August 18, 2000

Transmeta hopes to raise $200 million in IPO

Author: JT Smith

One of the chip maker's biggest investors includes Microsoft co-founder Paul Allen, whose Vulcan Ventures investment vehicle currently holds a 7 percent stake equal to 3,954,333 shares, Reuters reports. Transmeta, based in Santa Clara, Calif., has applied for a Nasdaq listing under the symbol "TMTA" and will have the IPO jointly managed by Morgan Stanley Dean Witter and Deutsche Banc Alex Brown.
In other news: Transmeta has begun shipping its latest notebook chip, the Crusoe 5600 processor to computer makers, CNet
reports
.

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