Transmeta shareholder Riley Investment sells 264,889 shares

By Lisa Kerner

Charlotte, N.C., Dec. 10 - A group of Transmeta Corp. investors led by Riley Investment Management, LLC sold 264,889 shares of the company's stock, keeping a 7.4% ownership interest.

According to a schedule 13D/A filed with the Securities and Exchange Commission, the shares were sold between Nov. 25 and Dec. 10 at prices from $17.40 to $18.06 each.

Riley sold 309,788 shares on Nov. 19 through Nov. 21 priced from $17.13 to $17.54 each, a prior SEC filing said.

The investors beneficially own 900,221 shares of the Santa Clara, Calif.-based company's outstanding stock.

Transmeta develops computing, microprocessor and semiconductor technologies and related intellectual property.

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