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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (144916)	10/9/2001 12:06:35 AM
From: Monica Detwiler	Read Replies (2) \| Respond to of 186894

Isn't this the company that the media darlings used to call "plucky" ? Looks like they may be going down for the big gulp. Transmeta lowers third-quarter revenue outlook By Reuters October 8, 2001, 5:45 p.m. PT news.cnet.com SANTA CLARA, Calif.--Transmeta, which makes power-saving chips for notebook computers, said Monday that it expects third-quarter revenues of $5 million as the slowdown in its customer spending dragged on through the summer. Transmeta said its business is based primarily in Japan and customers there are reducing unit volume shipments due to worsening economic conditions. The company is also experiencing delays in completing the process qualification for its 5800 micron product. It decided not to ship the device in production volumes during the third quarter. Transmeta has begun marketing its Crusoe processor to manufacturers of networking equipment, printers and other "embedded" devices in an effort to achieve critical mass. Embedded computers are systems that are not PCs, including set-top boxes and point-of-sale devices such as cash registers. The push into the embedded processor market comes as a way for Transmeta to tackle one of its chief longer-term challenges: volume. Although the company landed a number of high-profile deals with major notebook manufacturers in Crusoe's first year of availability, analysts say Transmeta runs the risk of being wedged into a niche market. The company sold approximately 500,000 chips in its first year of delivering products, according to Dean McCarron, principal analyst at Mercury Research. Transmeta stock, which had a year-high of $50.87, closed Monday trading at $1.29 on the Nasdaq. News.com's Michael Kanellos contributed to this report.