SITK double digits again, LOL I might just hang on for triple digits, check this out, found it on another thread:
Paul Allen Invests in Next Generation Semiconductors - Breakthrough Chipset Unveiled
Challenges Intel
Story Filed: Wednesday, January 19, 2000 4:53 PM EST
Irvine, CA, (PRIMEZONE via COMTEX) -- IRVINE, Calif., Jan.19, 2000,
(PRIMEZONE) -- IBChannel.com ( www.ibchannel.com) - reported today that
Transmeta unveiled a computer processor that is supposed to blow the competition for
next generation chipsets out of the water.
Semiconductors are the brains of a computer and the backbone of Wirelesss, Internet,
and Broadband platforms. The next generation in Semiconductor chipset and
manufacturing processes is dawning. Motorola and Other third generation
semiconductor technology companies including Sitek (OTCBB:SITK), Applied
Materials (Nasdaq:AMAT), Etec (Nasdaq:ETEC), Etek (Nadsaq:ETEK), JDS
Uniphase (Nasdaq:JDSU), Pericom (Nasdaq:PSEM), LSI (NYSE:LSI), Rambus
(Nasdaq:RMBS), Broadcom (Nasdaq:BRCM), and Intel (Nasdaq:INTC) stocks have
been soaring in the new technology wake.
Transmeta made it clear today that it aims to compete against chip giant Intel.
Newsbytes' sources suggest that the chip could be as revolutionary to the
microprocessor industry as Java has been for the Internet.
Named the "Crusoe", the chipset has been under development for over four years.
Transmeta's affiliates include Linux creator Linus Torvalds and investments by Microsoft
(Nasdaq:MSFT) co-founder Paul Allen and billionaire financier George Soros, the Wall
Street Journal reported. The investment rounds off Paul Allen's semiconductor holdings
in his "Wired World" strategy which has led to investments in synergistic technology
companies such as Go2Net (Nasdaq:GNET), High Speed Access (Nasdaq:HSAC) ,
Northpoint Communications (Nasdaq:NPNT), Priceline.com (Nasdaq:PCLN), Value
America (Nasdaq:VUSA), CNet (Nasdaq:CNET), Net Perceptions (Nasdaq:NETP),
Net Perceptions (Nasdaq:NETP, and Click2Learn Nasdaq: CLKS, Lions Gate
(AMEX:LGF).
The TM5400, will target ultralight notebook computers. It boasts speeds of 500 to 700
megahertz. The second processor, the TM3120, will target so-called Internet
appliances and handheld gadgets that handle simple tasks over the Web and which use
the Linux platform, the executives said at a long-awaited launch party in Saratoga,
Calif.The TM3120 will be available immediately at initial speeds of 333 megahertz and
400 megahertz, similar to those of Intel Corp.'s Pentium II PC processors. The 333
megahertz version will cost $65 while the faster one is priced at $89.
The Linux phenomenon has been gaining widespread support across the technology
industry with market competitors including Red Hat, Inc. (Nasdaq:RHAT), Corel
Corporation (Nasdaq:CORL), Perle Systems, Ltd. (Nasdaq:PERL) and VA Linux
Systems, Inc. (Nasdaq:LNUX), and M & A West (OTCBB:MAWI).
Monday's Wall Street Journal said that Transmeta is headed by CEO David Ditzel, a
former chip designer who has worked for AT&T's Bell Labs (NYSE:T) and Sun
Microsystems (Nasdaq:SUNW).
The chip is expected to be a software-driven design that allows the microprocessor to
effectively emulate a number of popular chipsets, including possibly those from Intel.
Because the chipset will operate with a totally new design structure, however, the
emulation looks set to outperform the chipset it is emulating.
In related news, IBC announced it is auctioning the Linuxsemiconductor.com domain
name. Interested parties may participate be visiting www.greatdomains.com and
Searching " linuxsemiconductor " or for additional information email info@ibchannel.com
.
Interactive Business Channel ( www.ibchannel.com) is the premier business and finance
portal providing investors with a one stop destination for business and financial
information including free news, quotes, charts, and commentary from top analysts.
SUBJECT: Company Announcements
KEYWORDS: Los Angeles, IBChannel.com, Bre
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