Friday, July 6, 2007

AMD buys $7.5 mln stake in Transmeta, shares rise

(Reuters) - It is still best known for its Crusoe and Efficeon computer microprocessors, which went on sale in 2000 when it strived to be a chip manufacturer. Their small design and efficient use of power allowed the fledgling company to hold its own against No. 1 chipmaker Intel Corp. , but only for several years.




In 2005, Transmeta said it was pulling out of the microprocessor business, under heavy pressure from Intel, which had beefed up the technology and marketing efforts behind its laptop microprocessors.


Read more at Reuters.com Hot Stocks News

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