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 Jul 11, 2005 - 04:00 PM - by Michael
* Transmeta not going under after all?

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PC Games/Hardware/Microsoft
There may be life in Transmeta yet, according to some new financial reports.

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.
A couple months ago, predictions were the company would go bankrupt - if they can turn it around and get their processors on their feet, it could be very good for the mobile market.
 

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