By Ron Coates, 6 November 2000 17:00
NEWS The flotation could also bring an end to the tech stock slump that has hit Wall Street over the past few weeks. Last month, more companies postponed IPOs than went ahead and when news broke last week that IBM had rejected Transmeta's Crusoe chip for its laptops, analysts believed Transmeta would join the growing list of non-starters. However, on Friday, it's bankers boosted the price range from $11 to 13 per share to $16 to $18. Now the talk on the Street is that Transmeta's shares could boom tomorrow. Although IBM has rejected the Crusoe chip, Fujitsu, Hitachi and Sony have all signed up to use it in laptop and wireless appliances.
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