Update on Transmeta (TMTA)

On September 18, 2008, I wrote that Transmeta was a potential takeover target:

If you're looking for a growth story, this isn't it; however, as long as its patent portfolio remains viable, TMTA may be a potential takeover target or value play at the right price.

http://willworkforjustice.blogspot.com/2008/09/transmeta-tmta-shareholder-meeting.html

On November 18, 2008, Novafora acquired Transmeta:

http://biz.yahoo.com/ap/081117/novafora_acquisition.html

This appears to be a good outcome for Transmeta. Kudos to the Board of Directors and to the officers for selling the company in a professional, transparent manner.