Transmeta posted Q1 results in line with company expectations, as the company continues to trim its losses and boost its sales.

The company posted net revenue for its fiscal Q1, which ended on March 28, of $6 million, down slightly from the previous quarter’s $6.1 million, but a marked improvement year-on-year, from $4.1 million.

The company is still on track to ship its TM8000 processor in Q3

“We are in a transition period as our embedded designs begin to ramp and as mobile computing design activity shifts to our TM8000 processor. Customers are currently designing the TM8000 into fall 2003 models of Tablet PCs and small-screen notebooks, as well as evaluating it for spring 2004 models of 12- to 14-inch notebooks,” said Matthew R. Perry, president and CEO of Transmeta, in a statement. “We believe the embedded ramp and transition to the TM8000 will stimulate growth in the second half of the year; however, it is not likely to be sufficient to achieve our goal of profitability in the fourth quarter. We will continue to control our spending and closely monitor our revenue growth during the second half of the year, still driving toward a goal of profitability.”

“Feedback from customers on our TM8000 processor continues to be positive, and production remains on plan for the third quarter of this year,” Perry said. “Our TM8000 processor will increase computing efficiency through its advanced versions of our code morphing software and LongRun power and thermal management technologies and by executing up to eight instructions per clock.”

Q1 has seen a number of design wins for Transmeta’s ultra-low power processors, and penetration into the embedded space too.

By: DocMemory
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