June 27, 2001

Shareholders sue Transmeta

Author: JT Smith

CNet reports that shareholders have filed a class-action lawsuit against chipmaker Transmeta, "alleging that
company executives made false statements about its business and certain products to boost its
stock price." The lawsuit alleges during and after its IPO, Transmeta made misleading statements about its
Crusoe microprocessors, including overstating the battery life.

Category:

  • Open Source
Click Here!