|
 is  ! Kann mir irgendjemand eine Interpretation geben?
Transmeta Reports Fourth Quarter and Fiscal 2006 ResultsSANTA CLARA, CA. – February 27, 2007 – Transmeta Corporation (NASDAQ: TMTA) today announced financial results for the fourth quarter and fiscal year ended December 31, 2006. Revenue for 2006 was $48.6 million, compared with $72.7 million in 2005. The decrease in revenue between 2005 and 2006 was primarily due to the anticipated reduction in the Company's end-of-life product revenue. License and service revenue was $46.9 million in 2006, which was comparable to $48.1 million in 2005. Net loss for 2006 was $23.5 million, or a loss of $0.12 per share, compared with a net loss of $6.2 million, or a loss of $0.03 per share in 2005. Revenue for the fourth quarter of 2006 was $2.4 million, which included $2.2 million of service revenue and $200,000 of end-of-life product revenue. This compared with $13.3 million in the fourth quarter of 2005, which included $10.1 million of service revenue and $3.2 million of end-of-life product revenue. Net loss for the fourth quarter of 2006 was $15.9 million, or a loss of $0.08 per share, compared with a net loss of $2.1 million, or a loss of $0.01 per share, in the fourth quarter of 2005. The fourth quarter of 2006 results included fixed assets and other assets impairment and restructuring charges totaling $1.2 million due to the Company's recent restructuring, as well as non-cash charges of $1.7 million for amortization of intangible assets and $1.4 million for stock-based compensation expenses. Gross margin for the fourth quarter of 2006 was a negative 45 percent, compared with gross margin of 47 percent in the fourth quarter of 2005. The decrease in gross margin was due primarily to an inventory write down of $1.8 million for inventory built in anticipation of a ramp in demand from the Microsoft FlexGo program. The Company's cash, cash equivalents and short term investments at December 31, 2006 totaled $41.6 million. The Company continues to be debt free. "Overall, 2006 was a year of successful program execution for Transmeta. We signed Toshiba, the fourth largest semiconductor supplier in the world, as the fourth licensee of our LongRun2 technologies; we developed and built a customized processor for Microsoft's FlexGo program; and we successfully completed multiple engineering services programs for Sony;" said Les Crudele, president and CEO. "Despite these accomplishments by our team, we did not succeed in signing a second LongRun2 licensee within the year, and our other programs experienced some significant disappointments in the marketplace. Notably, Microsoft's FlexGo program did not ramp as quickly as projected, and Sony's internal roadmap decisions reduced its need for engineering services. In view of these challenges, we initiated a restructuring program to reduce our spending and focus our resources on developing and licensing our technologies and intellectual property. Over the long term, our goal is to build a company that is financially stable with a steady and consistent revenue stream, sustainable profitability, and positive cash flow."
|
Thread abonnieren
Kann es sein das Transi weitermacht und wie ein Phönix aus der Asche steigt??
