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To: Clint E. who wrote (32940)	6/20/2001 9:02:10 PM
From: Return to Sender	Read Replies (1) \| Respond to of 70094

Transmeta sees Q2 sales down, share plunges finance.yahoo.com (UPDATE: Updates to include fall in after-hours share price, background) 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, which counts Japan's NEC Corp. , Toshiba Corp. , and Sony Corp. among the customers for its Crusoe chip, said 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. Transmeta shares fell sharply in after-hours trade in reaction to the warning, dropping by almost 36 percent to $8.10 on the Instinet system from a regular-hours Nasdaq close of $12.60. In a statement, the company, which has followed a ``Japan-first'' strategy of targeting design wins with Japanese notebook makers, said customers 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.