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Technology Stocks : Transmeta (TMTA)-The Monster That Could Slay Intel -- Ignore unavailable to you. Want to Upgrade?

To: Jerry in Omaha who wrote (381)	5/7/2001 12:41:39 PM
From: Jerry in Omaha	Read Replies (1) \| Respond to of 421

To All: Bad News siliconvalley.com Transmeta stock falls after IPO lock-up ends NEW YORK (Reuters) - Shares of Transmeta Corp. , a start-up computer chip maker, fell 23 percent in early trade Monday when a majority of its shares were freed from trading restrictions related to the company's initial public offering last November. Santa Clara, Calif.-based Transmeta, whose low-power processors have yet to be embraced by U.S. personal computer makers, saw its stock fall $3.36 to $11.21 in morning trade on the Nasdaq. Transmeta was the fourth most active Nasdaq issue with more than 13 million shares changing hands in early trading. Transmeta could not immediately be reached for comment. More than 114 million shares of common stock, or about 88 percent of the total outstanding, had been held in ``lock-up'' agreements since the company's Nov. 7 Wall Street debut, according to a company filing with U.S. regulators. Also on Monday, U.S.-based PC maker Compaq Computer Corp. said it would use low-power processors from top chipmaker Intel Corp., Transmeta's largest competitor, in its new line of computer servers. Transmeta has tried to break into the U.S. PC market with its line of low-power processors, which use an innovative mix of software and hardware. It has yet to receive an order from a domestic computer maker.