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2. | 2. | 1,1500 | -16,67 | 98 | |||
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Sollten heute nicht die Zahlen kommen?
Hab Besuch & kann nicht nach Infos suchen.
Wäre sehr verbunden ... ;o)
Hab Besuch & kann nicht nach Infos suchen.
Wäre sehr verbunden ... ;o)
SANTA CLARA, Calif.--
Balance Sheet Strengthened by $78.4 Million from Common Stock
Offering First Efficeon-Based Product Is Shipping
Transmeta Corporation (Nasdaq:TMTA), the leader in efficient
computing, today announced financial results for its fourth quarter
and fiscal year ended December 26, 2003.
Net revenue for the fourth quarter of fiscal 2003 was $3.6
million, compared with $2.7 million in the third quarter of 2003 and
$6.1 million in the fourth quarter of 2002. GAAP net loss for the
fourth quarter of 2003 was $21.6 million, or a loss of $0.15 per
share. This compares with a GAAP net loss of $23.7 million, or a loss
of $0.17 per share in the third quarter of 2003 and a GAAP net loss of
$21.7 million, or a loss of $0.16 per share in the fourth quarter of
2002.
Excluding the net effects of non-cash charges and credits of $3.2
million, the non-GAAP net loss for the fourth quarter of 2003 was
$18.4 million, or a net loss of $0.13 per share. This compares with a
non-GAAP net loss of $18.7 million, which excludes net non-cash
charges of $4.9 million, or a net loss of $0.13 per share in the third
quarter of 2003, and a non-GAAP net loss of $17.6 million, which
excludes net non-cash charges of $4.1 million, or a net loss of $0.13
per share in the fourth quarter of 2002.
In December 2003, Transmeta received net proceeds, before
expenses, of $68.2 million from its common stock offering of 25
million shares, bringing its total cash and equivalents to $120.8
million at year end. On January 12, 2004 the underwriters exercised
their over-allotment option and purchased 3.75 million shares,
resulting in additional net proceeds to the company of $10.2 million,
and bringing the total net proceeds to $78.4 million before expenses
and giving the company a post-offering cash and equivalents balance of
approximately $130.0 million.
Net revenue for fiscal 2003 was $17.3 million, compared with $24.2
million for fiscal 2002. GAAP net loss for fiscal 2003 was $87.3
million, or a loss of $0.62 per share. This compares with a GAAP net
loss of $110.0 million, or a loss of $0.82 per share in 2002.
Non-GAAP net loss for fiscal 2003 was $72.4 million, or a loss of
$0.52 per share, which excludes net non-cash charges and credits
totaling $14.9 million. This compares with a non-GAAP net loss of
$83.9 million, or a loss of $0.62 per share in fiscal 2002, which
excludes restructuring and non-cash charges as well as the benefit
from previously recorded inventory-related charges totaling $26.0
million.
"In the fourth quarter, we achieved revenue within our guidance
range and strengthened our balance sheet by more than $78 million in
net proceeds from our common stock offering, including the
over-allotment option the underwriters exercised in January," said Dr.
Matthew R. Perry, president and CEO of Transmeta.
"Mobile computing design activity is shifting to our Efficeon(TM)
processor and we are beginning to see the revenue associated with this
new product. Our embedded designs -- particularly in the thin client
space -- are also beginning to contribute significant revenue. We
believe that the majority of our growth in 2004 will be derived from
the mobile computing and thin client markets. In addition, we continue
to receive strong interest in licensing opportunities for our
power-management technologies.
"We are excited that our first Efficeon-powered notebook, Sharp`s
MM2, began selling in Japan recently. In addition, we have many
Efficeon designs currently in development, most of which are planned
for shipment beginning in the second quarter of 2004. There is also
significant interest in our next-generation 90-nanometer Efficeon
processor. Our goal is to produce the 90 nanometer generation of
Efficeon processors in the second half of 2004," said Dr. Perry.
Highlights
-- Sharp recently began shipping its Mebius Muramasa PC MM2, the
first Efficeon-powered notebook to be announced in the market.
The new version of the Muramasa, which is available in Japan
and uses Transmeta`s Efficeon TM8600 processor, weighs only
910 grams and is about a half an inch thin.
-- OQO announced its Ultra-Personal Computer (UPC) Model 01 at
CES last week where it was a Tech TV`s Best of CES 2004 winner
for the mobile computing/wireless segment. The Model 01 weighs
only 14 ounces and is 4.9 inches by 3.4 inches by 0.9 inches,
is powered by a Transmeta Crusoe(R) TM5800 processor and is
expected to be available in the fall of 2004.
-- Hewlett-Packard announced that it has chosen Transmeta`s
Efficeon processor to power the Blade PC in its new
Consolidated Client Infrastructure (CCI). HP`s CCI, designed
to dramatically lower total cost of ownership without
compromising desktop performance or end-user experience,
consists of an access device - an HP thin client powered by
Transmeta`s Crusoe processor - that connects with the HP Blade
PC, powered by Transmeta`s new Efficeon processor. HP thin
clients are currently available and the HP Blade PC is
expected to be available in the US and in Canada in the first
quarter of 2004.
-- Wyse Technology announced that it is collaborating with
Transmeta to develop non-PC desktops based on Transmeta`s
processors. Wyse will work with Transmeta to research and
develop innovative PC alternative platforms that address the
evolving information access needs of the enterprise IT market.
-- Transmeta introduced its Crusoe TM5700 and TM5900 processors,
which make the company`s proven Crusoe processors available in
a new 21mm by 21mm package, representing an approximate 50
percent reduction in package size over the company`s Crusoe
TM5800 processor. The small footprint of the Transmeta Crusoe
TM5700 and TM5900 processors make them ideal for applications
that require high performance processing within small and
thermally constrained environments.
-- Additional highlights include: Antelope Technologies began
shipping the world`s first UPC, Dialogue Technology began
sampling its FlyBook Ultraportable Notebook PC, Microtel began
shipping its 1007 Wireless Notebook, NEC upgraded its NetBrain
CS58 server series, Xybernaut announced general availability
of its Atigo T flat panel computer and Zupera Technology
introduced its Smartbook 8XP mini-notebook. All these new
products are powered by Transmeta`s Crusoe processors.
Current Financial Outlook for First Quarter 2004
The following outlook statements are based upon current
expectations. These statements are forward looking, and actual results
could differ materially.
The company currently expects first quarter revenue to be between
$5.0 million and $6.0 million. GAAP net loss per share for the first
quarter is expected to be in the range of $0.13 to $0.14 and a
non-GAAP net loss per share in the range of $0.11 to $0.12 on about
171.6 million weighted average shares outstanding. The expected
non-GAAP net loss per share excludes the effect of non-cash
amortization and deferred compensation charges, which are expected to
total $2.6 million for the first quarter. Operating expenses are
expected to be approximately $19.2 million. Cash and equivalents at
the end of March is expected to be approximately $113.0 million.
Conference Call
The company will hold a conference call at 2:00 pm Pacific Time
today, January 15, 2004, to discuss the fourth quarter and fiscal 2003
financial results. To participate, please dial (719) 457-2617 at
approximately 1:50 pm PT. A live webcast of the conference call will
be available via the investor relations page of the company`s website
at www.transmeta.com. A replay of the call will be available one hour
after the completion of the call. To access the recording, please dial
(888) 203-1112, passcode 790532. For callers outside the U.S., please
dial (719) 457-0820, with the same passcode.
About Transmeta Corporation
Founded in 1995, Transmeta Corporation designs, develops and sells
highly efficient x86-compatible software-based microprocessors that
deliver a compelling balance of low power consumption, high
performance, low cost and small size. We announced our first Crusoe
family of processors in 2000, and we introduced our new Efficeon
family of processors in October 2003. Our products are valuable for
diverse computing platforms demanding energy efficiency, low heat and
x86 software compatibility. We also develop advanced power management
technologies for controlling leakage and increasing power efficiency
in semiconductor and computing devices. To learn more about Transmeta,
visit www.transmeta.com.
Safe Harbor Statement
This release contains forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Such statements speak only as of the date of this
release, and we will not necessarily provide updates of our
projections or other forward-looking statements. Investors are
cautioned that such forward-looking statements are subject to many
risks and uncertainties, and may differ materially or adversely from
our actual results or future events. Important risk factors that could
have material or adverse effects on our results include general
economic, political and public health conditions, specific conditions
and volatility in the markets that we address, the rescheduling or
cancellation of significant customer orders, market acceptance and
adoption of our new products by our present and future customers and
end users, difficulties in developing or manufacturing new and
existing products in a timely and cost effective manner, our
dependence on third parties for sourcing materials and providing
manufacturing services, intense competition and competitive pressures,
patents and other intellectual property rights, and other risk
factors. We urge investors to review our filings with the Securities
and Exchange Commission, including our recent reports on Forms 8-K,
10-K and 10-Q, which describe these and other important risk factors
that could have an adverse effect on our results. We undertake no
obligation to revise or update publicly any forward-looking statement
for any reason.
-0-
*T
TRANSMETA CORPORATION
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Fiscal Year Ended
------------------- -------------------
Dec 26, Dec 27, Dec 26, Dec 27,
2003 2002 2003 2002
--------- --------- --------- ----------
Net revenue $ 3,556 $ 6,118 $ 17,315 $ 24,247
Cost of revenue 3,801 4,680 16,324 17,127
--------- --------- --------- ----------
Gross profit (245) 1,438 991 7,120
Operating expenses
Research and development 11,404 12,632 48,525 63,603
Selling, general and
administrative 6,795 6,991 25,754 29,917
Restructuring charges (147) - (147) 14,726
Amortization of deferred
charges and intangible assets 2,628 2,848 10,530 11,392
Stock compensation 696 1,214 4,529 1,809
--------- --------- --------- ----------
Total operating expenses 21,376 23,685 89,191 121,447
--------- --------- --------- ----------
Operating loss (21,621) (22,247) (88,200) (114,327)
Interest and other, net 53 561 912 4,361
--------- --------- --------- ----------
Net loss $(21,568) $(21,686) $(87,288) $(109,966)
========= ========= ========= ==========
Net loss per share--basic and
diluted $ (0.15) $ (0.16) $ (0.62) $ (0.82)
Weighted average shares
outstanding - basic and
diluted 142,747 136,850 139,692 134,719
TRANSMETA CORPORATION
PRO FORMA CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
The following pro forma supplemental information excludes the
amortization of deferred charges and intangible assets, non-cash stock
compensation awards, restructuring charges, and effects of previously
recorded inventory commitments
Three Months Ended Fiscal Year Ended
------------------- --------------------
Dec 26, Dec 27, Dec 26, Dec 27,
2003 2002 2003 2002
--------- --------- --------- ----------
Net revenue $ 3,556 $ 6,118 $ 17,315 $ 24,247
Cost of revenue 3,801 4,680 16,324 19,012
--------- --------- --------- ----------
Gross profit (245) 1,438 991 5,235
Operating expenses
Research and development 11,404 12,632 48,525 63,603
Selling, general and
administrative 6,795 6,991 25,754 29,917
--------- --------- --------- ----------
Total operating expenses 18,199 19,623 74,279 93,520
--------- --------- --------- ----------
Operating loss (18,444) (18,185) (73,288) (88,285)
Interest and other, net 53 561 912 4,361
--------- --------- --------- ----------
Net loss $(18,391) $(17,624) $(72,376) $ (83,924)
========= ========= ========= ==========
Net loss per share--basic and
diluted $ (0.13) $ (0.13) $ (0.52) $ (0.62)
Weighted average shares
outstanding - basic and
diluted 142,747 136,850 139,692 134,719
The pro forma amounts have been adjusted to eliminate the following:
Amortization of deferred charges
and intangible assets $ 2,628 $ 2,848 $ 10,530 $ 11,392
Stock compensation 696 1,214 4,529 1,809
Restructuring charges (147) - (147) 14,726
Excess inventory and purchase
commitment charge - - - (1,885)
Net loss in accordance with
U.S. GAAP $(21,568) $(21,686) $(87,288) $(109,966)
TRANSMETA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
Dec. 26, Dec. 27,
2003 2002
--------- ---------
Assets
Current assets
Cash and short-term investments $120,765 $129,450
Accounts receivable, net 1,914 4,060
Inventories 8,796 10,937
Prepaid and other current assets 3,671 4,722
--------- ---------
Total current assets 135,146 149,169
Property and equipment, net 5,305 9,574
Other assets 31,334 38,812
--------- ---------
Total assets $171,785 $197,555
========= =========
Liabilities and Stockholders` Equity
Current liabilities
Accounts payable and other current liabilities $ 11,996 $ 13,722
Current portion of accrued restructuring costs 1,667 2,549
Current portion of long-term obligations 21,499 16,865
--------- ---------
Total current liabilities 35,162 33,136
Long-term accrued restructuring costs 4,501 5,456
Long-term payables 356 18,116
Stockholders` equity 131,766 140,847
--------- ---------
Total liabilities and stockholders` equity $171,785 $197,555
========= =========
*T
Transmeta Corporation S. Olav Carlsen, 408-919-3000 or Mozes
Communications LLC Kristine Mozes, 781-652-8875
© Business Wire, 2004 - 01/15/2004 04:07 PM
Balance Sheet Strengthened by $78.4 Million from Common Stock
Offering First Efficeon-Based Product Is Shipping
Transmeta Corporation (Nasdaq:TMTA), the leader in efficient
computing, today announced financial results for its fourth quarter
and fiscal year ended December 26, 2003.
Net revenue for the fourth quarter of fiscal 2003 was $3.6
million, compared with $2.7 million in the third quarter of 2003 and
$6.1 million in the fourth quarter of 2002. GAAP net loss for the
fourth quarter of 2003 was $21.6 million, or a loss of $0.15 per
share. This compares with a GAAP net loss of $23.7 million, or a loss
of $0.17 per share in the third quarter of 2003 and a GAAP net loss of
$21.7 million, or a loss of $0.16 per share in the fourth quarter of
2002.
Excluding the net effects of non-cash charges and credits of $3.2
million, the non-GAAP net loss for the fourth quarter of 2003 was
$18.4 million, or a net loss of $0.13 per share. This compares with a
non-GAAP net loss of $18.7 million, which excludes net non-cash
charges of $4.9 million, or a net loss of $0.13 per share in the third
quarter of 2003, and a non-GAAP net loss of $17.6 million, which
excludes net non-cash charges of $4.1 million, or a net loss of $0.13
per share in the fourth quarter of 2002.
In December 2003, Transmeta received net proceeds, before
expenses, of $68.2 million from its common stock offering of 25
million shares, bringing its total cash and equivalents to $120.8
million at year end. On January 12, 2004 the underwriters exercised
their over-allotment option and purchased 3.75 million shares,
resulting in additional net proceeds to the company of $10.2 million,
and bringing the total net proceeds to $78.4 million before expenses
and giving the company a post-offering cash and equivalents balance of
approximately $130.0 million.
Net revenue for fiscal 2003 was $17.3 million, compared with $24.2
million for fiscal 2002. GAAP net loss for fiscal 2003 was $87.3
million, or a loss of $0.62 per share. This compares with a GAAP net
loss of $110.0 million, or a loss of $0.82 per share in 2002.
Non-GAAP net loss for fiscal 2003 was $72.4 million, or a loss of
$0.52 per share, which excludes net non-cash charges and credits
totaling $14.9 million. This compares with a non-GAAP net loss of
$83.9 million, or a loss of $0.62 per share in fiscal 2002, which
excludes restructuring and non-cash charges as well as the benefit
from previously recorded inventory-related charges totaling $26.0
million.
"In the fourth quarter, we achieved revenue within our guidance
range and strengthened our balance sheet by more than $78 million in
net proceeds from our common stock offering, including the
over-allotment option the underwriters exercised in January," said Dr.
Matthew R. Perry, president and CEO of Transmeta.
"Mobile computing design activity is shifting to our Efficeon(TM)
processor and we are beginning to see the revenue associated with this
new product. Our embedded designs -- particularly in the thin client
space -- are also beginning to contribute significant revenue. We
believe that the majority of our growth in 2004 will be derived from
the mobile computing and thin client markets. In addition, we continue
to receive strong interest in licensing opportunities for our
power-management technologies.
"We are excited that our first Efficeon-powered notebook, Sharp`s
MM2, began selling in Japan recently. In addition, we have many
Efficeon designs currently in development, most of which are planned
for shipment beginning in the second quarter of 2004. There is also
significant interest in our next-generation 90-nanometer Efficeon
processor. Our goal is to produce the 90 nanometer generation of
Efficeon processors in the second half of 2004," said Dr. Perry.
Highlights
-- Sharp recently began shipping its Mebius Muramasa PC MM2, the
first Efficeon-powered notebook to be announced in the market.
The new version of the Muramasa, which is available in Japan
and uses Transmeta`s Efficeon TM8600 processor, weighs only
910 grams and is about a half an inch thin.
-- OQO announced its Ultra-Personal Computer (UPC) Model 01 at
CES last week where it was a Tech TV`s Best of CES 2004 winner
for the mobile computing/wireless segment. The Model 01 weighs
only 14 ounces and is 4.9 inches by 3.4 inches by 0.9 inches,
is powered by a Transmeta Crusoe(R) TM5800 processor and is
expected to be available in the fall of 2004.
-- Hewlett-Packard announced that it has chosen Transmeta`s
Efficeon processor to power the Blade PC in its new
Consolidated Client Infrastructure (CCI). HP`s CCI, designed
to dramatically lower total cost of ownership without
compromising desktop performance or end-user experience,
consists of an access device - an HP thin client powered by
Transmeta`s Crusoe processor - that connects with the HP Blade
PC, powered by Transmeta`s new Efficeon processor. HP thin
clients are currently available and the HP Blade PC is
expected to be available in the US and in Canada in the first
quarter of 2004.
-- Wyse Technology announced that it is collaborating with
Transmeta to develop non-PC desktops based on Transmeta`s
processors. Wyse will work with Transmeta to research and
develop innovative PC alternative platforms that address the
evolving information access needs of the enterprise IT market.
-- Transmeta introduced its Crusoe TM5700 and TM5900 processors,
which make the company`s proven Crusoe processors available in
a new 21mm by 21mm package, representing an approximate 50
percent reduction in package size over the company`s Crusoe
TM5800 processor. The small footprint of the Transmeta Crusoe
TM5700 and TM5900 processors make them ideal for applications
that require high performance processing within small and
thermally constrained environments.
-- Additional highlights include: Antelope Technologies began
shipping the world`s first UPC, Dialogue Technology began
sampling its FlyBook Ultraportable Notebook PC, Microtel began
shipping its 1007 Wireless Notebook, NEC upgraded its NetBrain
CS58 server series, Xybernaut announced general availability
of its Atigo T flat panel computer and Zupera Technology
introduced its Smartbook 8XP mini-notebook. All these new
products are powered by Transmeta`s Crusoe processors.
Current Financial Outlook for First Quarter 2004
The following outlook statements are based upon current
expectations. These statements are forward looking, and actual results
could differ materially.
The company currently expects first quarter revenue to be between
$5.0 million and $6.0 million. GAAP net loss per share for the first
quarter is expected to be in the range of $0.13 to $0.14 and a
non-GAAP net loss per share in the range of $0.11 to $0.12 on about
171.6 million weighted average shares outstanding. The expected
non-GAAP net loss per share excludes the effect of non-cash
amortization and deferred compensation charges, which are expected to
total $2.6 million for the first quarter. Operating expenses are
expected to be approximately $19.2 million. Cash and equivalents at
the end of March is expected to be approximately $113.0 million.
Conference Call
The company will hold a conference call at 2:00 pm Pacific Time
today, January 15, 2004, to discuss the fourth quarter and fiscal 2003
financial results. To participate, please dial (719) 457-2617 at
approximately 1:50 pm PT. A live webcast of the conference call will
be available via the investor relations page of the company`s website
at www.transmeta.com. A replay of the call will be available one hour
after the completion of the call. To access the recording, please dial
(888) 203-1112, passcode 790532. For callers outside the U.S., please
dial (719) 457-0820, with the same passcode.
About Transmeta Corporation
Founded in 1995, Transmeta Corporation designs, develops and sells
highly efficient x86-compatible software-based microprocessors that
deliver a compelling balance of low power consumption, high
performance, low cost and small size. We announced our first Crusoe
family of processors in 2000, and we introduced our new Efficeon
family of processors in October 2003. Our products are valuable for
diverse computing platforms demanding energy efficiency, low heat and
x86 software compatibility. We also develop advanced power management
technologies for controlling leakage and increasing power efficiency
in semiconductor and computing devices. To learn more about Transmeta,
visit www.transmeta.com.
Safe Harbor Statement
This release contains forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Such statements speak only as of the date of this
release, and we will not necessarily provide updates of our
projections or other forward-looking statements. Investors are
cautioned that such forward-looking statements are subject to many
risks and uncertainties, and may differ materially or adversely from
our actual results or future events. Important risk factors that could
have material or adverse effects on our results include general
economic, political and public health conditions, specific conditions
and volatility in the markets that we address, the rescheduling or
cancellation of significant customer orders, market acceptance and
adoption of our new products by our present and future customers and
end users, difficulties in developing or manufacturing new and
existing products in a timely and cost effective manner, our
dependence on third parties for sourcing materials and providing
manufacturing services, intense competition and competitive pressures,
patents and other intellectual property rights, and other risk
factors. We urge investors to review our filings with the Securities
and Exchange Commission, including our recent reports on Forms 8-K,
10-K and 10-Q, which describe these and other important risk factors
that could have an adverse effect on our results. We undertake no
obligation to revise or update publicly any forward-looking statement
for any reason.
-0-
*T
TRANSMETA CORPORATION
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Fiscal Year Ended
------------------- -------------------
Dec 26, Dec 27, Dec 26, Dec 27,
2003 2002 2003 2002
--------- --------- --------- ----------
Net revenue $ 3,556 $ 6,118 $ 17,315 $ 24,247
Cost of revenue 3,801 4,680 16,324 17,127
--------- --------- --------- ----------
Gross profit (245) 1,438 991 7,120
Operating expenses
Research and development 11,404 12,632 48,525 63,603
Selling, general and
administrative 6,795 6,991 25,754 29,917
Restructuring charges (147) - (147) 14,726
Amortization of deferred
charges and intangible assets 2,628 2,848 10,530 11,392
Stock compensation 696 1,214 4,529 1,809
--------- --------- --------- ----------
Total operating expenses 21,376 23,685 89,191 121,447
--------- --------- --------- ----------
Operating loss (21,621) (22,247) (88,200) (114,327)
Interest and other, net 53 561 912 4,361
--------- --------- --------- ----------
Net loss $(21,568) $(21,686) $(87,288) $(109,966)
========= ========= ========= ==========
Net loss per share--basic and
diluted $ (0.15) $ (0.16) $ (0.62) $ (0.82)
Weighted average shares
outstanding - basic and
diluted 142,747 136,850 139,692 134,719
TRANSMETA CORPORATION
PRO FORMA CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
The following pro forma supplemental information excludes the
amortization of deferred charges and intangible assets, non-cash stock
compensation awards, restructuring charges, and effects of previously
recorded inventory commitments
Three Months Ended Fiscal Year Ended
------------------- --------------------
Dec 26, Dec 27, Dec 26, Dec 27,
2003 2002 2003 2002
--------- --------- --------- ----------
Net revenue $ 3,556 $ 6,118 $ 17,315 $ 24,247
Cost of revenue 3,801 4,680 16,324 19,012
--------- --------- --------- ----------
Gross profit (245) 1,438 991 5,235
Operating expenses
Research and development 11,404 12,632 48,525 63,603
Selling, general and
administrative 6,795 6,991 25,754 29,917
--------- --------- --------- ----------
Total operating expenses 18,199 19,623 74,279 93,520
--------- --------- --------- ----------
Operating loss (18,444) (18,185) (73,288) (88,285)
Interest and other, net 53 561 912 4,361
--------- --------- --------- ----------
Net loss $(18,391) $(17,624) $(72,376) $ (83,924)
========= ========= ========= ==========
Net loss per share--basic and
diluted $ (0.13) $ (0.13) $ (0.52) $ (0.62)
Weighted average shares
outstanding - basic and
diluted 142,747 136,850 139,692 134,719
The pro forma amounts have been adjusted to eliminate the following:
Amortization of deferred charges
and intangible assets $ 2,628 $ 2,848 $ 10,530 $ 11,392
Stock compensation 696 1,214 4,529 1,809
Restructuring charges (147) - (147) 14,726
Excess inventory and purchase
commitment charge - - - (1,885)
Net loss in accordance with
U.S. GAAP $(21,568) $(21,686) $(87,288) $(109,966)
TRANSMETA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
Dec. 26, Dec. 27,
2003 2002
--------- ---------
Assets
Current assets
Cash and short-term investments $120,765 $129,450
Accounts receivable, net 1,914 4,060
Inventories 8,796 10,937
Prepaid and other current assets 3,671 4,722
--------- ---------
Total current assets 135,146 149,169
Property and equipment, net 5,305 9,574
Other assets 31,334 38,812
--------- ---------
Total assets $171,785 $197,555
========= =========
Liabilities and Stockholders` Equity
Current liabilities
Accounts payable and other current liabilities $ 11,996 $ 13,722
Current portion of accrued restructuring costs 1,667 2,549
Current portion of long-term obligations 21,499 16,865
--------- ---------
Total current liabilities 35,162 33,136
Long-term accrued restructuring costs 4,501 5,456
Long-term payables 356 18,116
Stockholders` equity 131,766 140,847
--------- ---------
Total liabilities and stockholders` equity $171,785 $197,555
========= =========
*T
Transmeta Corporation S. Olav Carlsen, 408-919-3000 or Mozes
Communications LLC Kristine Mozes, 781-652-8875
© Business Wire, 2004 - 01/15/2004 04:07 PM
DANKE!
Wie erwartet Keine Überraschung!
Thread: INTEL,AMD- - -Achtung :Transmeta wird der lachende dritte sein!!!
Thread: INTEL,AMD- - -Achtung :Transmeta wird der lachende dritte sein!!!
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