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Technology Stocks : TMTA Transmeta better faster cheaper?

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To: John McDonald who wrote (217)5/6/2003 9:24:42 PM
From: Ron  Read Replies (2) of 281
 
Shares of Transmeta Corp. (NASDAQ:TMTA) rose sharply on Tuesday on news that the chipmaker was chosen by Microsoft Corp. (NASDAQ:MSFT) as a reference design partner for next generation Smart Displays.

Transmeta shares rose 27 percent, or 29 cents, to $1.35 on the Nasdaq stock exchange.

Smart Displays are wireless, touch screen monitors that allow the use of Microsoft Windows XP-based personal computers from remote locations within a home or office.

Smart Displays are currently available from display and computer manufacturers, with more models scheduled for release later in 2003 and 2004, Transmeta said.

Santa Clara, California-based Transmeta designs microchips for electronic devices that need long battery life. It faces stiff competition from Intel Corp. (NASDAQ:INTC), the world's largest maker of semiconductors, which serve as the brains of computers.
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