Transmeta shareholder Riley Investment sells 161,152 shares

By Lisa Kerner

Charlotte, N.C., Dec. 19 - A group of Transmeta Corp. investors led by Riley Investment Management, LLC sold 161,152 shares of the company's stock, keeping a 6.1% ownership interest.

According to a schedule 13D/A filed with the Securities and Exchange Commission, the shares were sold between Dec. 11 and Dec. 18 at prices from $17.8414 to $17.9065 each.

Riley sold 264,889 shares between Nov. 25 and Dec. 10 priced from $17.40 to $18.06 each, a prior SEC filing said.

The investors beneficially own 739,095 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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