Appointment Of Semiconductor Industry Veteran Expands And Strengthens Transmeta's Board
Update: Intellectual Ventures has acquired Transmeta Patent Portfolio on Jan. 28, 2009
Robert V. Dickinson Brings More than 30 Years of Industry ExperienceSANTA CLARA, CA. - May 19, 2005 - Transmeta Corporation (NASDAQ: TMTA), the leader in efficient computing technologies, today announced that a semiconductor veteran has joined Transmeta's board of directors. Mr. Robert V. Dickinson brings more than 30 years of related integrated circuit industry experience and will provide valuable insight during the next critical phase of the company's development. The company recently announced that it will deploy its innovative technologies and intellectual property through licensing, synergistic engineering services and customized processor development.
"I am very pleased to announce the appointment of this seasoned industry leader to our board of directors," said Murray A. Goldman, chairman of the board, Transmeta Corporation. "Bob's proven leadership and relevant experience in guiding companies through successful business transformations will be invaluable for Transmeta going forward. We are excited to leverage his contributions and insights in the next phase of our growth."
"I am delighted to be joining Transmeta's board at such an exciting time," commented Mr. Dickinson. "I look forward to working with the other board members to ensure that Transmeta's management team have the insight and guidance they need in order to continue executing their transformation plan."
Robert V. Dickinson has been president, chief executive officer, and a director of California Micro Devices Corporation since April 2001. From August 1999 to April 2001, he was vice president and general manager of the Optical Storage Division of Cirrus Logic, Inc., a semiconductor manufacturer, where, starting in 1992, he served in several other senior executive roles including president of its Japanese subsidiary. Previously, he held senior management positions at Western Digital Corporation, a semiconductor and disk drive manufacturer, from 1988 to 1992, following its acquisition of Verticom, Inc., where he served as president and chief executive officer, from 1987 to 1988. Mr. Dickinson has an A.B. from UC Berkeley and an M.S. from the University of Washington, both in physics. He was also a Sloan Fellow at the Stanford Graduate School of Business.
About Transmeta Corporation
Transmeta Corporation develops and licenses innovative computing, microprocessor and semiconductor technologies and related intellectual property. Founded in 1995, Transmeta first became known for designing, developing and selling its highly efficient x86-compatible software-based microprocessors, which deliver a balance of low power consumption, high performance, low cost and small size suited for diverse computing platforms. We also develop advanced power management technologies for controlling leakage and increasing power efficiency in semiconductor and computing devices. To learn more about Transmeta, visit www.transmeta.com.
Safe Harbor Statement
This release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements speak only as of the date of this release, and we will not necessarily provide updates of our projections or other forward-looking statements. Investors are cautioned that such forward-looking statements are subject to many risks and uncertainties, and may differ materially or adversely from our actual results or future events. Important risk factors that could have material or adverse effects on our results include general economic and political conditions, specific conditions and volatility in the markets that we address, difficulties or delays in implementing our restructuring plan, the potential loss of key technical and business personnel resulting from our restructuring plan, practical challenges in modifying our business model, the adoption and market acceptance of our products and technologies by current and potential customers and licensees, our inability to predict or ensure that third parties will license our technologies or use our technologies to generate royalties, the rescheduling or cancellation of significant customer orders, difficulties in developing or manufacturing our products in a timely and cost effective manner, our dependence on third parties for sourcing materials and providing manufacturing services, intense competition and competitive pressures, the ability to enter strategic collaborations or raise financing on satisfactory terms, patents and other intellectual property rights, and other risk factors. We urge investors to review our filings with the Securities and Exchange Commission, including our most recent reports on Forms 10-K and 10-Q, which describe these and other important risk factors that could have an adverse effect on our results. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.
Transmeta, Efficeon, LongRun2 and Crusoe are trademarks of Transmeta Corporation. All other product or service names mentioned herein are the trademarks of their respective owners.
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