Transmeta's Q3 revenue to fall far below estimates

Transmeta Corp. has warned that third-quarter revenue could be up to 50 percent lower than it had originally projected, blaming the shortfall on significant reductions in orders from Japanese companies.

The company lowered its third-quarter revenue forecast to US$5 million in a statement released Monday. Transmeta had originally estimated in July that its third-quarter revenue would be between $8.9 million and $10.5 million.

Transmeta has seen its Japanese customers -- which represent the bulk of Transmeta's business -- continue to reduce their chip orders "significantly" in the face of worsening economic conditions, the statement said.

Transmeta has delayed shipments of its Crusoe 5800 processor until the fourth quarter due to delays completing the 0.13-micron process qualification necessary for volume production, the statement said. Transmeta and Taiwan Semiconductor Manufacturing Corp. -- the contract chip maker that manufactures the Crusoe chips -- are working on the problem, it said.

Transmeta will release its third-quarter results on Oct. 18.

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