Transmeta Files For IPO

Richard Finney writes "Reuters News Sevice is reporting that Transmeta is filing for an IPO." They are looking to raise $200 million - the rest of the details are sketchy.Update: 08/17 09:59 PM by H :Check out the FreeEdgar filing.

Comments

Some Advice.

[istartedi]

1. If they do send "the letter", tear it up and throw it away.

2. Watch all the yuck-a-puck daytraders make the stock "pop".

3. Wait for the stock to settle down and pass the "lock-out" period.

4. After the lock-out you will likely have at least one or two opportunities to buy the stock for close to, or perhaps even less than the IPO price. At that point, decide for yourself whether or not the company has a future worth investing in. Be sure to base this decision on your knowledge of the market and the competition. In this case, that means knowing a lot about Intel, Motorola, Xilinx, and other chip manufacturers.

Another good thing about this approach is that you don't have to buy some minimum alottment or conform to any rules about when you take a profit. If you only want 50 shares, then that's all you have to buy. If the stock jumps on some analyst's recommendation, you can cash out without having to worry about being barred from future IPOs.

The real beauty of this stategy is that while all the other fools are riding over the IPO hill and crying their eyes out on Yahoo message boards, you can put your money someplace else where it will really work for you.

Of course, if you are a Type-A "I lost 20k yesterday and it doesn't bother me" cocaine snorting day-trader, you can ignore my advice. Don't blame me if this advice doesn't work for you, and don't blame me if you drop dead from a heart attack at 40 either.