(Reuters) - The company has cut as many as 130 jobs in recent months and intends to focus on its intellectual property development and licensing business. As of March 31, Transmeta had about 65 employees, it said in a statement.
The company has ceased to pursue engineering services as a separate line of business, ceased its operations relating to microprocessor production support, and has exited the business of selling microprocessor products, as part of its restructuring efforts.
Read more at Reuters.com Mergers News
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