MANHASSET, N.Y. Microprocessor IP supplier Transmeta Corp. posted a net loss of $2.1 million, or 1 cent per share on sales of $13.3 million in its fourth 2005 quarter ended December, compared with a loss of $28.1 million, or 15 cents per share on sales of $11.2 million in the year-ago quarter.
Transmeta (Santa Clara, Calif.) had projected fourth-quarter sales of $12 to $13 million.
For 2005, Transmeta posted a net loss of $6.2 million, or 3 cents per share on sales of $72.7 million, compared with a loss of $106.8 million, or 61 cents per share on sales of $29.4 million.
Transmeta’s cash, cash equivalents and short term investments at Dec. 31, 2005 totaled $56.5 million, which was $3.5 million ahead of prior guidance. In addition, the company paid its remaining $5.0 million debt to IBM in the fourth quarter of 2005, earlier than required by the agreement.
For 2006, Transmeta projects sales of $60.0 to $72.0 million, with a net loss of 6 to 9 cents per share.
In an unrelated development, Transmeta announced it would license its LongRun2 technologies for low power and leakage management to Japan-based Toshiba Corp.
The agreement enables Toshiba to use Transmeta’s LongRun2 technologies in the 90 through 22-nanometer CMOS process generations.