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.
One for monday:
It's an older one, Dec 18. 2001, but since nobody posted it and it has more about Midori and supported hardware. Nice 8 page read. I wonder why it is posted on amdzone?
http://www.amdzone.com/articleview.cfm?articleid=908&page=8
"Above is the built in MP3 player which did a good job of handling dozes of different MP3 files. The 500MHz Transmeta CPU is more than adequate for handling multimedia files. FIC has tested DVD video by way of an external DVD drive with good results."
"Attempts to get the unit to work on the University of Texas wireless network were unsuccessful. The wireless card connected, but UT requires logging on in an non-standard fashion which redirects any browser access to a login page. Network traffic was indicated by the monitor in the taskbar which seemed to indicate the login page was being sent, but was unable to load. UT technical support was unable to offer a solution. It is doubtful that Midori was tested when the login sequence was created. There will be an attempt to have this resolved as soon as possible. This may be an issue only with the Midori based unit, and testing with a Windows CE unit will begin soon. UT with 50,000 students and 20,000 faculty and staff is an excellent example of a useful niche for the webpad. The combination of so many people, not enough computers, and an extensive wireless network make it fertile ground for a device of this type."
"The AquaPAD is not currently available in the US for sale retail. Since we have been so impressed with the device and its potential we will be offering these devices for sale. They will be sold for $660 for the 128MB version with either Midori Linux or Windows CE. The 256MB version will be available for $700 with either OS. Initially extra batteries, the base/charger, Cisco Aironet 350 wireless card, and NDC wireless base station will also be offered. Additional accessories will be offered in the future. Full details can be found here* or here. This will be a preorder as the pads will have to be manufactured in Taiwan and shipped to the US. The AquaPADs will include a full year warranty, and we will offer technical support."
*
http://66.39.100.10/modules.php?op=modload&name=Sections&file=index&req=viewarticle&...
Registering with RLX as a sales agent also provides considerable networking opportunities and even sales leads. "RLX refers business to us, which is a great bonus," says Gary Newgaard, president of Intelligent Enterprise Solutions (www.iesinfo.com) in Maryland. "Our government clients are growing their server applications by leaps and bounds, and RLX products are perfect for their stringent price, density, and reliability requirements. Beyond that, RLX's superb post- sales and installation technical support leaves our customers so pleased they keep sending new business our way.":
http://www.rlxtechnologies.com/media/press/pr_salesagent.html
RLX Technologies Announces Expanded Sales Agent Program
Worldwide program extends sales force and opportunities
HOUSTON, TX, January 18, 2002- RLX Technologies™, the leader in blade server technology, announced today the expansion of its sales agent program to increase adoption of RLX™ products worldwide. Sales agents become an extension of the RLX sales force, receiving commissions, training, sales leads and full access to the company's marketing materials, technical knowledge and staff. Registering as a sales agent is fast and easy, with all forms available on the RLX website at www.rlxtechnologies.com. Service providers, system integrators, and resellers worldwide now have more reasons than ever to partner with the blade- server industry's leader and choose ultra-dense, scalable, energy-efficient and high- performance RLX products.
RLX ServerBlade™ technology uses ultra-thin computer motherboards in a midplane, sharing a power supply and case. Lower power consumption, reduced heat output, smaller footprint, and lower acquisition and maintenance costs make these high-density systems ideal for network services such as Web servers, firewalls, and thin-client computing. RLX ServerBlades remain the blade server platform of choice, fully supporting both Microsoft® Windows® 2000 and Red Hat® Linux®.
Impressive Support Key to Sales Success
"Sales agents are key components in the RLX success strategy," says Pat Collins, president and chief operating officer for RLX. "Their reputations and access to customers combine with our scalable technology and expertise to make an absolutely unbeatable team." Providing a broad base of solid technical support is an area where RLX really shines. "Our engineering team provides our sales agents with the same impressive support available in-house," adds Scott Farrand, vice president for systems engineering for RLX. "Our field service engineers and equipment designers really have seen it all. By collaborating with our sales agents we offer the best solutions in the shortest time frame."
Growing Partner List Highlights Tangible Benefits
Typical sales agents include system integrators, application creators, service providers and resellers for the corporate or government marketplace. A complete list of sales agents is available on the RLX Website at www.rlxtechnologies.com. The common bond between them is the consistent delivery of high-performance, cost-effective, scalable and reliable blade- computing systems. Three perspectives from RLX sales agents demonstrate the impressive benefits -- including commissions, sales leads, and extensive support -- delivered by joining the worldwide RLX sales agent team.
Fundamentech (www.fundamentech.com) in Hallbergmoos, Germany combines RLX ServerBlades with its Metricache Web-accelerator software to deliver high-performance, scalable infrastructure for Germany's Web-hosting-services industry. "Teaming up with RLX creates very exciting opportunities," explains Lutz Jaitner, president and founder of Fundamentech. "Our Web-services customers need the highest possible server density per rack. RLX is the only vendor delivering the performance we need in such a small form factor, and the top-notch technical support simplifies our integration efforts." RLX acts more like a partner than a vendor, helping clients to land sales and then supporting them throughout the solution's life cycle.
"Being an RLX agent allows us to pursue accounts we simply could not obtain using mass- market hardware," says Frédéric Muller, CEO for Oxianet (www.oxianet.com) in Strasbourg, France. "Our customers have strict demands for performance, acquisition costs, maintenance expenses and reliability. Using RLX products lets Oxianet create solutions satisfying everyone, from technical teams through marketing and accounting."
Registering with RLX as a sales agent also provides considerable networking opportunities and even sales leads. "RLX refers business to us, which is a great bonus," says Gary Newgaard, president of Intelligent Enterprise Solutions (www.iesinfo.com) in Maryland. "Our government clients are growing their server applications by leaps and bounds, and RLX products are perfect for their stringent price, density, and reliability requirements. Beyond that, RLX's superb post- sales and installation technical support leaves our customers so pleased they keep sending new business our way."
The RLX sales agent program is the best way for service providers, system integrators, and resellers to focus on the important things in today's business world. Satisfying customers, selling solutions, and staying profitable.
Sign Up Today!
Becoming a RLX sales agent is a simple, straightforward process. All necessary forms are available on the RLX Website at www.rlxtechnologies.com. Or request an application via email at sales@rlxtechnologies.com, or by telephone at 866.759.9866 (toll-free) and 281.863.2220 (outside the U.S.). Just complete the registration form, credit application, and, if in the U.S., a federal W-9 taxpayer identification form. Qualified applicants will receive a welcome kit and can begin obtaining commissions and support from RLX. Apply now!
About RLX Technologies, Inc.
Headquartered in The Woodlands, TX, privately held RLX Technologies is the leading supplier of ultra-dense, blade-based server products. The company's products have set the standard for the computing-server marketplace since their introduction. The unique patent-pending design, engineering, and packaging of RLX ServerBlades continues to break new ground in addressing the financial, performance, and machine-room challenges faced by Web-hosting companies and server-dependant businesses. RLX Technologies offers its customers the best of all worlds: small footprint, reduced power-consumption, lower waste-heat, increased reliability, rapid deployment and impressive cost-effectiveness. More information about the company and its products is available at www.rlxtechnologies.com.
For information contact:
Bob Beach, RLX Technologies
bob.beach@rlxtechnologies.com
425.488.1208
Patrick Kimball, RLX Technologies
patrick.kimball@rlxtechnologies.com
281.863.2212
http://www.fundamentech.com/
http://www.oxianet.com/
http://www.iesinfo.com/
Bob, if you consider getting into this stock, be cautious. For most of the people here (including me) the stock went down after bought. (However, right now I am extremly green. ) This is something for a mid-long term outlook. I expect TMTA in 2002 to behave like FLWS in 2001:
http://www.investorshub.com/boards/read_msg.asp?message_id=238685
But that's just my opinion.
Oh, and 10 messages a day would be great. Or, what about 35 messages a week or 15 messages every 3 days (probably the best trade-off for posters and you guys)? I hope I am not the only none-paying guest on this great site here.
Matt, not only Linus, also other "famous" people, e.g. the CTO:
http://www.edge.org/3rd_culture/bios/ditzel.html
DAVID DITZEL is chief executive officer of Transmeta Corporation. He founded Transmeta in 1995 to develop his vision for a new kind of computer - one that would learn how to improve its performance and save power as it ran, the first to use advanced software as part of the processor itself. Ditzel has worked in advanced computer design for over 25 years, first as a computer architect and later in management and leadership roles for over 20 advanced processor design efforts. His work first attracted industry wide attention in 1980, when he coauthored "The Case for the Reduced Instruction Set Computer." RISC techniques were subsequently adopted by all major processor vendors.
Before founding Transmeta, Ditzel was director of SPARC Labs and chief technical officer at Sun Microsystems Microelectronics division, where he built the teams for several advanced SPARC processors, extended SPARC to 64-bit addressing, and led a research team in low-power computing. In 1991, he hired most of the former Soviet Union's supercomputer design team and led these 200 engineers in one of the first joint United States-Russia high-technology projects.
Ditzel came to Sun from AT&T Bell Laboratories in 1987, where he was the chief architect of the CRISP Microprocessor, AT&T's first RISC chip. Before coming to Bell Laboratories, Ditzel spent 4 years working on the SYMBOL computer. SYMBOL implemented an operating system, compiler and text editor completely in hardware.
Ditzel, who has published over 30 technical papers in the field of advanced computer design, holds a masters degree in electrical engineering and computer science from the University of California at Berkeley and a bachelors degree in electrical engineering and a bachelors degree in computer science from Iowa State University. He is a sought-after speaker on computer design and has founded two new conferences, Hot Chips and Architectural Support for Programming Languages and Operating Systems.
Great, that's what I call buying pressure. Bid came down a bit before long weekend. Strong volume. I love it. Closing price made it to # 4th most advanced on Naz. The PoisonPill SEC filling is out.
Janee, DNA Computers? Do they have a translation cache?
Bob, 5 posts will be ok, for most of the time, on some days, however, it will put a limit on me. Might be good for my discipline. When this baby here takes of during this year or next, no reason not to get 50 bugs over to you. For the time being I pay you with my input to this board. Which could earn you more than $50 if used wisely (I mean the board).
Yipiiiiieh, here comes the first upgrade from marketperform to buy
http://www.datekdj.newsalert.com/bin/djstory?StoryId=CpeER0aebqLqWmdiZmty
*DJ Pacific Growth Ups Transmeta To Buy From Mkt Perform
01/18/2002
Dow Jones News Services
(Copyright © 2002 Dow Jones & Company, Inc.)
(END) DOW JONES NEWS 01-18-02
09:17 AM
Matt, also nice read if you have the time, a bit older but one of the best summaries...
http://arstechnica.com/cpu/1q00/crusoe/crusoe-1.html
http://arstechnica.com/wankerdesk/01q4/transmeta/transmeta.html
Also Chapman is gone, we got some managment promotion, seems like the spearhead is forming.
Matt, it could help if you tell us what you know about TMTA. Makes it easier to circle the point. I am a bit drunk already, so no guaranty for the following.
Anyway, to give you an overview. TMTA is recognized, because of their powersaving chips. This company actually is a result of a work Ditzel wrote 20 or so years ago (more to this maybe from Janee). I personally think the advantage of TMTA is not the powersaving, but the codemorphing. The Crusoes are VLIW (very long intruction word) processors, which differ from x86 proc. but they emulate the x86 "on the fly" (TMTA could also do this with risc, ppc, etc if they wanted). Now, you might know that the Athlon outperforms the P4 on the same GHz numbers, because some things (pipelines, etc) are very well organized inside. The Crusoe can do this "organisation" in real time, for different apps. in different ways -> software based microprossors, the software is uploaded to RAM on boot and takes about 16 MByte, translates the x86 instructions to the VLIW instructions.
That can be an advantage.
Well, I think they wanted to get their IPO out during the bubble so Crusoe was the best way to convince the market. (Maybe it was to early considering products, but not to early getting money in )I am sure we will see great things in the upcoming years of TMTA. They will probably go for workstations and servers as well. (64bit no problem). The Astro ship should point in this direction.
The next chip Crusoe TM6000 is highly integrated (grafics, northbridge, etc on chip) so it is faster and saves more power.
I you want to get into something different than AMD/Intc, TMTA is definitly exciting, check out the Los Alamos Link in the IBOX. Maybe you go for blades?
For the shareholders: I expect this stock to drop a bit or stay low for some day, because "we have negative earnings, we only ship in early febuary, etc" (see AMD) but I am pretty sure we go higher very soon. Some people will accumulate this. It is worth the risk. Analysts seemed very positive. Upgrade in Feb?
Maybe I am wrong on this, but 1/8th of their employees have PhDs.
Nice dip buying. Go TMTA
I run out of beer, have to open Champagne instead...
You know Birdie, there is a place:
Phillip Bergman <pbergman@transmeta.com>
My broadband internet connection is down those days, so I enjoy a dial up. Might be interrupted all the time. So, whoever likes, please post a CC summary/transcript. Thanx.
Bloody Steak
Only a decent amount, I still wanna hear Murray, the Great, speak.
I need a drink now.
I get the better than expected book value, because the new amount of share outstanding is reduced to 129mill.
I would love to rally this stock now, put you know, I got carefully too. So let's relax and listen to the CC which starts in 16 minutes.
Go TMTA, you earned a rally.
I think I play the next days a bit with a few hundred bugs, just for the fun of it.
Very happy.
Holly ****! The last 2 days were ******* hard to keep all the shares. ****, I just have to put those ***** in. And I am so glad I didn't sell any one share. Whatever the market or market markers will do in the next days to this share (e.g. bring it lower a bit), we should finish the January higher than we are now. I am 100% convinced of that.
"Transmeta is meeting the milestones of the recovery plan that resolve the issues that caused changes to our Crusoe TM5800 shipping schedule," said Murray Goldman, chairman and CEO, Transmeta Corporation. "Based on the data we have received to date, the plan continues to contemplate volume shipments to our customers beginning in early February."
That is what I wanted to hear, also not 1 mill but 1.5 mill (ok, I am not proud of that )
We are not sinking!!!!!
I also calculate a new book value of $2.11, down from $2.15, which is ok.
Next quarter revenue between $3.5-$4mill means the bottom is behind. Considering they are ramping up in February, those are good numbers. Burn rate is $26mill which is usual for TMTA.
Gross margin for Q1 between 30-35%, which is better then I expected, this should increase in Q2, Q3 etc.
Q1 is usually the worst quarter for the semis.
(AMDs gross margins right now are what? 20%? )
Actually after this horrible waiting day I feel better then hoped for our future. Well, I feel really great.
Just my 2 cents.
"Transmeta is meeting the milestones of the recovery plan that resolve the issues that caused changes to our Crusoe TM5800 shipping schedule," said Murray Goldman, chairman and CEO, Transmeta Corporation. "Based on the data we have received to date, the plan continues to contemplate volume shipments to our customers beginning in early February."
That is what I wanted to hear, also not 1 mill but 1.5 mill (ok, I am not proud of that )
We are not sinking!!!!!
I also calculate a new book value of $2.11, down from $2.15, which is ok.
Next quarter revenue between $3.5-$4mill means the bottom is behind. Considering they are ramping up in February, those are good numbers. Burn rate is $26 which is usual for TMTA.
Gross margin for Q1 between 30-35%, which is better then I expected, this should increase in Q2, Q3 etc.
Q1 is usually the worst quarter for the semis.
(AMDs gross margins right now are what? 20%? )
Actually after this horrible waiting day I feel better then hoped for our future. Well, I feel really great.
Just my 2 cents.
Transmeta Corporation Reports Results For Fourth Quarter and Fiscal 2001
THURSDAY, JANUARY 17, 2002 4:05 PM
- BusinessWire
SANTA CLARA, Calif., Jan 17, 2002 (BUSINESS WIRE) -- Transmeta Corporation (TMTA) today reported net revenue of $1.5 million for its fourth quarter of fiscal 2001 ended December 28, 2001.
Net revenue for the fourth quarter of fiscal 2001 was $1.5 million, compared with $12.4 million for the same period last year. Pro forma net loss, which excludes the effects of non-cash charges of $26.7 million, was $23.0 million, or $0.18 per share, for the fourth quarter of fiscal 2001. This compares to pro forma net loss of $17.3 million, or $0.20 per share, for the same period of fiscal 2000, which excludes $8.9 million in non-cash charges.
During the fourth quarter of fiscal 2001, as a result of applying its policy for measuring the impairment of long-lived assets, Transmeta recorded a charge of $16.6 million related to its license agreements with IBM and Toshiba. Including this charge, actual net loss for the fourth quarter of fiscal 2001 was $49.7 million, or $0.38 per share, compared with actual net loss of $26.2 million, or $0.30 per share, for the same period last year.
Net revenue for the fiscal year 2001 was $35.6 million, compared with $16.2 million for the fiscal year 2000. Pro forma net loss, which excludes the effects of non-cash charges of $55.1 million, in-process research and development charges of $13.6 million and net excess inventory charges of $25.6 million, was $77.0 million, or $0.60 per share, for the fiscal year 2001. This compares with pro forma net loss of $74.2 million, or $1.66 per share, for the fiscal year 2000, which excludes $23.5 million of non-cash charges.
Actual net loss for the fiscal year 2001 was $171.3 million, or $1.33 per share, compared with actual net loss of $97.7 million, or $2.18 per share, for the fiscal year 2000.
"Transmeta is meeting the milestones of the recovery plan that resolve the issues that caused changes to our Crusoe TM5800 shipping schedule," said Murray Goldman, chairman and CEO, Transmeta Corporation. "Based on the data we have received to date, the plan continues to contemplate volume shipments to our customers beginning in early February."
Quarterly Highlights
In October, Transmeta announced on its roadmap a highly integrated system-on-a-chip, the Crusoe TM6000 series, designed for emerging computing platforms that place a premium on PC compatibility, low power, space efficiency and cost savings. The Crusoe TM6000 will use about one-third the board space and less power than current Crusoe microprocessor solutions, important factors with the proliferation of smaller, thinner and lighter computer products and those with requirements for high computing density and energy efficiency. The Crusoe TM6000 microprocessor integrates on a single chip the functions of a typical three- or four-chip x86 microprocessor solution requiring a separate chipset and graphics. With its high level of integration, the Crusoe TM6000 is anticipated to be more power efficient than the Crusoe TM5800, as LongRun power management extends to the integrated features of the chip, including Northbridge, Southbridge and graphics.
In addition, several of our customers announced new Crusoe-based products during the fourth quarter as follows:
In October, Sony announced a new VAIO C1MV PictureBook notebook PC that incorporates high quality video- capturing capabilities and the newest energy-saving Crusoe TM5800 microprocessor. The unit is one-inch thin and weighs 2.2 lbs. The C1MV PC incorporates a 20GB hard drive and is powered by the Crusoe TM5800 microprocessor, allowing the system to run more efficiently while still maintaining a high level of performance.
In November, the new Fujitsu LifeBook P Series was named "Best Notebook" and overall "Best of Show" winner at COMDEX Fall 2001. By using Transmeta's new 0.13 micron TM5800 Crusoe processor, Fujitsu was able to build the world's smallest full-featured, two-drive notebook, weighing as little as 3.4 lbs. The notebook can house either a modular DVD/CD-RW combo drive or a second battery for up to 14.5 hours of battery life.
In November, Toshiba announced a limited release Libretto Adidas edition notebook commemorating the 2002 FIFA World Cup. The Toshiba Libretto Adidas Edition (L3/060 TN2L) features the Crusoe TM5600 microprocessor, 128MB memory, a 20GB hard drive, a 10" 1280x600 pixel screen and runs with Windows 2000 Professional. This commemorative model features a unique Toshiba/Adidas nameplate and began selling in December.
In November, Casio Computer Co., Ltd. announced a new Cassiopeia Fiva model, the MPC-216XL, a 2.2 lb notebook powered by the Crusoe TM5600 microprocessor. The new Cassiopeia Fiva allows users to switch between two operating systems -- Windows or Linux.
In December, RLX Technologies announced new second-generation RLX ServerBlades that extend its advantage to 5X the number of Web pages served per square foot vs. traditional 1U servers. The new RLX ServerBlade 667 offers up to 36% greater performance than the first-generation RLX ServerBlade 633 and supports up to 1.125GB of memory.
In December, Twinhead International Corporation (TIC) of Taiwan introduced the first Crusoe based notebook in China, the Efio 1200, which is powered by the Crusoe TM5600 microprocessor. The Efio 1200 weighs 3.2 lbs and is less than an inch thick. The notebook incorporates a 20GB hard drive, 128MB of memory and a 10.4" screen and has an expected battery life of up to five hours with a standard battery and 10 hours with an extended battery. The next generation will incorporate the Crusoe TM5800 microprocessor and is expected to be available in China and Taiwan in 2002.
Current Financial Outlook for First Quarter 2002
The following outlook statements are based upon current expectations. These statements are forward looking, and our actual results could differ materially.
1. Transmeta expects revenue for the first quarter of fiscal 2002 to
be between $3.5 million and $4.0 million.
2. Transmeta expects gross margin percentage for the first quarter of
fiscal 2002 to be between 30% and 35%. Our gross margin will be
impacted by ongoing manufacturing costs in bringing the TM5800
into volume production.
3. Transmeta expects total dollar spending in operating expenses for
the first quarter of fiscal 2002 to be $26 million.
About Transmeta Corporation
Transmeta is a publicly traded company located in Santa Clara, California. Transmeta develops and sells software- based microprocessors and develops additional hardware and software technologies that enable computer manufacturers to build computers that simultaneously offer long battery life, high performance and x86 compatibility. Transmeta's family of Crusoe microprocessors is targeted at the notebook and Internet appliance segments of the Mobile Internet Computer market, as well as ultra-dense servers.
To learn more about Transmeta, or the Crusoe Smart Processor, visit our website at www.transmeta.com.
Transmeta and Crusoe are trademarks and/or registered trademarks of Transmeta Corporation in the United States and/or other countries. All other trademarks are the properties of their respective owners.
Cautionary Statement
This release contains forward-looking statements regarding future events or the future financial performance of the company, which statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements are only predictions, which may differ materially from actual results or future events. All such forward-looking statements are based upon our current expectations but involve inherent risks and uncertainties. Such forward-looking statements speak only as of the date of this release, and the company will not necessarily provide updates of its forward-looking projections or forecasts.
Risks and uncertainties that may have material effects on our future performance include general economic conditions, including the recent significant slowdown in the technology sector and semiconductor industry, the timing, rescheduling or cancellation of significant customer orders, potential fluctuations in our quarterly results, dependence on increasing demand for our Crusoe products, difficulties in developing or manufacturing new products in a timely and cost effective manner, market acceptance of our new products and of our customers' systems using our products, the growth of emerging markets that we are addressing, our customer concentration, the loss of revenue if a major customer were to cancel, reduce or delay a product order, inventory write-offs from a failure to forecast product demand accurately, our dependence on third parties for sourcing materials and providing manufacturing services, delays in product deliveries as we transition to smaller geometry process technologies, intense competition from Intel and others, rapid technological change, patents and intellectual property rights, volatility of our stock price, and the cyclical nature of the semiconductor market. We urge investors to review our regular filings with the Securities and Exchange Commission, including specifically our most recently filed Form 10Q, which identifies and describes many of these and other important risk factors that could cause our actual results to differ from those contained in these forward- looking statements.
TRANSMETA CORPORATION
PROFORMA CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
The following pro forma supplemental information excludes the
inventory related charges, in-process research and development, the
amortization of deferred charges and intangible assets and non-cash
stock compensation awards.
Three Months Ended Fiscal Year Ended
--------------------- ---------------------
Dec. 28, Dec. 29, Dec. 28, Dec. 29,
2001 2000 2001 2000
--------- --------- --------- ---------
(unaudited)
Net revenue $ 1,461 $ 12,363 $ 35,590 $ 16,180
Cost of sales 1,450 7,156 23,139 9,461
--------- --------- --------- ---------
Gross margin 11 5,207 12,451 6,719
Operating expenses
Research and
development 16,251 17,766 67,639 61,415
Selling, general
and administrative 8,835 8,561 35,460 27,045
--------- --------- --------- ---------
Total operating
expenses 25,086 26,327 103,099 88,460
--------- --------- --------- ---------
Operating loss (25,075) (21,120) (90,648) (81,741)
Interest and other,
net 2,106 3,814 13,648 7,508
--------- --------- --------- ---------
Loss before provision
for income taxes (22,969) (17,306) (77,000) (74,233)
Provision for
income taxes -- -- 22 --
--------- --------- --------- ---------
Net loss $ (22,969) $ (17,306) $ (77,022) $ (74,233)
========= ========= ========= =========
Net loss per share--
basic and diluted $ (0.18) $ (0.20) $ (0.60) $ (1.66)
Weighted average shares
outstanding--
basic and diluted 130,874 86,742 129,002 44,741
The pro forma amounts have been adjusted to eliminate the following:
Excess inventory
charge, net $ -- $ -- $ 25,555 $ --
In-process research
and development -- -- 13,600 --
Amortization of
deferred charges and
intangible assets 21,608 2,986 34,120 10,416
Amortization of
stock compensation $ 5,131 $ 5,949 $ 20,954 $ 13,056
TRANSMETA CORPORATION
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
Three Months Ended Fiscal Year Ended
--------------------- ---------------------
Dec. 28, Dec. 29, Dec. 28, Dec. 29,
2001 2000 2001 2000
--------- --------- --------- ---------
(unaudited)
Net revenue $ 1,461 $ 12,363 $ 35,590 $ 16,180
Cost of sales 1,450 7,156 48,694 9,461
--------- --------- --------- ---------
Gross margin 11 5,207 (13,104) 6,719
Operating expenses
Research and
development 16,251 17,766 67,639 61,415
In-process research
and development -- -- 13,600 --
Selling, general
and administrative 8,835 8,561 35,460 27,045
Amortization of
deferred charges
and intangible assets 21,608 2,986 34,120 10,416
Amortization of
stock compensation 5,131 5,949 20,954 13,056
--------- --------- --------- ---------
Total operating
expenses 51,825 35,262 171,773 111,932
--------- --------- --------- ---------
Operating loss (51,814) (30,055) (184,877) (105,213)
Interest and other,
net 2,106 3,814 13,648 7,508
--------- --------- --------- ---------
Loss before provision
for income taxes (49,708) (26,241) (171,229) (97,705)
Provision for
income taxes -- -- 22 --
--------- --------- --------- ---------
Net loss $ (49,708) $ (26,241) $(171,251) $ (97,705)
========= ========= ========= =========
Net loss per share--
basic and diluted $ (0.38) $ (0.30) $ (1.33) $ (2.18)
Weighted average
shares outstanding--
basic and diluted 130,874 86,742 129,002 44,741
Net loss per share and number of shares used in the per share
calculation for all periods presented reflect the two-for-one stock
split that was effective October 26, 2000.
TRANSMETA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
Dec. 28, Dec. 29,
2001 2000(1)
-------- --------
Assets
Current assets
Cash and short-term investments $241,688 $343,102
Accounts receivable, net 1,749 3,298
Inventories 1,388 15,453
Prepaid and other current assets 7,091 7,821
-------- --------
Total current assets 251,916 369,674
Property and equipment, net 11,622 10,482
Deferred charges under license
agreements -- 26,097
Other assets 45,486 6,283
-------- --------
Total assets $309,024 $412,536
======== ========
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable and other
current liabilities $ 17,102 $ 17,378
Current portion of long-term
obligations 17,661 9,292
-------- --------
Total current liabilities 34,763 26,670
Long-term payables 29,295 20,950
Stockholders' equity 244,966 364,916
-------- --------
Total liabilities and
stockholders' equity $309,024 $412,536
======== ========
(1) Derived from audited financial statements included in the
Company's Form 10-K for the fiscal year 2000 filed with the
Securities and Exchange Commission.
CONTACT: Transmeta Corporation, Santa Clara
Merle A. McClendon, 408/919-3000
Chief Financial Officer
Phillip Bergman, 408/919-6818
bergman@transmeta.com
What you think, Birdie? Delay, no delay, low volume production? How much is their output in total number anyway, will be?
Thinking about playing the waves with a few bugs for some days.
Yes, but I don't think, the stock price today means anything. Only Murrays words do...
Now, today is thrilling. Later we know more.
Hmmmh, or maybe not, since it becomes obvious that Intel has to struggle probably a lot more in 2002 and 2003, so this could take the market down. We'll see. Good night.
New amd cc is worth listening to...
Might help to upbeat the market thursday.
I am pretty sure, they don't accept a friendly one. They want to stay as they are right now...
Hmmh, I thought any stock outstanding gets the right to exercise the discount buy at the time of the takeover and only then. (whenever bought)
And given that a takeover is still possible, but only more difficult (buying share through many different sources, with each never reaching 15%), each TMTA share has a "money making" right (buy discount sell market) attached.
I further expected yesterday, that this would be valued by the market as very positive. But it seems, I was completly wrong with my theory.
Well, I think you try to increase the amount of shares outstanding infinitely in case of a takeover. So nobody could buy all the shares. (Since the discount shares are sold immediatly and bought with a new right to buy add. discount shares attached)
Seems the market reacted slightly negative to those news. (or was it due to the rather negative CC of Intc yesterday?) Guess, people who speculated for a takeover are selling their shares. So interestingly, some people expected a buyout.
Or am I wrong?
Since I believe the TMTA story, I am quite happy about the pp. Didn't like this company to be bought out. Think in the long run it's better if they try it their own way.
Great notes. Thanks.
Yeah, great.
Great if somebody could post a CC summary, especially about the outlook and the Q&A period. Thanks.
And is a takeover still possible? If an attempt is started, what does one have to do? Everything goes automatically or do we have to "push some buttons"? Really curious.
Many thoughts on this one welcome. I would appreciate some guidance on this, since this is a new topic for me. For each share I hold beginning Jan. 18, I get the right to buy another one at a 50% discount and sell it immediatly at 100% market price in case of a hostile takeover? (At whatever the market price is at that time) This right can be redeemed for a $0.00001 per share? Would they issue new stock for this or do they use cash to pay the difference? (Well, theoretically. Practically it shouldn't happen)
Well, seems like great news, should push the share price up tomorrow, if I understood correctly. At least it shows that the managment if very confident and beliefs the stock price is undervalued, in my opinion.
Go TMTA
I thought the poison pill plan was already adopted!? Nobody is perfect.
Well, it's still a very young company.
Transmeta Corporation Adopts Stockholder Rights Plan
TUESDAY, JANUARY 15, 2002 4:04 PM
- BusinessWire
SANTA CLARA, Calif., Jan 15, 2002 (BUSINESS WIRE) -- Transmeta Corporation (TMTA) today announced that its Board of Directors has adopted a stockholder rights plan designed to protect the long-term value of the company for its stockholders during any future unsolicited acquisition attempt. Adoption of the plan was not made in response to any specific attempt to acquire Transmeta or its shares and Transmeta is not aware of any current efforts to do so.
Under the plan, Transmeta's Board of Directors declared a dividend of one stock purchase right for each share of Transmeta's common stock outstanding on January 18, 2002. The rights will become exercisable only upon the occurrence of certain events specified in the plan, including the acquisition of 15% of Transmeta's outstanding common stock by a person or group. Each right entitles the holder, other than an "acquiring person," to acquire shares of Transmeta's common stock at a 50% discount to the then prevailing market price. Transmeta's Board of Directors may redeem outstanding rights at any time prior to a person becoming an "acquiring person," at a price of $0.00001 per right. Prior to such time, the terms of the rights may be amended by Transmeta's Board of Directors without the approval of the holders of the rights.
Details of the plan are outlined more fully in a letter that will be mailed to Transmeta's stockholders as of the record date as well as in Transmeta's filings with the Securities and Exchange Commission.
About Transmeta Corporation
Transmeta is a publicly traded company located in Santa Clara. Transmeta develops and sells software-based microprocessors and develops additional hardware and software technologies that enable computer manufacturers to build computers that simultaneously offer long battery life, high performance and x86 compatibility. Transmeta's family of Crusoe microprocessors is targeted at the notebook and Internet appliance segments of the Mobile Internet Computer market, as well as ultra-dense servers and a range of embedded applications.
To learn more about Transmeta visit
www.transmeta.com
.
Transmeta and Crusoe are trademarks and/or registered trademarks of Transmeta Corporation in the United States and/or other countries. All other trademarks are the properties of their respective owners.
CONTACT: Transmeta
Merle A. McClendon, 408/919-3000 (CFO)
or
Phillip Bergman, 408/919-6818
bergman@transmeta.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2002 Business Wire. All rights reserved
At Last, an Ultralight Laptop Features the Right Trade-Offs
PARIS Life's a trade-off. You give up something to get something, and there are few places where this is more apparent than in laptop computers: If you want one that's small and light, its capabilities will be limited, and if you want one that's powerful and can do a lot, it will probably be relatively heavy to lug around.
.
In 1968, Alan Kay, a computer researcher at Xerox Corp.'s Palo Alto Research Center in California, envisioned a computer that he called a Dynabook, which would be no larger than a book, have a flat-panel screen and a keyboard and weigh no more than 2 pounds (less than a kilo). Although no Dynabook has ever been built, the idea achieved a certain fame in computer lore. But we are getting close to having one.
.
For the past few weeks, I have been using Fujitsu Ltd.'s LifeBook P, and it's the first ultralight portable that I've tried that I could live with and actually use. It weighs just 3.4 pounds (1.5 kilos) and measures 7 inches (17.8 centimeters) by 10.5 inches by 1.5 inches and includes a DVD player that can also record compact disks.
.
One of the limiting factors in how small these little laptops can be made is the size of the keyboard. I, for one, want to be able to put my fingers on the keys and type, so I need a more-or-less normal-size keyboard to be able to do that. On my full-size desktop keyboard at home, the top row of letters from Q to P spans just under 7.5 inches. On the LifeBook P keyboard, the corresponding letters span 6.75 inches. The keyboard is usable, but you wouldn't want it any smaller.
.
The people at Fujitsu who put it together got the trade-offs right.
.
The LifeBook P is a powerful and impressive little machine, and at $1,499, it is well-priced for what it includes. It comes with a 20-gigabyte hard disk, an 800-megahertz Crusoe processor from Transmeta Corp. and 128 megabytes of RAM. It's supposed to come with Windows XP, but the one that was sent to me for testing had Windows ME installed. If you want 256 megabytes of memory, which is probably a good idea for running Windows XP, the Lifebook P costs $1,699.
.
By comparison, Dell Computer Corp.'s Latitude C400, which weighs 3.6 pounds (without a CD drive), costs $1,799. It has a 10-gigabyte hard drive, 128 megabytes of RAM and an 866-megahertz Pentium III processor.
.
Toshiba Corp.'s Portege 4000 weighs 4.3 pounds (with a CD drive) and costs more than $2,000. It comes with a 10-gigabyte hard disk, 128 megabytes of RAM and a 750-megahertz Pentium III processor.
.
Sharp Electronics Corp.'s PC-UM10 has a 20-gigabyte hard drive, 128 megabytes of memory, a 600-megahertz Pentium III processor and costs $1,699.
.
The Lifebook P is the cheapest and, by comparison with other ultralights that I looked at but did not test, I liked it the best. Its keyboard was the easiest to work on, and it offers the most connection ports of the group. Though it doesn't have built-in wireless capabilities, it does have two USB ports, an Ethernet connector, an S-jack to connect to a television set and a FireWire port. In general, the LifeBook P requires the fewest compromises in exchange for the small size and weight.
.
But it's hardly perfect. Though the advertisements for the LifeBook P show a conventionally shaped screen, in fact, the screen is unusually long and thin, sort of letter-box shaped. I suppose that's good for watching some movies on the DVD player, but it makes the letters on the screen a little small. Changing the screen resolution can make the letters larger, but it limits how much you can see at one time.
.
I found the LifeBook P easy to integrate with other computers. Using one of its USB ports, I was able to connect to my Iomega Peerless backup drive, which I used to transfer files to and from other computers.
.
The computer and its USB port also worked well with my digital camera, which is no small matter.
.
One of the side issues in digital photography is the need to carry a computer if you're going on a long trip, so you can download pictures from your camera when its memory is full. If I have to carry a computer, I'd rather have a small, light one than a large, heavy one - as long as the small one can do what I want to do.
.
The built-in DVD player also worked without a hitch - I watched two movies - and the small speakers provided surprisingly good sound.
.
The computer's battery was adequate. I got about three hours before I needed a recharge.
.
You can buy an extra battery for $105. It replaces the DVD drive, adds a half pound to the weight and is said to double the battery time. The model that was delivered to me to try out did not have the extra battery, so I can't tell you how useful it is.
.
What I'd really like is to be able to travel without carrying any computer - along with its jacks, power supplies and assorted paraphernalia - but that limits what you can do on the road.
.
So we're stuck with laptops, and if weight is an important factor to you, you could live with the compromises that the Fujitsu Lifebook P computer imposes in order to have a machine that's not a burden to carry. At Last, an Ultralight Laptop Features the Right Trade-Offs
http://www.iht.com/articles/44672.html
Ohhh, I know something that I haven't made clear: If the price moves away from my order, I usually cancel the order. If (as in the case of Transmeta) it runs up, away from my order price, I'll cancel the order. If it comes back down to the level of my order, I don't want it.
Why not?
Fred, you definitely got the better strategy yesterday. Actually you bought at the bottom.
There are even more, e.g. entering a stop buy order above the current closing price. 2.58 (would still be unfilled) And there are even more entry and exit strategies. Which one to play? I would love to know...
Janee,
CATS (nice abbreviation)
very good balance sheet, but since I don't know anything about the product or the history, the competitors and contractors etc. it's hard to recommend anything. Gross margins are also ok, although don't represent a high growth company. So I would play this stock as a very good bet if the overall situation of the semis significantly improves, but not as a single win like I do with TMTA. It would be good to know, when they issued stocks the last time. About the pull back to 2.75, don't know, since I think the last months increase is due to their stock buyback program (which might have kicked in the increase). Usually a good sign, still the number of stocks bought back is rather little. CATS trades above book value. You also got a patent infringment against CATS etc. with uncertain outcome, which could affect future profit. So, for now I would only play CATS very short term and try to buy lower-sell higher. Stay easy.
What financials are not clear?
My 2 cents.
Well, the idea behind is, when you enter a limit buy under the current market, your order gets filled while the price is moving down. I don't suppose you buy as much so this downtrend can be reversed. So, you loose money. If you would buy at market and it goes down, you loose money as well. If it, however, goes up, you only profit, when you buy at the market price, since you limit buy order did not get filled. And the difference between the market and your support buy price is only small compared to what you expect of the price increase. So what is better?
LOL, I am sure you found the reason.
Would/Could you please post charts for the MoneyStream and TimeSegmentedVolume? Thanks.
Another thing, not very scientific, but maybe the difference between a bullish vs. consolidation mind.
To buy at support vs. buy at market, gives you 60% on the upside vs. 100% upside and 100% downside vs. 100% downside with only a little premium between support and market you paid. So what is better?
For Fred.
To get the whole picture.