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

Nov 03, 2000, 21:07 (1 Talkback[s])
(Other stories by Cecily Barnes)

"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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