Rambus (RMBS)

[Threejack]

Convertible Bond Payment

Rambus said it will pay its bondholders the $172MM due 6/15/14 in cash from its $400MM cash and marketable securities.

Must expect solid future cash flow to use so much existing cash to payoff the bond next week.

Bullish sign and a testament to both the efficacy of their licensing business model and to the performance of Dr. Black and his leadership team.

JMO