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Technology Stocks : Transmeta (TMTA)-The Monster That Could Slay Intel
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To: Jock Hutchinson who wrote (67)1/20/2000 11:02:00 PM
From: carl a. mehr   of 421
 
All,
In reading url:
smartmoney.com
I find reference to a mutual fund that owns 500,000 convertible Transmeta shares. Without more data, such a statement is meaningless.

Read the article in smartmoney by Danny Hakim - part shown below:
<So, can average investors get a piece of Transmeta? Yes, through the back door. You can't directly, of course, because it's a private company and you probably don't have the ready millions and connections to get in on a round of financing. But according to filings with the Securities and Exchange Commission, the $9 billion Seligman Communications & Information (SLMCX) mutual fund holds 500,000 convertible Transmeta shares. >

I suspect that Paul Allen and George Soros will have millions of shares at a cost of 5 to 10 cents each. When Transmeta goes public these shares may suddenly become worth a 1000 times more overnight. The PR machine will work overtime until these boys can bail out. This stock will bloom, but in the end be nothing but a scam vehicle. It's such an exciting time we live it and the world is full of people wanting to strike it rich. The unlucky ones will be holding the bag when profits fail to arrive. Oh yeah, we may have to wait 5 years to get 'the rest of the story'...humble carl
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