As part of its July 18, 2002 quarterly report, Crusoe processor maker Transmeta Corp. announced a reduction in its workforce of 200 people, or approximately 40 percent. The company's goal is to lower operating expenses to approximately $20 million per quarter beginning in the fourth quarter of 2002, and to reach profitability in the fourth quarter of 2003, according to the announcement.

Transmeta reports that net revenue for the quarter just completed was $7.5 million, an 82 percent increase over first quarter revenue of $4.1 million.

Since its inception in 2000, Transmeta, well known for having hired Linux originator Linus Torvalds, has been a strong supporter of Linux and has showcased many design wins in Linux-based systems and devices. The company founded and supported a special version of Linux for mobile devices, called Midori Linux. Midori Linux project leader Dan Quinlan was one of the casualties of the staff reduction, LinuxDevices.com has learned.

The company also said that it has decided not to productize the TM6000, but will work with customers to develop future system-on-a-chip processors that will address their design requirements. “Our flagship product, the TM5800, provides customers with the balance of long battery life, high performance and low cost that they require. We will continue to improve the features and capabilities of the TM5800, addressing evolving customer needs for next generation designs,” said Matthew R. Perry, Transmeta president and CEO.

 
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