via [HtP]: Former Compaq execs to launch server company

TWO FORMER EXECUTIVES of Compaq on Tuesday will announce they have formed a new server company that will use alternative processor technology to introduce fresh competition into the already fierce high-density server market....

The company's new line of servers, code named "ICE," will utilize a low-power processor from Santa Clara, Calif.-based Transmeta, makers of the revolutionary Crusoe chip, sources said.