Chips are down for Transmeta
The low power chip company Transmeta has been sold to Novafora - the VC-backed "video processor" firm. Novafora is paying $255.6m(£169.8m), or between $18.70 and $19.00 a share, for the company. The deal has been approved by Transmeta and Novafora's directors but still needs shareholder, and regulator, approval. The deal should …
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I thought...
the reason they were famous was that Linus Torvalds was working for them at the start...
After remembering the hype surrounding their launch...
Does this mean their chips weren't a secret plot to release technology captured at Roswell to the general public and kick off the 21st century after all?
Mispossessed
"Chip's are down" - do I detect an apostrophe infraction - and after all we said on that subject the other week - http://www.theregister.co.uk/2008/11/11/apostrophe_abuse/ !!
...but why did it fail?
"The firm was a poster child for the first bubble - raising millions in venture capital and getting acres of media coverage - on the strength of a promised new market which took rather longer to arrive than predicted."
Well, Transmeta made a stab at the low-power CPU market but lost. It's called capitalism, no harm done. On the other hand, it's still worth millions, so it's unlike a classical bubble monster, really.
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