AMD buys $7.5 mln stake in Transmeta, shares rise

Iria · Jul 6, 2007, 05:18 PM

Source: Reuters
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BOSTON (Reuters) - No. 2 microprocessor maker Advanced Micro Devices Inc. invested $7.5 million for preferred stock in Transmeta Corp., the companies said on Friday, sending Transmeta shares up 32 percent.

Transmeta, which has previously partnered with AMD, focuses solely on developing semiconductor technologies for other companies.

Jul 6, 2007, 05:18 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	AMD buys $7.5 mln stake in Transmeta, shares rise Source: Reuters _______ BOSTON (Reuters) - No. 2 microprocessor maker Advanced Micro Devices Inc. invested $7.5 million for preferred stock in Transmeta Corp., the companies said on Friday, sending Transmeta shares up 32 percent. Transmeta, which has previously partnered with AMD, focuses solely on developing semiconductor technologies for other companies.