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Shares of Transmeta Corp. (Nasdaq:TMTA) are leaping today after the licensor of computing, microprocessor, and semiconductor technologies said that it has initiated a process to seek a potential sale of the company, with the assistance of its independent financial advisor Piper Jaffray.
Shares gained 20%, or $2.71, to $16.21 midday. For detailed price information and news stories on Transmeta, click TMTA.
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