Transmeta to float

But will the unconventional chip manufacturer sink or swim?

Silicon Valley microprocessor startup Transmeta has revealed it is planning a flotation, appointing Deutsche Banc Alex Brown and Morgan Stanley Dean Witter Wednesday to handle the process.

A date has not been set for the IPO. The event is however guaranteed to attract much attention because of the hype that has surrounded Transmeta's unconventional software-based microprocessor technology and the company's claims that it can revolutionise the field of mobile computing.

Transmeta's low-power processors are seen as coming into direct competition with Intel in the laptop PC market.

See Chips Central for daily hardware news, including an interactive timeline of AMD and Intel's upcoming product launches.

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