Volatility is higher than ever.
Tim will argue that recent events, while extreme, are not unprecedented. We can learn from history that innovation brings uncertainty and euphoria. It is part of the natural path of entrepreneurial capitalism. Despite Transmeta's phenomenal IPO, this analyst contends that its potential success is far lower than previously held. However, Transmeta just upped the price range for next week's scheduled offering and should not be thought of as a one-trick pony.