Transmeta (Semiconductor) (TMTA)

[DewDiligence]

Amazing:

This is now back to the 1.50-1.90 range where I sold it a year ago.

For the sake of the company, I hope the BOD steps in and pulls the plug on the CPU business while there is still cash in the till. TMTA has a chance to make it as a pure-play IP firm, but they will have to take decisive action by year-end at the latest.

This is where the “outside” directors are paramount. When they are too close to the executive officers, it’s hard for them to vote for a radical change that admits failure.