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Transmeta slumps on liquidity warning Transmeta slumps on liquidity warning
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Transmeta slumps on liquidity warning
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Old 12th April 2005, 14:39   #1
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Default Transmeta slumps on liquidity warning

CHIP FIRM Transmeta's share price fell to 76 cents yesterday after it complied with Nasdaq rules and issued a "going concern" warning, a drop of over 15 per cent.
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.

Welcome to the world of technology. TMTA is the symbol; it produces one of the best Mobile chips with extremely low power consumption. Many had thought AMD would consider buying this Company; let's hope it is not fallen victim of Intel.

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