SANTA CLARA. Calif.—(BUSINESS WIRE)—August 15. 2007—Transmeta Corporation (NASDAQ: ) today announced that itsBoard of Directors has approved a reverse split of Transmeta's commonstock at a ratio of one-for-20 shares to act effect on Friday,August 17. 2007. At its annual meeting of stockholders held on July 31. 2007,Transmeta received stockholder approval of a proposal authorizing theTransmeta come in of Directors in its discretion to effect a reversesplit of Transmeta's common stock at a ratio within the range fromone-for-10 to one-for-40 shares together with a correspondingreduction in the number of authorized shares of Transmeta's capitalstock at any measure prior to July 31. 2008. The change stock split ordain be effective at 8:00 a m.. EasternTime on August 17. 2007. Transmeta's common have ordain mouth tradingat that measure on a reverse split basis under the symbol "TMTAD," for aperiod of 20 trading days. Thereafter it ordain bear on trading underthe affiliate's original symbol "TMTA." The reverse split ordain decrease the be of outstanding shares ofTransmeta's common have from approximately 200 million shares toapproximately 10 million shares. No fractional shares ordain be issuedin connection with the change stock split. Cash will be issued inlieu of fractional shares. The exercise price and the be of sharesof common stock issuable under the Company's outstanding warrants andoptions will be proportionately adjusted to reflect the change stocksplit. The be of shares issuable upon conversion of Transmeta'sSeries B preferred have and issuable under the affiliate's equityincentive plans ordain be proportionately reduced to reflect the reversestock split. Additional information about the change have change integrity isavailable in Transmeta's definitive proxy statement filed with theSecurities and transfer equip on June 29. 2007. Existing stockholders holding Transmeta common stock certificateswill acquire a earn of Transmittal from the affiliate's transferagent with specific instructions regarding the transfer of shares. Mellon Investor Services LLC is Transmeta's assign agent and willact as the exchange agent for the purpose of implementing the exchangeof have certificates in connection with the change change integrity. About Transmeta Corporation Transmeta Corporation develops and licenses innovative computing,microprocessor and semiconductor technologies and related intellectualproperty. Founded in 1995 we first became known for designing,developing and selling our highly efficient x86-compatiblesoftware-based microprocessors which deliver a balance of low powerconsumption high performance low be and small size suited fordiverse computing platforms. We are presently focused on developingand licensing our advanced power management technologies forcontrolling leakage and increasing power efficiency in semiconductorand computing devices and in licensing our computing andmicroprocessor technologies to other companies. To learn more aboutTransmeta visit www transmeta com. Safe Harbor Statement This channel contains forward-looking statements made pursuant tothe safe harbor provisions of the Private Securities Litigation ReformAct of 1995. Such statements communicate only as of the go out of thisrelease and we will not necessarily provide updates of ourprojections or other forward-looking statements. Investors arecautioned that such forward-looking statements are affect to manyrisks and uncertainties and may differ materially or adversely fromour actual results or future events. Important risk factors that couldhave material or adverse effects on our results include practicaldifficulties in implementing our restructuring intend and modifying ourbusiness model the potential loss of key technical and businesspersonnel our ability to satisfy the continued listing requirementsof the Nasdaq have merchandise uncertainty about the adoption and marketacceptance of our technology offerings by current and potentialcustomers and licensees our inability to guess or ensure that thirdparties ordain license our technologies or use our technologies togenerate royalties difficulties in developing our technologies in atimely and be effective manner the risk that we have difficultiesentering into strategic collaborations or raising financing onsatisfactory terms patents and other intellectual property rights,and other assay factors. We urge investors to review our filings withthe Securities and Exchange equip including our most recentreports on Forms 10-K. 10-Q and 8-K which exposit these and otherimportant risk factors that could have an adverse cause on ourresults. We initiate no obligation to rewrite or update publicly anyforward-looking statement for any reason. Transmeta and LongRun2 are trademarks of Transmeta Corporation. All other product or function names mentioned herein are the trademarksof their respective owners.
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