Like a Phoenix rising from the ashes of a toxic silicon bonfire, Transmeta has turned in a profit. The former CPU designer posted record revenue of $24.7 million in 2Q 2005, and a net income of $6.8m. Transmeta also deferred $15.5 million worth of revenue.
Well, maybe Phoenix analogies are a little premature. It’s the first reporting period since the company restructured and abandoned the chip OEM business to concentrate on IP licensing.
Read the complete story. (The Register)