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Transmeta Changes Executive Structure
Date: Friday March 02, 2001
Category: Press Release
Manufacturer Link: Transmeta Discus -- BBS
David Ditzel, co-founder and original CEO, has assumed the role of vice chairman and CTO. Mark K. Allen, the company's president and COO, has been named as Transmeta's chief executive officer.
 

Transmeta Announces New Executive Structure
  
    SANTA CLARA, Calif.--March 1, 2001--Transmeta Corp. (Nasdaq:TMTA), which develops and sells energy-efficient Crusoe microprocessors, today announced that David R. Ditzel, the company's co-founder and original chief executive officer, has assumed the role of vice chairman and chief technology officer. Mark K. Allen, the company's president and chief operating officer, has been named as Transmeta's chief executive officer. Allen will continue to serve as the company's president and Allen and Ditzel will continue as members of Transmeta's Board of Directors.
    "I am extremely proud of the progress Transmeta has made over the last six years from the start-up stage to a company shipping Crusoe microprocessors to major OEM customers," said David R. Ditzel. "From our first product announcement in January 2000 to one of the most successful IPOs of last year, Transmeta has achieved our original vision. Now, as Transmeta is poised for growth, I intend to increase my focus on our future product strategy and technology development."
    Allen has been the company's president and chief operating officer since January of 2000. He has brought to Transmeta more than 20 years of experience in successfully managing operations for leading semiconductor companies, including executive positions at NVIDIA, Inc., C-Cube Microsystems and Cypress Semiconductor. Allen is also on the Board of Directors of the Fabless Semiconductor Association.
    "Transmeta's Crusoe technology has received tremendous support from the mobile marketplace and we believe this new structure will better support a broad range of new customers and continued market success," said Transmeta Chairman Murray A. Goldman. "Throughout his career, Mark Allen has demonstrated an ability to create successful companies by leveraging great product development into revenue driven businesses."

    About Transmeta

    Transmeta is a publicly traded company located in Santa Clara. 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.
    To learn more about Transmeta, or the Crusoe Smart Processor, visit our website at www.transmeta.com.

    This release contains projections and other forward-looking statements regarding future events or future financial performance of the company that involve risks and uncertainties. Investors are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Risks and uncertainties that may have material effects on future events and our future performance include 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 customer's systems using our products, the growth of emerging markets that we are addressing, our customer concentration, our dependence on third parties for sourcing materials and providing manufacturing services, competition, rapid technological change, the cyclical nature of the semiconductor market and general economic conditions. We urge investors to review our regular filings with the Securities and Exchange Commission, including specifically our recent Form S-1 Registration Statement, which identifies and describes these and other important risk factors that could cause our actual results to differ from those contained in these forward-looking statements.

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   07 / 17 / 2019 | 6:19AM
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