Transmeta slumps on liquidity warning@ 2005/04/12
That's after it filed a form with the Securities and Equities Commission (SEC) at the end of March which included a warning from auditors.
But Transmeta said in a statement that although it was required to file the statement according to the rules of the Nasdaq exchange, it does not alter the plans it formally announced on the 31st of March, which included a re-structuring plan.
This is all a far cry from the days when it launched on Nasdaq. At that time its shares topped the $45 mark.