise $200 million in an initial public offering."

"Some of Transmeta's biggest investors include Microsoft Corp. co-founder Paul Allen, whose Vulcan Ventures investment vehicle currently holds a 7 percent stake equal to 3,954,333 shares. International financier George Soros holds a 5 percent position, or 2,808,000 shares, through his Quantum Industrial Partners."

"Transmeta, based in Santa Clara, Calif., has applied for a Nasdaq listing under the symbol "TMTA" , and will have the IPO jointly managed by Morgan Stanley Dean Witter and Deutsche Banc Alex Brown."

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