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Silicon Valley semiconductor company Transmeta has put itself up for sale. The Santa Clara, Calif.-based chip designer hired investment bank Piper Jaffray in early 2008 to assist it in exploring options. The Transmeta board ultimately decided a sale of the company was the best strategy. Piper Jaffray will head up the effort to find a buyer. In after-hours trading, Transmeta stock was up nearly 20 percent, trading at about $16 per share.

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Transmeta Embarks on Hunt for Suitor

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This entry was posted on Thursday, September 25th, 2008 at 10:47 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.