Transmeta (TMTA)-The Monster That Could Slay Intel Message Board

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Technology Stocks : Transmeta (TMTA)-The Monster That Could Slay Intel

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To: Andrew who wrote (419)	2/8/2010 6:55:31 PM
From: Savant	of 421

And the rest of the story... Jan 2009 Video processing chip startup Novafora is set to buy intellectual property IP chip licensing firm, Transmeta, for USD255.6m in cash. Under the terms of the pending agreement, Transmeta shareholders are set to make between USD18.80 and USD19 for each share of Transmeta common stock, nearly USD1 above its value.... -- Philip Zera, an analyst with Algorithm Capital, argues that the price tag, which will amount to between $18.70 and $19 per share based on certain adjustments, is far too low. "Excluding cash, the company is receiving just over $11 million for its entire portfolio of valuable technology that has been developed over ten years at a cost in excess of $400 million," he wrote in a research note today. ---------- SANTA CLARA, Calif. -- Transmeta Corporation (NASDAQ: TMTA) today announced that its Board of Directors has approved a reverse split of Transmeta's common stock at a ratio of one-for-20 shares, to take effect on Friday, August 17, 2007.

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