February 11, 2008
Transmeta receives $150 million payment from Intel
Microprocessor technology supplier Transmeta said it has received the initial payment of $150 million from Intel towards the $250 million settlement that the two companies agreed upon back in October. The payment was received on January 28, according to Sujan Jain, Transmeta's chief financial officer. Mr. Jain also said that Transmeta is evolving its business model to generate a more constant revenue stream.