Feeds

Transmeta narrows loss on cost cuts

Improves loss-limitation lookout

  • alert
  • submit to reddit

Designing a Defense for Mobile Applications

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

The smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
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.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.