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To: Bob Kim who wrote (137787)6/20/2001 5:28:25 PM
From: tcmay  Read Replies (1) | Respond to of 186894
 
Light at the end of the tunnel for Transmeta

<GV, re TMTA

I wonder if Osha's stock universe will lose its last Buy-rated stock.

Didn't the CEO say that things were on track last week? >

Yep, they're on track and they see light at the end of the tunnel. The light is getting brighter and brighter...why, it seems to be an express train named "The Intel Express."

Whoops.

--Tim May



To: Bob Kim who wrote (137787)6/20/2001 5:43:24 PM
From: Road Walker  Read Replies (2) | Respond to of 186894
 
Bob,

Osha covers semiconductors, and he can only find one stock out of the 100's to rate as buy, and he chooses Transmeta?!? How much do they pay this guy? Of course the other question is did ML underwrite the TMTA IPO?

Transmeta sees Q2 sales down as Japan slows
SANTA CLARA, Calif., June 20 (Reuters) - Transmeta Corp.(NasdaqNM:TMTA - news), which designs power-saving chips for notebook computers, on Wednesday slashed its sales projection because of a slowdown in shipments to Japan, its major market.

The company said in a statement that revenues for its fiscal second quarter would fall by 40-45 percent from the $18.6 million recorded in the first quarter.

Santa Clara, Calif.-based Transmeta also said it would take an unspecified inventory charge in the current quarter.

The company said that its key customers -- Japanese computer manufacturers -- were cutting back on the volume of their orders in the current quarter.

``(Japan) appears to be experiencing the economic weakness that affected other parts of the world earlier this year,'' Mark Allen, Transmeta CEO and President said in a statement.