Feeds

Transmeta streamlines 75 staff out the door

Legal team hunkers down

Gartner critical capabilities for enterprise endpoint backup

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. ®

Gartner critical capabilities for enterprise endpoint backup

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
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
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
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
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.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
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?