Transmeta stock getting killed today!!!

[jeffrey]

I doubt that anyone has a Crusoe here, but they are another cpu designer. Anyway, TMTA went public, but they had already issued shares to other companies before that. Some of these shares were locked-up for trading. They all became available for trading today and the stock openned trading today down 20%. AMD has been rumored in the past as a potential suitor of this company. I wonder if they are a little bit more interested now?



Anybody have a crusoe or thought about getting one?

 

[StageLeft]

I thought about getting one and was like, um no thanks

 

[jeffrey]

I'd at least like to see how their 256-bit Crusoe runs next year.

 

[Doggiedog]

The reason why is that there is a 15 million share lockup ending today and all the inside investors are dumping it.

Though I would have thought getting the Toshiba win would have propped it up some.

 

[ElFenix]

supply = demand and supply is much bigger today, so price drops. market cap should be the same.

 

[jeffrey]

<<The reason why is that there is a 15 million share lockup ending today>>


More like 100 million!! With this amount the drop could last for days.


&quot;Separately, Santa Clara, Calif.-based Transmeta shares shed a whopping 23 percent to $11.25 on volume of 8.3 million. The company confirmed that approximately 109 million shares of its stock, or about 85 percent of the shares outstanding, were released from lock-up restrictions over the weekend. The company made its stock debut in November 2000.&quot;

 

[Doggiedog]

I've heard only about 15% of the 100+ million are being unlocked today.

Not all 100+ million. That would be insane if that much was unlocked in one day.

 

[jeffrey]

If 15% is unlocked today and stock dives 20% I'd hate to be holding this one. The shorts are sure having one heck of a day though and if there is 85% left to go, then they have a bright future because Toshiba news was cleverly released today, but was met with little fanfare.

sp

 

[Doggiedog]

Well, they also released news regarding a win with at a new server company founded by ex-Compaq employees. I'm sure they had a feeling their stock was going to tank today. Too bad the news didn't do anything for them.

 

[jeffrey]

Was that server news announcement from today, or was it old? I can't seem to find it.

 

[Doggiedog]

Sorry Jeffrey, made a mistake about that news. I confused Transmeta with another company.

 

[jeffrey]

no problem. hope that you weren't holding.... for yourself or investors.

 

[Doggiedog]

Nope. Never liked TMTA. I'm an AMD guy