Feeds

Transmeta narrows loss on cost cuts

Improves loss-limitation lookout

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Transmeta lost $21.1m (11 cents a share) on sales of $6.9m during the three months to 31 March 2005, the processor technology developer said late last week.

By comparison, Transmeta lost $28.1m (15 cents a share) on Q4 FY2004 revenues of $11.2m, and $23.4m (14 cents a share) on Q1 FY2004 sales of $5.2m.

Almost all of the most-recent quarter's revenues - $6.4m to be precise - came from product sales. The rest, $450,000, arose from licensing technology. That might appear to call Transmeta's move away from products to licensing, but the company noted deferred revenue of $14.5m made during the quarter by licensing its LongRun 2 power-conservation technology to Sony and Fujitsu. Alas it will not be able to record that sum as quarterly revenue until the work with the two Japanese firms is complete, and its invoices have been paid.

Transmeta took a $1.3m hit during the quarter to cover the cost of laying off 67 employees on 31 March. Former CEO Matt Perry quit on that date too.

CFO Mark Kent noted the company had cut its "negative cash-flow" to $11.7m during the quarter and is well on its way to getting that that down to $5m by the end of Q2 rather than Q3, as indicated in the company's previous guidance. ®

Related stories

AMD and Transmeta steal Q1 market share from Intel
Transmeta replaces CEO amid major restructure
Transmeta to re-organise
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

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
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
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Broadband slow and expensive? Blame Telstra says CloudFlare
Won't peer, will gouge for Internet transit
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.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
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?