Tech
Transmeta replaces CEO--again
Chipmaker Transmeta on Tuesday shook up its management team for the second time this year, replacing Chief Executive Mark Allen after just seven months on the job.Allen, who replaced founder David Ditzel in March, will be succeeded by chairman Murray Goldman.
Chipmaker Transmeta on Tuesday shook up its management team for the second time this year, replacing Chief Executive Mark Allen after just seven months on the job.
Allen, who replaced founder David Ditzel in March, will be succeeded by chairman Murray Goldman. The company also named Hugh Barnes, a member of Transmeta's board, as its new president and chief operating officer--two positions that were vacant since Allen had assumed the CEO role.
Transmeta said in a statement that the board made the latest personnel changes after reviewing the company's recent performance. The Santa Clara, Calif.-based company reports earnings Thursday.
Earlier this month, Transmeta warned of lower-than-expected sales for its third quarter. The company is also having trouble getting a new Crusoe chip out the door. --Ian Fried, Special to ZDNet News