Transmeta buyer closes its doors

Posted on Thursday, Aug 06 2009 @ 17:35 CEST by Thomas De Maesschalck
Bright Side of News reports Novafora has closed its doors, this is the company that bought Transmeta in late 2008.
Recently, we heard that Novafora buckled under financial pressure from its investors. The company that claimed to have a safe financial net with investors having more than 1.3 billion USD in the bank just ate too big of a cake. Allegedly, acquisition of Transmeta and the associated costs combined with the situation on the market were too great for a small company such as Novafora, and the company is closing its doors. We e-mailed Novafora representatives on their e-mail accounts and heard no response since. A week was more than enough time to respond, but now we are certain that the game is over at Novafora.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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