Feeds

Transmeta streamlines 75 staff out the door

Legal team hunkers down

Eight steps to building an HP BladeSystem

Master of the "streamline," Transmeta today culled about 40 per cent of its workforce.

Seventy-five employees - most of them in engineering - have been let go, as a cost savings measure. In addition, the chip IP licensing house plans to shutdown sales and support offices in Japan and Taiwan. Transmeta will also can another 25 to 55 people over the next two quarters, depending on how a relationship with Microsoft goes.

Once all of these moves have been completed, Transmeta expects to save between $17m and $23m per year. It will take between $11m and $14m in charges as a result of the restructuring.

Transmeta has been in a near constant streamlining process since it first launched as a low-power x86 chip maker. Disappointing sales, production issues and oh so fierce competition from Intel blunted any edge Transmeta once claimed in the low-power market.

Over the past couple of years, the company has moved to license its chip knowhow to other companies.

Transmeta and Intel have filed recent lawsuits against each other. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
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
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.