Transmeta hails positive Q2 cash flow
PrintMore money going in than out
Posted in Financial News, 11th July 2005 08:47 GMT
Free whitepaper – Unified Server Configurator
More cash flowed into Transmeta in the second quarter than it spent, the company said late last week as a teaser for its upcoming results announcement.
In May, the former chip maker said it would reduce its negative cash-flow to under $5m, and the company was quick to point out that its Q2 numbers will be better than expected.
"We have surpassed our first goal of substantially reducing our cash burn, and in fact I am now able to comfortably say that we will report positive operating cash flow for the 2005 second quarter," said Transmeta's CFO, Mark Kent, in a statement.
The company's second quarter ended 30 June.
Transmeta has been aggressively attempting to cut costs ever since it decided earlier this year to get out of the chip manufacturing business and focus instead on processor technologies it can license to other vendors. That change came to a head on 31 March, when the company restructured, a move that saw president and CEO Matthew Perry replaced by Art Swift.
For the three months to 31 March, Transmeta lost $21.1m on product sales and licensing revenue of $6.9m. ®
Related stories
Transmeta narrows loss on cost cuts
AMD steals 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?
Enabling The Agile Data Center
What Exchange can't do - and Dell can
Analyst Keynote: The Register Agile Data Center Summit
Analyst Keynote: The Register Agile Data Center Summit
Google Spanner — instamatic redundancy for 10 million servers?
Early adopters bloodied by Ubuntu's Karmic Koala
Fedora 12 polishes Linux for netbooks
Sign up, sign up for The Register IT security newsletter