Transmeta Corp (TMTA.DL)

TSIF (98.80) Submitted: 12/29/2008 12:54:39 PM : Start Price: $17.74 TMTA.DL Score: -4.25

Nothing new here, coasting down on licensing fees that while substantial, will not keep the company ahead of it's once dynamic game. $21 per share in the bank and no debt woudld be a nice cushion for a company with only 35 full time employees, but the spike to it's 52 week high seems to have satisfied director Riley. He went buying below $13 through July, but has been selling nearly daily in November at $17. Doesn't seem impressed by the new attention the companies is getting. Ability to generate future cash flow, licensing that depends on volume that is weak right now, and no new "intellectual" property in the pipelline would make it seem that they are winding down shop. The question is will the $21 per share be a nice one time dividend that shareholders will get, or will it disappear into tiny bits.