AMD sinks $7.5 million into Transmeta

Shortly after months of bickering 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.

[Via CNET]

[duber @ Jul 7th 2007 2:51PM]

Now you're in BIG trouble, Intel!

[MDB @ Jul 7th 2007 3:23PM]

If I see one more headline picture that is just two different pictures with a red heart in the middle, I'll vomit.

[Darwin @ Jul 8th 2007 2:10AM]

Aw, come on, what about a post with a boxing glove in the middle?
Woops, too late...

[brian2090 @ Jul 7th 2007 5:28PM]

I'd Heart To See That!

[tallfella @ Jul 7th 2007 10:37PM]

Transmeta is still around and relevant?