Transmeta announced that Lester M. Crudele has been appointed president and chief executive officer, effective February 1, 2007. He will replacing Arthur L. Swift, who will continue as the Company's president and chief executive officer during the interim period. Mr. Crudele has served on Transmeta's board of directors since June 2005, and has evaluated the Company's business opportunities and potential projects as a management consultant since October of 2006. He will also continue to serve on the board of directors. Crudele has 30 years experience with companies in the semiconductor industry. He began his career at Motorola, where he was chief architect for several Motorola MC 68000-series microprocessors and served in a variety of management positions, most recently returning to Motorola in 1990 and serving as vice president and general manager of its RISC Microprocessor Division from 1991 to 1997. Crudele also worked for Compaq, Quantum Effect Devices (until QED was acquired by PMC-Sierra in 2000), Banderacom, Quickfilter Technologies, and Mips.