Santa Clara, CA-based Transmeta Corp. is once again going to focus its efforts on leveraging its IP (Intellectual Property). Lester Crudele, president and CEO, was quoted saying:"After a critical evaluation of all our lines of businesses, we have decided that IP development and licensing will be our core business activity going forward."
Transmeta initiated its new business plan by reducing headcount by approximately
75 employees. News reporting services wrote: "and its headcount will be cut by a further 25 to 55 people as it completes existing engineering services work."restructuring charges: $11 million to $14 million total cash expenditures: $ 7 million to $10 million yearly cost savings: $17 million to $23 million
Creator: Gerald D. Thurman
Created: 05 February 2007