SANTA CLARA, Calif.--Transmeta Corp. today named a former executive from Cirrus Logic Inc. as its new chief executive officer, replacing industry veteran Murray A. Goldman, who temporarily took over the CEO post last fall to help stabilize the struggling microprocessor supplier (see Oct. 16 story).
Matthew R. Perry, 39, becomes the latest CEO and president of Transmeta, while Goldman, 64, remains as chairman of the Santa Clara-based company. Perry also replaces Hugh Barnes, 56, as president of Transmeta. Barnes will continue as a director on Transmeta's board.
Perry joins Transmeta from Cirrus Logic in Austin, Tex., where he has served as vice president and a general manager from April 1998 until recently. While at Cirrus Logic, Perry managed the company's Embedded Processor Division, the Crystal Semiconductor Product Division, and Optical Product Division. Prior to joining Cirrus, Perry held management positions at Advanced Micro Devices Inc. and Motorola Inc.
After a high-flying start several years ago, Transmeta has been struggling in the x86-compatible processor arena. The company reported a net loss of $49.7 million on revenues of just $1.5 million in the fourth quarter last year. Revenues sequentially plunged 70% from the prior quarter in Q4 (see Jan. 17 story). The company blamed its poor results on several factors, including delays with its 0.13-micron Crusoe processor lines.