Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Heard that too. Sure he can say that, since it was in reference to the service revenue. Sony services are connected to PS3 according to public SEC fillings.
Question was why guidance was reduced last CC. Swift said, they had to lower it around the amount of Sony service contracts that were pushed further back due to delay in PS3 and the delayed decision making process there. Lowering was because they don't exactly know when they come in.
Comparing the new guidance against the old, that accounts for around $12mill-$14mill or in other numbers the reduction of the $40mill yearly Sony service down to $25mill.
right, and since one small statements says it all, we can spare us the volumes.
posting the entire article here, it's better for searching...
----------------------------
Transmeta developing new chip
COMPANY GETS A NEW LIFE
By Dean Takahashi
Mercury News
Transmeta was once a high-flying chip design company that had to retreat from a clash with Intel. But the Santa Clara company is once again designing low-power microprocessors, raising speculation about whether it already has a big customer for its new chip.
At an industry conference Wednesday, Transmeta described work it has done on a low-power microprocessor it described as ideal for a handheld computing device. The company's chief technology officer demonstrated an unannounced version of Transmeta's Efficeon microprocessor that balanced the need for high performance with the need to conserve power so that it could run in an Intel-compatible handheld device.
``We never said we would get out of the chip design business,' Ditzel said at the Spring Processor Forum. ``We will do anything that the customer wants.'
Particularly if the customer is a big one. Ditzel said in an interview he could not confirm speculation that Microsoft is the customer. But Transmeta said last year it was working on a new version of its Efficeon chip for Microsoft, and he added Tuesday, ``We are very optimistic about our project with Microsoft. It will be a good project for us.'
The new design represents a new strategic turn for Transmeta. After the company tried unsuccessfully for years to compete against Intel by designing chips for the laptop computer business, Transmeta ended its work on new general-purpose designs and moved into consulting.
But now it is evident that one consulting project involved creating a new microprocessor.
At a demonstration of the new chip Tuesday night, it ran ``Quake 2,' a PC game by id Software. At 700 megahertz, the chip consumed less than 1 watt, a level of power efficiency appropriate for a handheld device that needs to run on batteries for around four hours.
Even if Transmeta is creating a design for Microsoft, there is no guarantee that Transmeta would win that business, says Max Baron, an analyst at market researcher In-Stat, sponsor of the Spring Processor Forum where Transmeta revealed its plans. Baron expects that many companies would bid for the chance to design components for a Microsoft handheld.
``We could guess that they are working on a processor with Microsoft's help and funding, but the question I would ask is whether they have the right kind of design for it,' Baron said.
Transmeta announced last year that 30 of its engineers were working with Microsoft on an undisclosed project. The contract was signed by Rick Thompson, an executive at Microsoft who has been assigned to a special project. It does not involve Microsoft's Xbox team, a source said.
Ditzel said that Fujitsu will manufacture the new custom version of the Efficeon chip at a factory in Japan. Handheld systems require low-power chips because a handheld would melt down if it had a high-power chip.
Ditzel said, ``We aren't competing directly with Intel anymore. We're in the business of doing something unique and different.'
Contact Dean Takahashi at dtakahashi@mercurynews.com or (408) 920-5739.
I like this statement from the company:
Ditzel said, ``We aren't competing directly with Intel anymore. We're in the business of doing something unique and different.''
Two more "must reads" for investors from the webside about LR2:
http://www.transmeta.com/pdfs/brochures/tmta_longrun2_techbrief.pdf
http://www.transmeta.com/pdfs/presentations/060517_mpf_spring_2006_tmta_longrun2.pdf
I wouldn't mind.
Is it something connected to these events:?
-May 17 LR2 presentation at spring processor forum
-May 18 GARP Transmeta company presentation
-May 23-25 WinHEC Microsoft-Transmeta cooperation?
-June 1 Transmeta shareholder meeting
-June 8 Transmeta presenting at Japan processor forum
-August Q2 06 results
Or something unrelated or/and unexpected?
ah, interesting intuition. don't know if they are more than a research company organising some events. what they have on "risk management" at their webside looks pretty advanced. maybe you are onto something here.
hey, for the record here are some reason why the drop last week:
1. cut revenue forcast
2. cfo leaving
3. low institutional sponsership (willing to support investment)
4. uncertainety towards value of intellectual property (lr2 royalties)
5. downside momentum (drop and gap causes extra selling)
6. general market downturn
*2+6 are very temporary imo (6 even with fed raising rate higher, housing and commodity bubble will bust, stocks without debt will go up, imo fed funds will go to 10% in '07)
*4+5 will vanish soon as well (4 either wednesday, when new lr2 license comes or at the point of first royalty)
*1+3 are something management really has to put some serious effort on.
-get back the missing $15 million in service revenue from additional contracts either from Sony or somebody else asap and in '07 plz. cover the base with service revenue ALWAYS, while working on growth in product and license area, but cover the base ALWAYS. breakeven quarter over quarter is relief
-warm up some investors with big pockets to the business goal. at garp, buy those ppl some coffee, beer, whine or other goods of mild bribery. just be nice, open and get them to put up some dollars. don't lie, it aint pay in the long run. etc.
long run x is a great technique. of course nothing is eaten as hot as cooked, but downfalls and panic create opportunity.
i wonder if last weeks selloff wasn't a total wrong reaction.
now i go back watching canada-czeck ice hockes wm...
Not knowing them closer, but they act as an interface between investors and investments imo.
And if I remember right, they are doing research analysis on Transmeta since quite some time...
You know something about their board? Snazzy?
Just out:
Transmeta to Present at the 3rd Annual GARP Research Conference
Business Wire - May 12, 2006 09:00
SANTA CLARA, Calif., May 12, 2006 (BUSINESS WIRE) -- Transmeta Corporation (NASDAQ:TMTA), the leader in efficient computing technologies, today announced that Arthur L. Swift, president and CEO, will be presenting at the 3rd Annual GARP Research Conference at 2:15 p.m. Eastern time on Thursday, May 18, 2006, at the InterContinental Harbor Court Hotel in Baltimore, MD.
The presentation will be broadcast live over the Internet and can be accessed via the Company's web site, located at www.transmeta.com. Please allow extra time prior to the presentation to visit the site and download the streaming media software required to listen to the Internet broadcast.
"Concerned" maybe not, but "upset" perhaps? No matter if you are in profits or in a loss with your stock, a 30% gap down hurts. At least I am no fan off that.
But I do agree with you, we're likely to see LR2.1 or whatever you call it.
I wonder if we see a bit more stock support in the future?
$1.5 good buy price imho.
Just out:
Transmeta to Present at the 2006 Spring Processor Forum; Will Make First Public Disclosure of Latest LongRun2 Related Results
Business Wire - May 11, 2006 14:14
SAN JOSE, Calif., May 11, 2006 (BUSINESS WIRE) -- Transmeta Corporation (NASDAQ:TMTA), the leader in efficient computing technologies, today announced that Transmeta will be presenting at the Spring Processor Forum, being held in San Jose, California. David Ditzel, Transmeta's founder and chief technology officer, will be discussing "Power Reduction using LongRun2 in Efficeon Processors" at 9:50 a.m. Pacific time on Wednesday, May 17, 2006. This year's theme for Spring Processor Forum 2006 is power-efficient design.
"We have made tremendous progress in advancing our LongRun2 technologies, and to date we have conducted extensive testing on this silicon and we have been very pleased with the results in terms of lower standby power consumption, lower overall power, and the potential for manufacturing yield enhancement," said Arthur L. Swift, president and CEO. "At this years Spring Processor Forum we plan to make the first public disclosures of our recent LongRun2 related results."
Transmeta Corporation Announces CFO Transition Plan
Business Wire - May 09, 2006 16:06
SANTA CLARA, Calif., May 09, 2006 (BUSINESS WIRE) -- Transmeta Corporation (NASDAQ:TMTA), the leader in efficient computing technologies, today announced that Mark R. Kent, the Company's chief financial officer, plans to resign following the filing of the Company's Form 10-Q for the first quarter ended March 31, 2006. Transmeta has initiated a search for a new CFO and is defining its transition plan. Kent will be available to the Company on a consulting basis for a three month interim period while a CFO search is conducted.
"Mark has made significant contributions to our corporate transformation, including helping us to refine our strategy, enhance our liquidity position, build the finance team and infrastructure, and drive our efforts to become fully compliant with the requirements of the Sarbanes-Oxley Act," commented Arthur L. Swift, president and CEO. "I want to thank Mark, and I wish him success in his future endeavors."
"I have enjoyed working with Art, the Board and my colleagues at Transmeta," commented Mark R. Kent, chief financial officer. "When I came to Transmeta over a year and half ago, my goal was to help the executive team and the Board to get the Company onto a more sustainable strategic path, and I now feel that we have accomplished this goal."
Transmeta Reports First Quarter 2006 Results; Expects To Meet First Half Financial Guidance, Lowers Full Year Financial Guidance
Business Wire - May 09, 2006 16:05
SANTA CLARA, Calif., May 09, 2006 (BUSINESS WIRE) -- Transmeta Corporation (NASDAQ:TMTA), the leader in efficient computing technologies, today announced financial results for the fiscal 2006 first quarter ended March 31, 2006.
Highlights for the 2006 First Quarter
-- Increased revenue by 185% to $19.5 million compared to $6.9 million in the first quarter of 2005
-- Recognized $9.1 million of previously deferred revenue related to Microsoft services
-- Increased cash and short-term investments balance to $57.4 million at March 31, 2006
-- Held negative operating cash flow to $2.0 million, offset by proceeds from stock option exercises
-- Announced a LongRun2 license with Toshiba, the fourth major company to license Transmeta's advanced power management technologies
Business Update
"Our solid first quarter marked another period of excellent execution for Transmeta," commented Arthur L. Swift, president and CEO. "As anticipated, we completed key project deliverables for our Microsoft engineering services contract, we signed our fourth LongRun2 licensee, Toshiba, and we entered into the second year of our engineering services relationship with Sony. The modifications we made to our business model last year have resulted in a much stronger company with a blue chip customer base. We have increasing interest in our key technologies and a growing intellectual property portfolio. Our improved financial position now allows us to pursue new business initiatives and opportunities."
Revenue for the first quarter of 2006 was $19.5 million, compared to $6.9 million in the first quarter of 2005. The year-over-year increase reflects the recognition of the Microsoft services revenue of approximately $9.1 million. Gross margin for the first quarter was 43.4% compared to a gross margin of 28.3% for the first quarter of 2005. The Company had a net loss of $1.6 million, or a loss of $0.01 per share, for the first quarter of 2006 compared with a net loss of $21.1 million, or a loss of $0.11 per share, in the first quarter of 2005.
The Company's cash, cash equivalents and short term investments at March 31, 2006 totaled $57.4 million. In addition, the Company has a debt-free balance sheet.
Guidance
The Company is revising its guidance in light of both reductions in Sony's requirements for Transmeta engineering services as reflected in the current project agreements entered into with Sony in April 2006 and the Company's current expectations regarding further decisions by Sony and other potential customers about prospective new engineering service engagements in 2006.
The Company now anticipates:
-- Meeting first half financial guidance of at least $27 million of revenue and negative operating cash flow of no more than $10 million
-- Revising full year revenue guidance to a range of $48.0 to $58.0 million
-- Net loss of $26 million to $16 million, or a loss of $0.13 to $0.08 per share, which includes non-cash charges of $7 million of patent amortization and $6 million of stock option compensation expense
-- Full year negative operating cash flow of $28 million to $20 million
"Earlier this quarter, we entered into new project agreements with Sony for their new fiscal year, but at a lower revenue level than anticipated. As a result, our services revenue may be lower than we previously expected and we have reduced our full year revenue guidance to between $48.0 to $58.0 million," commented Mark R. Kent, chief financial officer. "Based on our current outlook, we are forecasting increased negative operating cash flow, which we expect to partially offset by working capital or partner supported financing. We also expect a somewhat higher net loss for the year, but we remain committed to building a business characterized by an expanding customer base, recurring revenue streams and sustained profitability."
NEW YORK (Dow Jones)--Oil prices were slightly higher Wednesday morning after rallying in kneejerk reaction to government data that showed across the board declines in U.S. petroleum inventories.
After growing for three straight weeks, U.S. crude stocks posted a modest decline of 800,0000 barrels last week as refinery utilization rose by 0.6 percentage point to 86.2% of operating capacity, the federal Energy Information Administration reported in its weekly status report. Analysts had expected a build in of roughly 2.3 million barrels in crude stocks.
The front month May crude contract on the New York Mercantile Exchange jumped as high as $71.79 a barrel in immediate reaction to the statistics before slipping back and trading as low as $71.00 a barrel, down 35 cents and then rebounding to trade at $71.38, up 3 cents.
Petroleum product stocks posted bigger declines. Gasoline stocks dropped 5.4 million barrels to 202.5 million barrels, as imports fell under 1 million barrels a day, the EIA said. Distillate stocks, which include heating oil and diesel fuel, dropped 2.8 million barrels to 114.6 million barrels.
Analysts had expected a decline of about 2 million barrels in gasoline stocks and a draw of about 1 million barrels in distillate stocks. "Everyone was looking for draws, maybe not as much, but they were looking for big draws," said Michael Cambria, vice president with brokerage Dimon Oil in New York. "The fact that the market failed to rally suggests it might be running out of steam. It just might be a bit overdone."
June Brent on London's ICE Futures was +20 cents at $72.71 after rallying to a new record high of $73.34 earlier in the session.
Petroleum products futures also shed their gains. May gasoline was down 89 points at $2.2150 a gallon. May heating oil was 83 points lower at $2.0420 a gallon.
Tom Bentz, an analyst at BNP Paribas in New York, said that data pointing to softening demand may have led some traders to bid down futures prices.
"You'd think that the market would be up stronger on the back of a 5.4 million barrel draw in (gasoline)," he said. But "demand was down on both products."
U.S. gasoline demand dropped 2.1% in the week ended April 14, to 9.1 million barrels a day. Distillate demand was off an even bigger 6.4% to 3.995 million barrels a day, the EIA said.
Besides the demand figures, there was nothing bearish about the EIA report, a broker said, adding that prices will likely stage a comeback later in the session.
"Most of the stats were bullish," he said. "We're seeing some profit taking but I see a chance to rally later."
Oil prices have staged a big rally this week, breaking above $70.85 for the first time ever against a backdrop of brewing tensions with Iran over its nuclear program and looming changes to U.S. fuel specifications.
-By Masood Farivar, Dow Jones Newswires; 201-938-2094; masood.farivar@dowjones.com
Crude has an ETF now too (USO) and board is here:
http://www.investorshub.com/boards/board.asp?board_id=5547
Long time no post:
Here is an observation.
Since around July 2005 until today light crude traded in a band between roughly $60 to $70.
In the same time EUR/USD also traded in a range between roughly 1.1800 to 1.2300.
The interesting thing is, that the moves inside those bands are extraordinarily well correlated. (More than historically shown) It's almost identical.
Does somebody have a good explanation for that?
It seems strange for me since Euro is not a commodity. It should fundamentally trade completely different imo.
Hey, how the goldbugs here doing? Seems like party time.
Just dropped in to let you know, Crude has an ETF now too (USO) and board is here:
http://www.investorshub.com/boards/board.asp?board_id=5547
Watching the charts of different commodities in the last years, there seems to be nice arbitrage plays between GLD, USO and others possible...
so long
USO up again. Seems like it's pushing up with no resistance at all.
Here is an observation.
Since around July 2005 until today light crude traded in a band between roughly $60 to $70.
In the same time EUR/USD also traded in a range between roughly 1.1800 to 1.2300.
The interesting thing is, that the moves inside those bands are extraordinarily well correlated. (More than historically shown) It's almost identical.
Does somebody have a good explanation for that?
It seems strange for me since Euro is not a commodity. It should fundamentally trade completely different imo.
SANTA CLARA, Calif., Apr 18, 2006 (BUSINESS WIRE) -- Transmeta Corporation (NASDAQ:TMTA), the leader in efficient computing technologies, will announce results for the first quarter ended March 31, 2006 after the NASDAQ market closes on Tuesday, May 9, 2006.
SANTA CLARA, Calif., Apr 18, 2006 (BUSINESS WIRE) -- Transmeta Corporation (NASDAQ:TMTA), the leader in efficient computing technologies, today announced that its Board of Directors has set its Annual Meeting of Stockholders for Thursday, June 1, 2006. Proposals of stockholders intended to be presented at this meeting or included in Transmeta's proxy statement and form of proxy relating to this meeting must be received in writing at Transmeta's principal executive offices no later than April 28, 2006. The meeting will be held at the Hilton Santa Clara Hotel located at 4949 Great America Parkway, Santa Clara, California starting at 8 a.m. Pacific Daylight Time.
Thx. USO deserves it's own board imo, although it will probably be mentioned more on high volume trading boards...
Curious how this will behave around contract experiation days...
Form 8-K for ARADIGM CORP
6-Apr-2006
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Tran
ITEM 3.01: NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OF LISTING
On March 31, 2006, Aradigm Corporation (the "Company") received a notice from The Nasdaq Stock Market ("Nasdaq") indicating that the company has not met the $50,000,000 minimum market value requirements by Marketplace Rules 4450(b)(1)(A) and 4450(b)(1)(B) for a period of 10 consecutive trading days. The notice states that the Company If, at anytime before April 28, 2006, the market value of Aradigm's common stock is $50,000,000 or more for a minimum of 10 consecutive trading days, that this could constitute meeting the criteria under the market rules. In addition, before April 28, 2006, Aradigm could meet these market rules by meeting the criteria for the alternative-listing requirement relating to stockholders' equity set forth in Marketplace Rule 4450(a)(3). If Aradigm has not met the market rule criteria related the Marketplace Rules by April 28, 2006, Nasdaq will issue a letter notifying Aradigm that its common stock will be delisted from the NASDAQ National Market. Upon receipt of such written notification, Aradigm may appeal the delisting determination to a NASDAQ Listing Qualifications Panel or move trading to the NASDAQ Small Cap Market.
American Stock Exchange and Victoria Bay Asset Management Launch First Crude Oil Based Fund
Monday April 10, 11:43 am ET
NEW YORK, April 10 /PRNewswire/ -- Victoria Bay Asset Management, LLC and the American Stock Exchange® (Amex®) announced today the launch of the United States Oil Fund, LP (USO) which will list on the Amex under the ticker "USO."
USO's total returns are expected to track the price movements of West Texas Intermediate (WTI) light, sweet crude oil delivered to Cushing, Oklahoma, whose price is the primary benchmark in the U.S. for crude oil. USO will invest its assets in futures contracts for WTI light, sweet crude oil and other petroleum-based fuels that are traded on regulated futures exchanges in the U.S. and elsewhere and other oil interests such as cash-settled options on oil futures contracts, forward contracts for oil, and over-the-counter transactions that are based on the price of oil.
"The fund intends to invest primarily in those futures contracts that are in the two months closest to expiration because we feel those contracts will permit the fund to best achieve its investment objective," said John Hyland, the fund's Director of Portfolio Research. The partnership does not seek to use leverage in the portfolio to achieve its investment goals.
"Amex is pleased to be working with Victoria Bay Asset Management to bring such a product to market," Cliff Weber, Senior Vice President of Amex's ETF Marketplace.
Units of the partnership will trade on the Amex. The partnership's NAV will be calculated and posted everyday. An intraday indicative value will be posted every 15 seconds during the Amex normal trading hours. USO is a commodity pool that is managed by California-based Victoria Bay Asset Management, LLC. The assets of USO, which are expected to consist primarily of crude oil futures contracts and U.S. Treasuries, will be held by the partnership's custodian, Brown Brothers Harriman & Co. (BBH). The Amex specialist for USO is Bear Hunter Structured Products, LLC.
Note: Investors should read the prospectus for USO for more complete information about this security, including risks, expenses, and other important terms. In addition, there can be no guarantee that USO will be able to achieve its investment goals. A copy of the prospectus may be obtained at http://www.unitedstatesoilfund.com or by contacting the fund at 800.920.0259.
http://biz.yahoo.com/prnews/060410/nym190.html?.v=39
Oil-ETF launch set for Monday, pending SEC approval
By John Spence
Last Updated: 3/29/2006 2:43:04 PM
BOSTON (MarketWatch) -- The American Stock Exchange plans to introduce the first U.S.-listed oil exchange-traded fund next week pending final regulatory approval from the Securities and Exchange Commission.
The ETF, called United States Oil Fund LP, is set to launch on Monday and trade under the symbol "USO." It will be managed by commodity-pool operator Victoria Bay Asset Management LLC, according to a bell-ringing ceremony invitation sent to journalists by the Amex.
The fund is designed to track crude-oil prices by investing in energy derivative instruments.
The ETF would represent the first time individual investors would have a convenient, liquid vehicle for taking positions in crude oil itself, rather than investing in the shares of energy companies or mutual funds.
Last July, Victoria Bay Asset Management first filed with regulators for an oil ETF but has since changed the name from New York Oil Fund LP. The initial share price for the renamed U.S. Oil Fund will represent the closing price of near-month oil futures contracts on the New York Mercantile Exchange, according to the latest filing.
The fund's investment objective is for shares to reflect the performance of the spot price of West Texas Intermediate (WTI) light, sweet crude oil delivered to Cushing, Oklahoma, minus expenses. It will invest in energy futures contracts, cash-settled options and other instruments to achieve the oil exposure, and will also hold short-term Treasuries.
The ETF is structured as a commodity pool rather than a mutual fund registered under the Investment Company Act of 1940.
Since ETFs trade on exchanges like stocks, the oil fund would allow investors to take a long position in the commodity, as well as hedge against losses by going short.
Not including brokerage or commission costs, the ETF will have a management fee of 0.5% of assets, according to the filing.
Macro Securities Depositor LLC also has an oil ETF currently in registration, and there are already oil ETFs trading on overseas exchanges in London and Mexico.
Keen interest in fund expected
Morgan Stanley analyst Paul Mazzilli said Tuesday the U.S. Oil Fund ETF appears designed similarly to the first broad-based commodities ETF to use derivatives launched last month, Deutsche Bank Commodity Index Tracking Fund (DBC).
Also structured as a commodity pool rather than a registered investment company, the Deutsche Bank offering uses futures and "rolls" them periodically to maintain exposure to the commodities. It holds U.S. Treasury bills as collateral, which also provide a yield which offsets expenses.
Mazzilli expects the fund will be successful as the first U.S.-listed oil ETF, but doubts it will experience the same fanfare as the first gold ETF, $6.1 billion StreetTracks Gold Trust (GLD), which launched in November 2004.
Other analysts agreed there could be keen interest in the oil ETF given crude's rise the past few years.
Although there are futures contracts based on oil, an ETF makes the commodity more accessible for average investors, said Dan Culloton, analyst at investment research firm Morningstar Inc.
Some investors use small amounts of commodities to diversify their stock and bond portfolios, but Culloton advised caution about leaping into oil since prices are notoriously difficult to forecast.
"There's a history of investors jumping into asset classes at their peak, so it's better to temper expectations and not to expect recent returns will continue forever," he said. "Will investors be as excited about the diversification benefits when oil is falling, and stick with it?"
Additionally, Culloton said he expects the oil fund will be less tax efficient than stock ETFs because of the tax treatment of capital gains on futures contracts.
Alex Reiss, vice president of closed-end funds and ETF research at Ryan Beck & Co., said he sees heavy demand for an oil ETF from investors who want to hedge their portfolios against geopolitical risks in the Middle East. Interest in oil has been high with some analysts predicting prices will continue to climb on supply and demand issues, he added.
However, Reiss noted "oil prices are very volatile and investors shouldn't overly concentrate their portfolios in one asset class or fund."
http://www.investors.com/breakingnews.asp?journalid=35688308
First ETF for Crude, opened for trading 2 days ago.
Matsushita(Panasonic), NEC and TI plan chip cooperation. Deal to be signed this month. Article mentions chips for cellular phones. That joint venture plans to also sell those chips to other mobile phone producers.
(Since NEC licensed LR2 from TMTA, this JV could be the door to get Matsushita and TI to license LR2 as well, similar to the recent Toshiba deal)
Matsushita, NEC und TI planen Chip-Kooperation
Wie japanische Medien, darunter die japanische Wirtschaftszeitung "Nihon Keizai Shimbun", berichteten, versprechen sich die drei großen Chip-Hersteller von ihrer Zusammenarbeit Kosteneinsparungen. Der verschärfte Wettbewerb sowie steigende Kosten für die Entwicklung von immer leistungsfähigeren Handys mit mehr und mehr Funktionen drücken auf die Erträge der Hersteller. Matsushita (in Deutschland eher unter der Tochter-Marke Panasonic bekannt) und NEC planten, die von dem neuen Joint Venture zu entwickelnden Komponenten auch an andere Hersteller von Handys zu vertreiben, hieß es. Die mögliche Einführung gemeinsamer Mobilfunkkomponenten könne zu einer Neugestaltung des Marktes führen.
Das geplante Gemeinschaftsunternehmen mit Texas Instruments solle Chips entwickeln, die Kommunikationsfunktionen steuern, sowie die Software dafür. Die drei Konzerne wollten hierzu mehrere hundert Mitarbeiter der Muttergesellschaften abstellen. Eine offizielle Vereinbarung sei noch in diesem Monat zu erwarten. dpa (gr/c't)
http://www.heise.de/newsticker/meldung/71827
Highest daily and weekly close since almost 2 years (June '04) for TMTA today. And nice steady accumulation going on. Loving it.
SEC filing
Item 1.01 Entry into a Material Definitive Agreement.
On April 3 and April 6, 2006, Transmeta Corporation, a Delaware corporation ("Transmeta"), entered into a series of new project agreements for Transmeta to continue providing design and engineering services to Sony Computer Entertainment Inc. and Sony Corporation (collectively, the "Sony Group") during the second year of the two-year design services agreement between Transmeta and the Sony Group first announced in March 2005. Transmeta's first set of project agreements with the Sony Group expired by their terms on March 31, 2006, corresponding to the Sony Group's fiscal year end. The new project agreements provide for Transmeta to perform a variety of design and engineering services for the Sony Group over project periods ranging from three months to one year, ending March 31, 2007. Under the new project agreements, Transmeta initially will provide the services of more than 100 engineers in the second quarter of 2006 to work on advanced projects for Sony Group. Transmeta and the Sony Group are currently discussing additional potential engineering projects for Transmeta to perform for the Sony Group under the design services agreement, but there can be no assurance that the parties will enter into any additional project agreements.
http://www.sec.gov/Archives/edgar/data/1001193/000095013406006847/f19404e8vk.htm
When Transmeta entered the original service agreement with Sony in March 2005, they agreed on 4 projects if I remember right. One of them was to create and service debugging and software emulation tools for the CELL processor and derivatives.
Since Sony expects to use the CELL and derivatives for at least 10 years, and if they are satisfied with Transmetas work (todays news is a hint for that), this one project could as well go on 10 years, absorbing maybe 15-40 engineers. And maybe this lays the groundwork for similar projects with different companies or even be the start of Transmeta growing a "software leg" bringing out their own tools for non-CELL logic and market them independently.
TMTA NEWS!!!
*DJ Transmeta Reports New Project Pacts With Sony Corp
04/07/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)
(MORE TO FOLLOW) Dow Jones Newswires
OT: Google Finance online:
http://finance.google.com/finance?q=tmta&btnG=Search&hl=en
Charts are great, one can see were the news hit a stock in the past. Management section is nice. Some Blogs are indexed for posts about companies, very nice.
Company facts and financials could be more complex..
So far for the speculation about Efficeon in Origami. Now, this stock can move on going to the $3-$4 range based on the successful business turnaround.
With the current specs of the first few Origami devices, I don't see anybody wanting to spend more than $500 on such a thing.
-------------------
DJ Microsoft's Proj Origami An Ultracompact PC Running XP
03/09/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)
HANOVER, Germany (AP)--After months of cryptic Web marketing and word-of-mouth hype over Microsoft Corp.'s (MSFT) Project Origami, the company finally showed off the product Thursday: an ultracompact computer running Windows XP with a touchscreen and wireless connectivity.
It's everything a full computer or laptop is, minus the keyboard. It has a 17.8-centimeter, touch-sensitive screen that responds to a stylus or the tap of a finger.
Two models from different manufacturers are expected to hit stores shelves by spring, and Microsoft says they'll be about 2.5 centimeters thick and weigh less than 1.1 kilograms - about the size of a large paperback book.
It will run on a full version of Windows XP, the same operating system used on larger tablet PCs, and newly developed software called Windows Touch Pack will handle touchscreen functions. Future editions will support Windows Vista, a version of Microsoft's flagship operating system that's due out in the second half of this year.
"It really opens up new possibilities for PC use," Bill Mitchell, corporate vice president of Microsoft's Mobile Platforms Division, said Wednesday.
The device was unveiled Thursday at CeBIT, the annual technology trade show in Hanover during a speech by Intel Corp. (INTC) executive Christian Morales. Intel makes the Celeron M and Pentium M microprocessors that run the device.
Morales said Intel hopes to develop more chips for the device that will run faster and cooler.
So far, three companies have built working models - Samsung Corp. (000830.SE), Asus and Chinese manufacturer Founder Holdings Ltd. (0418.HK).
The device won't be called Origami. Instead, the company is marketing it as a category it's calling the ultramobile PC, said Mika Krammer, a marketing director for Microsoft's Windows mobile unit.
Though Microsoft is not manufacturing the hardware, it took a guiding role from the start.
"We've done more than just provide the software. We've built the reference designs to sort of get the category started," he said. "We had the first prototypes about nine months ago and started working with partners early on."
The Samsung and Asus devices are expected to be in stores by April, and the Founder device in June, Krammer said.
"A lot of the early engagement we have had has been with nontraditional PC vendors, although there is a lot of interest from traditional PC vendors as well," Mitchell said. "It ideally brings the best of what a Windows PC is and marries it to what the best of a very capable consumer electronic device is."
That, said David Bradshaw, a principle analyst with London-based Ovum, is key.
"I really would hope that it would be something that works," he said, adding that he had not seen one of the models. "Something that is wirelessly connected. Hopefully it will have a wide range of wireless options so that you would be able to use Wi-Fi when available or a (wirelesss) carrier's network if you can afford to pay through the nose."
Krammer said device is expected to retail for $600-$1,000.
Michael Gartenberg, an analyst in Jupiter Research's New York office, said he thinks the device has potential.
"The whole Origami concept may very well change what devices people are going to carry with them," Gartenberg said. "It's not a pocketable device, but it's certainly small enough to be kept close at hand, and the fact that it runs Windows means that it can do a variety of tasks, from productivity to games to media consumption."
Web site: http://www.origamiproject.com
(END) Dow Jones Newswires
03-09-06 0600ET
Copyright (c) 2006 Dow Jones & Company, Inc.
It's actually the first time in years I like chips Intel is bringing out. Interested to see how they perform against AMD chips at the time they become mass produced in H2 06 and if they are still likeable by then.
Longer article, but good read, about OQO and it's new competitor, Dualcor, which brings out a device with twice the battery life (12 hours) and 2 CPUs: Xscale (ARM) and VIA C7 (X86) inside.
Still, the price point of $1500 is too high for that to take off imo.
--------------
=DJ SOMETHING VENTURED: Measuring The Need For A Pocket PC
03/08/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)
By Donna Fuscaldo
Of DOW JONES NEWSWIRES
Two years ago, San Francisco start-up OQO was winning high praises for its technology.
Winner of "Best of CES" by TechTV at the Consumer Electronics Show in January 2004, its portable computer was destined to be a smash hit among corporations looking for a hand-held device that had all the functions of a desktop computer. By May of that year, OQO already had raised close to $20 million in venture funding.
But OQO hasn't gained the mass appeal expected of it, instead catering largely to a niche market of technology enthusiasts and a handful of corporations. The company declined to say how many units it has shipped or what it has in sales.
Nevertheless, venture capitalists continue to pour money into the company, saying OQO and the hand-held computer market are on the cusp of something that could be potentially big.
"The technology is starting to reach the point it actually can produce a different class of device," says William Reinisch, vice president of strategy and new initiatives at Motorola Inc. (MOT). "That is very intriguing."
Motorola Ventures, the VC arm of Motorola, was one of the venture capital firms to participate in OQO's latest $19.4 million round of financing, which includes commitments for an additional $6 million. That financing took place in November.
The hand-held computer market has been slow to take off. Small devices such as personal digital assistants, digital music players, Blackberrys and cellphones are all the rage, but fully functional computers that fit in your pocket aren't. Industry watchers blame that squarely on one thing: price.
"How much they cost has been an issue all along," says Roger Kay, founder and president of Endpoint Technologies Associates, an information technology consulting firm. "These things are not cheap."
Indeed, OQO's 01+ portable computer, which has been available since October 2004, starts at about $1,899. A competitor, DualCor, out of Scotts Valley, Calif., will sell a hand-held computer dubbed DualCor cPC for about $1,500 later this month. For now, both products are geared toward the corporate market, which has more discretionary money to spend on new gadgets.
Mike Kwatinetz, general partner at Azure Capital Partners, an initial investor in OQO, says the value of the device outweighs the extra cost. "Up until recently, you didn't have any product that could fit in your pocket or hook on your belt," Kwatinetz says.
Kwatinetz, a former computer hardware analyst on Wall Street, who sits on the board of OQO, thinks hand-held computers would be attractive to doctors or nurses who want easy access to patient records or any other road warrior who needs to work on a computer remotely.
Indeed, workers on the go and the PC replacement market are areas of focus for the hand-held computer makers. OQO's new chief executive, Jay Shiveley, who was brought in last week to execute on OQO's sales and marketing strategy, also sees opportunities to design special applications for the government. He notes that Paladin Capital Group, which participated in the November round of funding for OQO, has "deep" experience in the government and green technology markets.
Shiveley says OQO hasn't had a lot of trouble raising funding. In fact, even last week, Shiveley said he had two discussions with potential investors about investing in OQO, even though the latest round of funding was oversubscribed.
Runs On XP
What sets hand-held computers apart from PDAs or a Blackberry is the operating system. The OQO runs on Microsoft's Windows XP, while DualCor's will run on both Windows XP Tablet PC Edition and Microsoft Windows Mobile 5.0. Both are mini replicas of what you would see on your much larger desktop or notebook computer. Advances in battery life and chip technology have enabled the products to have 5-inch color screens and last for up to six hours in OQO's case and up to 12 hours in DualCor's before having to recharge the battery.
While the hand-held computer market is still in its infancy, how long it will stay there is up for debate. Rumors have abounded that Microsoft Corp. (MSFT), in conjunction with Intel Corp. (INTC), is about to release small ultra-portable personal computers. Meanwhile, Hewlett-Packard Co. (HPQ) recently separated its hand-held device unit from its notebook division to better focus on the market.
Start-up DualCor, which took a different tract and raised money from angle investors, or individual investors, thinks its product will compete well with OQO. The DualCor cPC is not only a fully functioning computer, but it also has a built-in phone. The computer, cleverly called a "handtop" by the company, has a 40-gigabyte hard drive and has eight to 12 hours of battery life. Steven Hanley, chief executive of DualCor, says the company has seen good interest from potential customers for the computer, which is selling for $1,500 this month.
"There's been zero resistance to the product from corporate customers," says Hanley, who declined to name potential buyers of the computer.
For Motorola's Warren Holtsberg, equity investment manager at Motorola Ventures, investing in OQO is all about recognizing an opportunity for his parent company. Motorola Ventures typically invests in companies that are of a immediate strategic benefit to Motorola, Holtsberg says. Motorola Ventures is usually a middle-stage investor.
Motorola Ventures decided to invest in OQO now because the technology had advanced to a point where there was an actual product the Motorola VC arm could evaluate. What's more, a portable computer jibes with Motorola's vision of being able to access information anywhere, any way and any time.
"In the technology world, we like to have a little more to go on aside a PowerPoint slide and a vision," Holtsberg says.
-By Donna Fuscaldo; Dow Jones Newswires; 704-371-4263; donna.fuscaldo@dowjones.com
(END) Dow Jones Newswires
03-08-06 1100ET
Copyright (c) 2006 Dow Jones & Company, Inc.
www.oqo.com
www.dualcor.com
Uh, what a premarket walkdown to $1.52. Volatil pull and push attempts that tell we are in play somewhat imo.
Also read somewhere, that MSFT plans on releasing little bits of info on Origami over the course of the next weeks.
So this could provide the triggers for a sustained multi-week/multi-month bull run with all the usual spikes and dips, which imo is also warranted in case Efficeon is not inside Origami.
Welcome, nice to see new people coming to this board.
Yub, Europe catching up with yesterdays US rally. With current EUR/USD exchange rate, the yesterday closing price of $1.72 equals around EUR1.45.
Currently priced at EUR1.49 in Frankfurt means possibility for a gap up today above $1.75 on US open, but we will see as always what comes up or not...
Hmm, the greenish color looks like they intend to sell that device to hospitals and chemical plants. Black and Silver is probably for consumers and offices.
Although I am still skeptical, that this is the secret project we all are longing to find out about, I now do hope there is an Efficeon in Origami and that Microsoft puts some serious marketing behind this. Even a price of $500 would make sense, if MSFT plans to profit through subscription services (GPS, Games, etc.)
If there is TMTA inside, i might just get a dozen and gifts for a year a taken care of...
Hello everybody,
I summed up some fundamentals and technicals of TMTA in this post there. If you like it, maybe you drop a comment?
http://www.investorshub.com/boards/read_msg.asp?message_id=9886657
cheers
s.
Where is Transmeta standing?
I aim for a historical summary and the current state of TMTA stock in this post focused on financials. Hopefully I can kick off a thread, so be invited to add or criticize my analysis.
---
1. Fundamentals:
Last closing stock price is $1.57. Is this valuation fair?
Last week we got guidance for a loss of $0.06 to $0.09 for FY06. Included in this guidance are non cash charges (patent amortization and stock option expenses of up to $0.09), without them guidance is basically for breakeven. Also important to note is guidance just goes for visible and by now basically secured revenue. It doesn't include new projects or projects with unclear future.
Anyway, let's be conservative and take -$0.08 as guidance for the year. (It's easy to divide by 4 quarters). This makes -$0.02 per quarter loss on average. In real this number might fluctuate more.
A. Let's have a look at the trailing twelve months (ttm) earnings per share (eps). It's currently negative at -0.03, so far the best in TMTA history. It gets more interesting next quarter, if we take the expected -$0.02 eps and add to it the last 3 Qs:
$0.04 + $0.05 - $0.01 - $0.02 = $0.06 ttm eps in Q1 06.
Since this is a small cap fast growth stock by now, a P/E of 50 for ttm eps is surely ok to assume:
$0.06 * 50 = $3 stock price in Q1
B. For the forward P/E of the next twelve months I advocate around 100. This is quite common on high margin growth stocks. This number is useless at the first look, since we have guidance for a loss to breakeven for 2006. However, since the guidance only included almost secured revenue of finalized projects, AND included the cost of R&D of not yet finished projects were revenue is NOT in the guidance, I suggest subtracting the R&D costs, just to see the average earning power of current projects already yielding revenue. With that I arrive at an eps of at least +$0.03 for 2006, which would equal a stock price of $3 with a P/E of 100.
We have to wait a few more months to really see this clearly.
C. Market value, would be at around $600 Mill when the stock price is $3. That would be 10 times lowest projected revenue for 2006. Quite fair if you ask me. There is also more upside should revenue improve.
We should not forget in almost any project TMTA is doing atm there is upside potential for revenue in 2006.
---
2. Technicals
I prepared a weekly chart of the last 4 years. It clearly shows the trading range and the potential the stock has with all the momentum Transmeta has going for itself. I added comments of why the chart looks like the way it looks.
Can you feel the Bull? It's still a baby sucking in more and more adrenalin as the days go by.
Surely it always comes different but it would make sense to me if it works itself up to $4 in the coming weeks and months, testing the long term top of the range. Then maybe fall back to $3 around the time of the Q1 06 CC.
Here is the chart:
So IF Transmeta is running up to $4 it gets really interesting. Probably at first it will bounce, but what then? Will it be able to break out of this 4 year long trading range and get above $4 for a substantial rally into 2007? Or even into 2008?
We will see as always. So, if you trade this Bull and take profits along the way, here is my recommendation. Keep the profits at least not partially in cash, but in shares. This company has the potential to make it big.
jmo
We shall soon see then. In any case, this will be the most important feature:
3) Origami will cost no more than $500
In the past Transmeta management did two major mistakes when it came down to product development involving TMTA chips.
1. Final products were way overpriced for it's specs when it came to the mass market. Products were available in the $1000-$3000 (even higher) price range. Way to much for many to consider snapping one up.
2. They took the risk and first effort research to develop a new product area, just to stand aside (unwillingly) and watch competitors come in and scoop up the market when it reached mass momentum. (Tablet, Blades, etc.) In a way, they were a no-cost R&D experiment for the competition.
Now, it seems those two issues have been adressed by current managment, although in practice the results still need to prove that. And these issues have to be watched carefully over and over to make sure it won't repeat itself.
---
Do you (or anybody else on this board) have any inside (summary list or so), which chips produced by NEC and others will contain LR2 and which markets those will be in? We heard cellular phones, but what else? TVs?
---
PS. Your link to the sec.gov page for the Microsoft proprietary project doesn't work because of the ) in the end of it. Here is a working link:
http://www.sec.gov/Archives/edgar/data/1001193/000089161805000621/f11028exv10w22.htm
Same goes for other links. If they don't work, just watch out for a , or ) at the end and remove that. It should then work.