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Transmeta Corporation Updates Second Quarter 2001 Financial Outlook For Immediate Release SANTA CLARA, California (June 20, 2001) — Transmeta Corporation (Nasdaq: TMTA) today announced that it is updating its outlook for its financial performance for the second quarter ending June 30, 2001. "We have achieved new design wins this quarter with key companies in our target markets including Toshiba, Sharp and RLX, and we`ve seen continued introductions of Crusoe-based notebooks into the U.S. and Europe. However, we are also seeing reductions in unit volume shipments to major customers this quarter," said Mark K. Allen, President and CEO of Transmeta. "Our business is presently based primarily in Japan, which now appears to be experiencing the economic weakness that affected other parts of the world earlier this year. Accordingly, we are decreasing our revenue expectation for the second quarter of 2001 by 40-45 percent compared with our revenue of $18.6 million for the first quarter of 2001." "In conjunction with this projected revenue decrease and our planned transition to a new manufacturing process for the second half of 2001 using 0.13 micron technology, we are also analyzing our inventory levels of existing products and expect that we will take an inventory charge during the second quarter." "We remain committed to the continued deployment of our family of Crusoe microprocessors targeted at the notebook and Internet appliance segments of the Mobile Internet Computer market, as well as ultra-dense, low power servers." Said Allen, "We remain committed to the continued deployment of Crusoe into our target markets, including mobile computing, high density, low power servers, and information appliances. We are pleased with the market reception of our Crusoe brand and the acceptance that our customers are experiencing in the market. We are also pleased that our major customers are actively working with our new 0.13 micron TM5800 processor. We believe that we are well positioned to compete effectively and resume our growth plans as the economy recovers." About Transmeta Corporation Transmeta is a publicly traded company located in Santa Clara, California. Transmeta develops and sells software-based microprocessors and develops additional hardware and software technologies that enable computer manufacturers to build computers that simultaneously offer long battery life, high performance and x86 compatibility. Transmeta`s family of Crusoe microprocessors is targeted at the notebook and Internet appliance segments of the Mobile Internet Computer market, as well as ultra-dense servers. To learn more about Transmeta and the Crusoe Smart Processor, visit our website at www.transmeta.com. Transmeta and Crusoe are trademarks and/or registered trademarks of Transmeta Corporation in the United States and/or other countries. All other trademarks are the properties of their respective owners. Cautionary Statement This release contains forward-looking statements regarding future events or the future financial performance of the Company, which statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements are only predictions, which may differ materially from actual results or future events. All such forward-looking statements are based upon our current expectations but involve inherent risks and uncertainties. Such forward-looking statements speak only as of the date of this release, and the Company will not necessarily provide updates of its forward-looking projections or forecasts. Risks and uncertainties that may have material effects on our future performance include general economic conditions, including the recent significant slowdown in the technology sector and semiconductor industry, the timing, rescheduling or cancellation of significant customer orders, potential fluctuations in our quarterly results, dependence on increasing demand for our Crusoe products, difficulties in developing or manufacturing new products in a timely and cost effective manner, market acceptance of our new products and of our customers` systems using our products, the growth of emerging markets that we are addressing, our customer concentration, the loss of revenue if a major customer were to cancel, reduce or delay a product order, inventory losses from a failure to forecast product demand accurately, our dependence on third parties for sourcing materials and providing manufacturing services, delays in product deliveries as we transition to smaller geometry process technologies, competition, rapid technological change, patents and intellectual property rights, volatility of our stock price, and the cyclical nature of the semiconductor market. We urge investors to review our regular filings with the Securities and Exchange Commission, including specifically our recent Form 10-K and our most recently filed Form 10-Q, which identify and describe these and other important risk factors that could cause our actual results to differ from those contained in these forward-looking statements. Komisch, dass die Meldung um 12Uhr mittags rauskam, und der Kurs erst im späten nachbörslichen Handel eingebrochen ist, bei ziemlich hohen Umsä tzen. Sind es die Japsen gewesen??? |
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| aus der Diskussion: | TRANSMETA`s Crusoe ist die Zukunft |
| Autor (Datum des Eintrages): | k1094 (21.06.01 08:13:48) |
| Beitrag: | 38 von 62 (ID:3784000) |
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