Intel Corp (INTC)

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DD - "instead of refuting my contention that Centrino is overpriced, you have tried to change the subject to Crusoe’s performance."

Intel can change the overpricing scenario of the Centrino, if there realy is one, with a simple stroke of the pen.
Transmeta, on the other hand, cannot change the performance of their lame 5800 processor by any great extent - indeed, they are stuck with that turkey until their much delayed - and most likely much more delayed - new 800 processor gets to market.
And if history proves out, these new great white hopes will be not much better than Transmeta's current lame oferings.
Of course, there is the possibility that Transmeta investors will choose to liquidate the company before it burns through its remaining cash - at a burn rate of $20,000,000 per quarter.
In fact, Transmeta burned through $112,000,000 in cash in the 12 months of 2002 - and their remaining $129,000,000 cash (as of 12/27/2002) can surely be spent in its entirety during the next 12 months.
Transmeta's sales are abysmal - and they are faced with the dire prospect of having to spend money at an even faster rate to try to accelerate sales - wafers aren't cheap and Taiwan's foundries want cash-up-front before they ship any wafers - and Transmeta's 8000 processor requires the most expenseive foundry process there is - outside of IBM, of course.
Then again, those nasty shareholder lawsuits may drain the corporate coffers dry before any of this happens.
Transmeta really needs a Hector Houdini to pawn off a few hundred million dollars of worthless bond offerings to some fresh Wall Street suckers - like AMD's Hector Houdini repeatedly does.

-SZ