Transmeta CEO replaced after seven months

The Register: “Transmeta has replaced its president and CEO, Mark Allen, after barely six-and-a-half months on the
job – just two days ahead of the publication of its Q3 results.

We’ve yet to hear a more sinister harbinger of trouble ahead – doubly so when the chairman has to
stress his confidence in the company: “I remain extremely positive about Transmeta’s technology,
business model and the very strong team of over four hundred employees.” It doesn’t sound to us
like he’s confident at all.”