Feeds

Chips are down for Transmeta

Silicon Valley darling sold

Choosing a cloud hosting partner with confidence

The low power chip company Transmeta has been sold to Novafora - the VC-backed "video processor" firm.

Novafora is paying $255.6m(£169.8m), or between $18.70 and $19.00 a share, for the company. The deal has been approved by Transmeta and Novafora's directors but still needs shareholder, and regulator, approval. The deal should close in the first quarter of 2009 at which time Transmeta shares will be delisted.

Separately Transmeta said earnings for the third quarter ended 30 September were $25.3m from licensing activities. It has also signed a non-exclusive licensing deal with AMD.

Transmeta hit the headlines in 2000 with promises to revolutionise low power chips. Its Crusoe chip promised to change "Mobile Internet Computers" for ever. In the end the revolution in netbooks did arrive, but the pesky things weren't all running Crusoe chips.

The firm was a poster child for the first bubble - raising millions in venture capital and getting acres of media coverage - on the strength of a promised new market which took rather longer to arrive than predicted.

Transmeta gave up on making chips in 2005 to concentrate on licensing its intellectual property.

Novafora is run by the Rakib brothers who previously ran Terayon Communication Systems. Terayon, which helps allocate bandwidth to video applications, was sold to Motorola.

Transmeta's statement is here.®

Website security in corporate America

More from The Register

next story
Man buys iPHONE 6 and DROPS IT to SMASH on PURPOSE
Yarrrgh! 'Tis Antipodean insanity, ye crazy swab
Oi, Tim Cook. Apple Watch. I DARE you to tell me, IN PERSON, that it's secure
State attorney demands Apple CEO bows the knee to him
4K-ing excellent TV is on its way ... in its own sweet time, natch
For decades Hollywood actually binned its 4K files. Doh!
Your chance to WIN the WORLD'S ONLY HANDHELD ZX SPECTRUM
Reg staff not allowed to enter, god dammit
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Monitors monitor's monitoring finds touch screens have 0.4% market share
Not four. Point four. Count yer booty again, Microsoft
DARPA-backed jetpack prototype built to make soldiers run faster
4 Minute Mile project hatched to speed up tired troops
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.