Transmeta (Semiconductor) (TMTA)

[DewDiligence]

Convergence:

The idea of an electronic Swiss army knife -- incorporating the features of a PC, phone, PDA, and possibly a camera in a compact package which runs all day on a single battery charge -- sounds compelling. But the history of multifunction devices is somewhat checkered. For example, boxes that do scanning, copying, and laser printing have never really caught on because the prices have been high relative to single-function devices with comparable performance.

The mobile PC/phone/PDA/camera may turn out to be big, but I am not basing my investment in TMTA on that assumption. Dew