Feeds

Transmeta to re-organise

Burning through cash

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

A near doubling in Transmeta's technology licensing revenue during its fourth quarter proved insufficient to stem the chip maker's losses, it reported Tuesday.

And the company held out the prospect of radical changes to its organisation. It will spill the beans tomorrow, it said.

During the three months to 31 December 2004, Transmeta's Q4 FY2004, the company recorded revenues of $11.3m, up from the previous quarter's $7m and $3.5m in Q4 FY2003.

The most recently completed quarter's revenues split $4.8m to $6.5m, product sales to licensing revenue. The former was up a little on the previous quarter's $3.7m, but the licensing contribution grew 93.9 per cent from Q3 FY2004's $3.3m, and significantly higher than the year-ago quarter's $200,000 licensing revenue.

That will encourage the company's leaders, who have vowed to move the firm away from manufacturing to focus on chip intellectual property development. Transmeta CEO Matthew Perry has already said the company is winding down Crusoe and Efficeon production. In their place, it's hoping to encourage more chip makers to incorporate its EPIC architecture, instruction set emulation code and power conservation technology, LongRun 2. It's already had some success with the latter, most recently licensing it to Sony, potentially for the latter's 'Cell' processor.

Q4 FY2004's net loss came to $28.1m (15 cents a share), down fractionally on the previous quarter's $28.6m loss (16 cents a share), but up on the year-ago quarter's $21.9m loss (15 cents a share).

For FY2004 as a whole, Transmeta was in the red to the tune of $106.8m (61 cents a share), rather higher than FY2003's $87.6m (63 cents a share)loss despite a 70 per cent increase in revenue: $29.4m, up from FY2003's $17.3m.

FY2004's revenue comprised $18.8m in product revenue and $10.7m of licensing and service revenue. This compares with $16.2m in product revenue and $1.1m of licensing and service revenue in the 2003 fiscal year.

Transmeta ended the year with $53.7m in the bank. ®

Related stories

Transmeta licences low-power tech to Sony
Once fabless, almost chipless - is Transmeta's future hopeless?
Transmeta touts Media Center PC design
Transmeta may power down chip making biz
Transmeta loss widens as revenues miss target

Internet Security Threat Report 2014

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.