The Channel logo

News

By | Tony Smith 11th July 2005 08:47

Transmeta hails positive Q2 cash flow

More money going in than out

More cash flowed into Transmeta in the second quarter than it spent, the company said late last week as a teaser for its upcoming results announcement.

In May, the former chip maker said it would reduce its negative cash-flow to under $5m, and the company was quick to point out that its Q2 numbers will be better than expected.

"We have surpassed our first goal of substantially reducing our cash burn, and in fact I am now able to comfortably say that we will report positive operating cash flow for the 2005 second quarter," said Transmeta's CFO, Mark Kent, in a statement.

The company's second quarter ended 30 June.

Transmeta has been aggressively attempting to cut costs ever since it decided earlier this year to get out of the chip manufacturing business and focus instead on processor technologies it can license to other vendors. That change came to a head on 31 March, when the company restructured, a move that saw president and CEO Matthew Perry replaced by Art Swift.

For the three months to 31 March, Transmeta lost $21.1m on product sales and licensing revenue of $6.9m. ®

Related stories

Transmeta narrows loss on cost cuts
AMD steals Q1 market share from Intel
Transmeta replaces CEO amid major restructure
Transmeta to re-organise
Transmeta licences low-power tech to Sony
Once fabless, almost chipless - is Transmeta's future hopeless?

alert Send corrections

Opinion

frustration_anger_irritation_annoyance pain

Felipe Costa

Pressure to perform for stock market bearing down on disties
Columns of coins in the cloud

Michael Cote

Anything that simple to use has got to be complex to set up
Internet of Things

Gavin Clarke

This time, Larry's Oracle is going after the networking giants

Features

No email? No CRM? No Daily Mail iPad edition? You need a plan
Sinofsky's hybrid strategy looks dafter than ever
Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club