Feeds

Chip tester TransEDA floating nicely

Shares bumped up 67 per cent in first day's trading

  • alert
  • submit to reddit

The essential guide to IT transformation

Newly floated chip tester, TransEDA has made its investors very happy yesterday as its shares pole-vaulted from their start value of 50p to an impressive 83.5p. This valued the company at £42 million and made a paper profit of 67 per cent for investors allocated shares in the company.

TransEDA develops software used by lots of big names to test new chip designs. Clients include IBM and ARM Holdings.

Enthusiasm for the company was almost certainly bolstered by the fact that although it is still loss making, its turnover exceeds the loss by quite some margin. In fact losing £3,000 on sales of £4 million can be regarded as positively glowing in the technology sector, where we are used to the figures being the other way around.

The company says that the worldwide market in its sector was $43 million in 1999, but that it is growing at over 70 per cent per year. Since 1995, TransEDA has also averaged about 70 per cent growth. ®

5 things you didn’t know about cloud backup

More from The Register

next story
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?