Transmeta shares jump in IPO, while vendors evaluate chip

www.computerworld.com |  Hardware

IBM also has a financial interest in Transmeta; it produces Crusoe chips under contract in its facilities. Transmeta agreed to pay IBM $38 million over the next four years in their licensing deal, and fixed the conversion rate of a convertible promissory note issued to IBM at 1.2 million shares of its common stock.

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