Shortly after months
with Intel, Transmeta finally took its ungraceful bow out
of the CPU business, but apparently AMD sees something within the company worth investing in. Yesterday, AMD
announced that it would be investing $7.5 million in Transmeta in exchange for Transmeta preferred stock, a move that was eloquently dubbed "a strategic investment in the future of Transmeta." Les Crudele, president and CEO of Transmeta
, was quoted as saying that his firm looked forward to "continuing its collaboration with AMD on technology initiatives in the future," and AMD returned the lip service favor by boasting about how vital Transmeta was in bringing its AMD64
technology to market. Aw, how touching.