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Are we with Kramer today...if so what is the agenda?
TJ,
We seem to always have Rambus management cashing in their stock options around earnings time. Seems to me the ONLY logical thing to do is delay the news. That way management can cash in prior to the stock potentially tanking on bad news???????
stratertele...naaaa give me a Les Paul... :)
Odds AT is schedued in 2007?
Please post your thoughts...
Source: Business Wire
"Rambus and Spansion Sign Patent License Agreement"
Rambus Inc. (Nasdaq:RMBS), one of the world's premier technology
licensing companies specializing in high-speed chip interfaces
and Spansion Inc. (Nasdaq:SPSN), the world's largest pure-play
provider of Flash memory solutions, announced today that they
have signed a patent license agreement. This five-year,
royalty-based agreement grants Spansion a license to a broad
range of Rambus patents. Rambus management does not expect
revenue generated from this license agreement to be material.
Specific terms of the agreement are confidential. ...
TJ,
I missed the other info you posted...no big surprise at this point. Those options I'll bet will never be corrected.
What a fiasco...on so many levels!
OT--Do we have any SNDK followers?
Do you expect a rally due to the Las Vegas Consumer Electronics Show and related SNDK product announcements?
Rambus Amends Option To Sr Legal Adviser >RMBS
6:50 PM EST January 5, 2007
DOW JONES NEWSWIRES
Rambus Inc. (RMBS) said Friday that it has increased the exercise price in two stock option agreements with John Danforth, the company's senior legal adviser.
The options agreements were dated Oct. 8, 2001, the company said in a Securities and Exchange Commission filing. The exercise price was raised to $11.72 a share from $8 for outstanding, unexercised options to buy 59,445 shares of Rambus common stock held by Danforth, the filing said.
Rambus, of Los Altos, Calif., is a technology licensing company that specializes in inventing and designing high-speed chip interfaces. Danforth was Rambus's general counsel from 2001 to July 2006 and is now senior legal adviser.
Danforth's modified grants are among options the company initially concluded were not fully and formally approved on the stated grant dates by the company board's compensation committee, Friday's SEC filing said.
The grants to Danforth were dated Oct. 8, 2001, his initial employment date. However, Rambus has now concluded that the two grants weren't approved by the compensation panel until eight days later, according to the filing.
The filing said the modifications don't assume and shouldn't be read to imply that Rambus has reached any determination with respect to fault, or made any final determination regarding its stock option investigation.
Rambus shares closed Friday at $19.17 each, down 33 cents.
-Greg Wright, Dow Jones Newswires; 202-862-3546; gregory.wright@dowjones.com
(END) Dow Jones Newswires
01-05-07 1849ET
Copyright (c) 2007 Dow Jones & Company, Inc.
After reporting their indiscretions....will there be a tanking in share price, a relief rally, or both? Who knows, right!!!
I think this is OK to copy and post:
The Loss of our Founder
A message from Rick Currin President Fredhager.com
12/31/06
Fred Hager the founder and Chairman of Fredhager.com passed away this week. Fred died of a heart attack while enjoying one of his favorite pastimes. Fred was an avid skier since his earliest days. On Fred’s final day he was surrounded by family and grandchildren as he headed to the ski slopes.
Fred began publishing the Long Term Value Quarterly in 1986. Initially he published the technology letter for a small number of institutions and high net worth individuals. The financial newsletter later evolved to become Fredhager.com which is published weekly for individual investors as well as the initial clientele.
As Chairman and founder of Fredhager.com, Fred had already turned over the day-to-day research operations of the newsletter, though he still was quite active in the investing goals and adhering to the investing strategy. As President of Fredhager.com for the past two plus years I have worked closely with Fred to maintain his investment philosophy and strategy in Fredhager.com as we transitioned to the 21st century. The Fredhager.com newsletter will remain with the same strategy guided by Fred’s lasting mentorship, legacy, and investment philosophy.
Though 2006 turned out to be a challenging year, we remain confident in the outlook of our strategy and investments including some exciting new ones in 2007. With the changes that have already taken place in the letter, and guided by Fred’s legacy, you will continue to experience the same newsletter. Fred will be deeply missed by the Hager Technology Team.
Rick Currin
President Fredhager.com
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
...and if 2007/2008 brings the perfect storm...it will be sad he is not here to share our glory!
RIP Fred...
I know...I have found nothing does anymore...a bit jaded at this point. Oh well...still here though, still longer than ever!
So many reasons...so little time...
NASDAQ Grants Rambus Additional Filing Extension
LOS ALTOS, Calif., Nov 21, 2006 (BUSINESS WIRE) -- Rambus Inc. (NASDAQ:RMBS) today announced that, on November 20, 2006, the Listings Qualification Panel of The Nasdaq Stock Market, Inc. ("NASDAQ") granted Rambus' request for an extension to file its Form 10-Qs for the quarters ended June 30, 2006 and September 30, 2006. Pursuant to the extension, Rambus' common stock will continue to be listed on the Nasdaq Global Select Market subject to the filing of above referenced financial statements by February 9, 2007.
The extension was granted based on Rambus' requests to the Listings Qualification Panel of the NASDAQ Stock Market on September 21, 2006 and November 17, 2006. On November 15, 2006, Rambus received a NASDAQ staff determination letter resulting from the delay in the Company's filing of its Form 10-Q for the quarter ended September 30, 2006, indicating that the Company failed to comply with the filing requirements for continued listing set forth in Marketplace Rule 4310(c)(14), and that its securities are, therefore, subject to delisting from the Nasdaq Global Select Market. Rambus had previously received a NASDAQ staff determination letter resulting from the delay in the Company's filing of its Form 10-Q for the quarter ended June 30, 2006 indicating that the Company failed to comply with the filing requirements for continued listing.
As previously announced, the Audit Committee of the Rambus Board of Directors is currently conducting an independent investigation to review the Company's historical stock option granting practices and related accounting. The Company has previously disclosed that it would not be able to file its Form 10-Q for the period ending September 30, 2006 on time while the investigation is ongoing. The Audit Committee is making every effort to complete its investigation, and the Company will make every effort to file its restated financial reports as soon as practicable after the completion of the investigation.
Forward-Looking Statements
This release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 relating to the Company's financial restatements and the audit committee's independent investigation. Such forward-looking statements are based on current expectations, estimates and projections, management's beliefs, and certain assumptions made by the Company's management, and there can be no assurance concerning the timing of financial restatements, their adequacy for continued listing on NASDAQ, or the outcome of the audit committee's independent investigation. Actual results may differ materially. Our business generally is subject to a number of risks which are described in our SEC filings including our 10-K and 10-Qs. We undertake no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
About Rambus Inc.
Rambus is one of the world's premier technology licensing companies specializing in the invention and design of high-speed chip interfaces. Additional information is available at www.rambus.com.
RMBSFN
SOURCE: Rambus Inc.
Lolo and TJ,
Very Kewl indeed...thank you.
With 1 GB of GDDR3...and PCI Express
AMD Introduces World's First Dedicated Enterprise Stream Processor
12:01 AM EST November 14, 2006
At the Supercomputing 2006 show today, AMD (NYSE: AMD) introduced the world's first dedicated stream processor designed to meet the specific hardware demands of high-performance computing (HPC) applications. Engineered specifically for compute-only systems such as workstations and servers, the AMD Stream Processor(TM) makes use of AMD's new thin hardware interface called CTM(TM) to drive substantial performance gains in areas such as financial analysis, seismic migration analysis, and life sciences research, among others.
Stream computing leverages sophisticated massively parallel processors generally used to calculate and render millions of pixels onto computer monitors, hundreds of times each second for 3D graphics applications. Stream computing harnesses that tremendous processing power for a wide range of scientific, business and consumer computing applications, providing organizations the ability to process incredible amounts of information in significantly less time.(1) The AMD Stream Processor is the first hardware of its kind dedicated to addressing stream computing problems in the enterprise space.
Using professional-grade technology derived from AMD's Graphics Product Group, the AMD Stream Processor is a PCI Express-based add-in board designed with higher memory densities than any consumer graphics card - a full 1 GB of GDDR3 memory for stream computing applications. The processor also features HPC-optimized memory performance designed to best handle unique stream computing problem sets. The AMD Stream Processor also includes broad operating system support for server implementations; full-service, enterprise-class technical support; and a limited three-year warranty. The AMD Stream Processor is available now from distributors.
Leading hardware platform providers, including GraphStream Inc., PANTA Systems, and Rackable Systems, also introduced new stream servers to the market today. Stream servers make use of the new AMD Stream Processor to deliver enterprise-class performance for the HPC and enterprise markets in industry standard form factors.
"AMD stream computing represents a bold, new direction for high performance computing," said Tom Barton, CEO of Rackable Systems. "By leveraging the AMD Stream Processor, Rackable Systems will be able to deliver a new class of stream servers in familiar form factors that maximize performance and reduce costs. We are excited by the prospects of using stream computing to create application-specific platforms that offer improved price/performance."
"Stream computing is in line with our Torrenza initiative, delivering on AMD's vision for co-processing and open innovation," said Marty Seyer, senior vice president, Computational Product Group, AMD. "AMD recognizes that HPC applications have specific hardware demands not met by standard, off-the-shelf graphics products. The AMD Stream Processor has been designed to address the HPC market with higher memory densities and HPC-optimized memory performance. The AMD Stream Processor embodies the perfect platform to run today's stream computing applications."
For more information about the AMD Stream Processor, visit http://ati.amd.com. For more information on AMD's new thin hardware interface called CTM please see the relevant press release.
OT...WHAT HAPPEN TO ERES TODAY?
<<<Cell is great. Will even be enough to get to even $50 in 2009 at is its current implementation rate? Will it still be considered to be a sidebar memory type like Rdram?>>>
We don't know how much Rambus is being paid on XDR for Cell. In fact, don't we have "no idea" at this point? I would like to think Rambus is getting a fair shake...but that defies any logic in his saga.
Sorry for the negativity...en-lighten me if you can!
TJ,
That was not the post...but a BIG thank you for ALL your contributions herein. The subject post was less detailed and pretty recent.
BBMA57LP
There was a post a few weeks ago that summed up all the timelines/delays for the various trials...can someone repost it if you can recall the post with ease...yes I looked at dozens of posts and could not find it last night?
From having enought after tax profit to pay my mortgage off twice this year...to 1/5 of my mortgage...I'm burning in purgatory for the time being. Thank you IHUB posters for staying abreast of current events. I check in from time to time...still hoping the bus will ride again...hopefuly while I have substantial an investment to profit enough to at least pay my mortgage one time.
Re: Delay in Options News
Uncertainty breeds fear, fear breeds weak hands...if Rambus is as sleazy and uncaring about their shareholders as they are demonstrated to be...this is just more Rambus sleazy, uncaring bull excrement. But, they again...
"Commercializing the new technology may not happen before the end of the decade,..."
So let's say it occurs "beginning" in the year 2015...we should still have a good run.
Source: Business Wire
"Rambus to Discuss Trends and Developments in High-Speed
Interface Technologies at Denali MemCon San Jose 2006"
Rambus Inc. (Nasdaq:RMBS): Rambus Demos and Displays -- XDR(TM)
memory architecture, a differential memory system
solution with data rates ranging from 3.2-8.0 GHz. Technology
demonstration at 3.2Gbps data rate with FlexPhase(TM)
circuit technology calibration and Octal Data Rate (ODR)
read/write operation. ...
This has been my belief for many months...I say it is the acquisition HH talked about.
How about a little help on critical dates (I will organize and repost if I receive some feedback:
1) September 28th Intel Developers Forum
2) DDR II Trial Whyte -- Date????? (pending judgment on arbitration filed by Sammy -- is this correct)
3) MU Trial Jordan -- Date?????
4) AT Trial -- pending ???
5) FTC Dates --
a) FTC to provide Remedy date???
b) Rambus response date???
c) Other dates????
6) New pre-Phase III Hyfix schedule:
a) 16 Oct: Motions due from Hynix on FTC decision findings they want brought in, and from both parties on the new prima facie authority.
b) 28 Nov: Opposition briefs due
c) 20 Dec: Reply briefs due
d) 12 Jan: Hearing before HJW
7) Regarding jury trial issue from fraud argument:
a) 5 Jan: Motions
b) 19 Jan: Opposition briefs
c) 26 Jan: Reply briefs
d) 9 Feb: Hearing before HJW
OTHER IMPORTANT DATES???
I have had the absolute pleasure of two days in court during phase II with the THJW. If we stand a chance...it is with him. He is the consumate professional, thoughtful, fair, an intellect of the order required to see this through in a manner all longs would hope for. JMHO
CMC
Rambus 2 suits
Hyfix 6 suits
Ramboids 5-6
1) A new Hynix attorney Ruby may have scheduling difficulties that may delay Phase 3 to July.
2) Stone wants to introduce new evidence to block the FTC from infecting the Hynix trial, he will file briefs.
3) There are several dates for case mgt conferences between now and Feb to be scheduled.
4) Rambus is filing briefs as to why Hynix should be paying for royalties for Eugene OR production exported out of the USA.
Hyfix is having a cow on this one!! Ha
You should have heard my rant last night to my poor wife that had to listen to me. What bull shit...pardon moi.
Here bone:
REQUEST FOR ADMISSION NO. 50:
Admit that on or about October 12, 1992, JEDEC 42.3 subcommittee chairman
Jim Townsend circulated to various JEDEC representatives an article from the October
1992 issue of IEEE Spectrum magazine entitled “Don’t Lose Your Patent Rights,” which
article stated in part as follows:
“KEEP IT UNDER YOUR HAT. In the United States, if an
invention is publicly disclosed more than one year before a
patent application is filed, one is not entitled to the patent –
the invention is considered to be in the public domain.
* * *
883150.1 -9-
Moreover, premature disclosure can severely jeopardize non-
U.S. rights. While the inventor may enjoy a one-year grace
period in the United States, many countries – including
Belgium, Greece, Great Britain, Spain and Taiwan – require
absolute novelty. Any disclosure before the filing of a patent
application will bar rights to a patent.”
From msaba on IV:
The 4.25% rate is ONLY the rate that JW set for PAST infringement of Hynix DDR products sold in the US. Period. It is NOT any other “thing”, e.g. it is not 1% on WW sales or “equivalent” to that, it is NOT a royalty rate for future sales, etc. . .
JW can only impose a rate on PRIOR infringement of products sold in the US. He can also impose an injunction on future sales, and production. The rate for future sales will be set in a licensing agreement, which may be capped by the FTC if Rambus agrees to the terms of the FTC or loses an appeal of the FTC’s final order.
JW is NOT playing games with, talking to, sending a message to, or shaking his finger at the FTC. He only wants to give Hynix the opportunity to present their case regarding what to include and bring into the record from the FTC opinion. Then he will rule on that. He gave them a limited period of time, albeit long, and ordered them to put up a bond. The bond serves the purpose of saying: “ you want to delay, you pay”. This will be somewhat like the spoliation hearing.
I’m not familiar with the FTC rules, neither have I read the post about their rules. My question is: Must Rambus tell the FTC that an arbitrator, a special master, or an ALJ can set the remedy? That would be accepting that a “remedy” is due!
The notion that “great, now Rambus can say: OK, the CALJ said 5% is reasonable, or that JW said 4.25%” is wrong. The 5% and the 4.25% are based on “no deception”, or “no misconduct”. Whoever decides the “remedy” will be bound by the FTC’s opinion that Rambus was “deceptive”. Forget those numbers.
It is almost certain, IMO, that Rambus will appeal the FTC’s final order, once we have it. The order, which will put an upper limit on the royalty rate that Rambus can ask, will not take effect unless and until a US Federal Court of Appeals upholds the FTC final order. Very unlikely.
The members of felonious cartel will find it difficult to settle with Rambus at rates higher than what the FTC may attempt to impose. Rambus should not, IMO, settle at rates acceptable to the FTC. Hence the parties will remain far apart, until the court of appeals rules on the FTC order,
OR:
1 - We win phase III, and an injunction is imposed by JW and is not stayed by him or ordered stayed by the CAFC. The time frame for that is almost a year away: win phase III in, say, April 2007, move for an injunction (a couple of months), fail to have it stayed (another couple of months).
2 – The AT trial date becomes a month or two away. This may happen before an un-stayed injunction is finally in place.
It is possible, of course, that a member of the cartel decides to break ranks with the rest, coupled with Rambus getting impatient with all the delays, and we get an earlier settlement.
So, if the cartel wants to go all the way to the bitter end, we may see a resolution some time next summer, provided we win phase III, and a get an injunction and have it not stayed, and/or have an AT trial date sometime next summer or earlier.
The key to a bright future remains: winning phase III. Then the FTC is truly irrelevant.
Regarding the options backdating: Despite having occupied ourselves with that problem for most of the last three or four months, we will soon realize that we just wasted a lot of time, energy and emotion. In a matter of weeks now, we will get the results of the investigation, and most likely it will prove to be a minor and passing problem.
If we don't have industrywide settlement by Feb 2007...I think the Tyrell Corporation will be using XDRx's successor before we have a conclusion to this insane saga.
Corrected Link:
http://www.ftc.gov/os/adjpro/d9302/060802rambusorder.pdf
Off IV, is this true?
"RMBS Volume is being generated because of the potential D listing. Firms and broker houses cannot maintain their stock position because of their fund regs.. They are transferring their position to an account that can trade company's with potential D listing. In esscence their selling to themselves."
Excellent Graph...it shows small price movement with VERY LARGE volume? This stock moves 5 points in a wink and a nod...
What is this about????????????
DITTO
" I just couldn't pull the trigger to buy today. Shit!! "
Rambus won by proving infringement, Hynix won by utilizing the cartel's power via the FTC (Guido), Rambus will settle for much less, FTC imposed rates, Stockholders are losers/Bag holders again...(Win, Win, Lose)
With no litigation expenses for all these IP wars, and 0.5 SDRAM, 2% DDR, 2.5% DDRx...can we earn $2.00 Per Share....with a 25-30 multiple = $50-60 PPS.
"The Court has expressed its view that the Commission's decision has increased the potential for a resolution of this case and the several other litigations between Rambus and various DRAM manufacturers," said Robert Kramer, acting general counsel at Rambus. "We are hopeful that such an industry-wide resolution can be achieved and we will continue to work toward that end. In the event this case proceeds to trial, we expect to demonstrate to the Court that the Commission's findings should not be given prima facie weight."
This case was originally filed by Hynix against Rambus in August 2000 seeking declaratory judgments that certain Rambus patents are invalid and not infringed. Earlier this year, all ten of ten patent claims presented to a jury in the case were found to be valid and infringed, and Rambus was awarded damages."
Why the change...to bring the parties closer to settlement, or???
"For reasons of which the court is not privy (all court sponsored settlement discussions have been referred to another judicial officer), the parties to date have apparently not come close to settlement."
I have no educational or DD ability to verify the various statutes that Perry refers to...I have to rely on the eloquent flowing logic of rebuttal across lines of debate throughout, on behalf of Rambus.
I have to believe that Perry is NOT the one blowing smoke up JW behind. Hynie...I believe is cooked!!!
PAGE 3 OF RAMBUS RESPONSE BEGINNING AT LINE 7 IS REALLY GOOD...