Rambus (RMBS)

[Skeptic]

I agree with TJ (I'm about to put words in your mouth ;>), Harold Hughes should be counting beans and counting his lucky stars not holding interviews. I think Poor Bloke is right, and I think Harry is a bumbling idiot. I will take back every word I've said if and when Rambus re-signs Intel. I've seen a lot of bravado from Harry and now a lot of sap. I want to see some consistency and charisma. Harry doesn't impress me as a fearless leader; he looks like he should be trying out for Revenge of the Nerds V.

It's a sad commentary on Rambus that its greatests stengths are its OUTSIDE counsel and technology invented decades ago. If Rambus some day truly succeeds (QCOM style), it will be in spite of executive mgmt, surely not because of them. If it were not for the resounding victory against Hynix, I would be voting with my feet.

This is how much confidence the executives at Rambus have in their future success. Since the win against Hynix, we have the following:

o PATEL SAMIR 0 0 VP Sell 04/27/2006 40,000 $39.28 85,898 $1,571,200
o DONNELLY KEVIN 0 8 VP Sell 04/28/2006 60,000 $38.71 28,042 $2,322,600
FARMWALD MIKE 0 0 D Sell 04/28/2006 25,000 $40.02 2,780,936 $1,000,500
o STARK LAURA 0 0 VP Sell 04/28/2006 60,000 $38.71 33,251 $2,322,600

7 million worth of options grants.

And can't we fire Laura Stark and Kevin Donnelly already? Those two have exercised over 11 million in options in the last year alone! What value do they add? Let's make some cost cutting moves and can them and bring on board some guys who will work for a fraction of the cost and probably bring more experience and some fresh insight.


I'm hoping that the AGM is a wake-up call for Mgmt, but my skeptical nature says that the Ramboids will be VERY LUCKY to garner 30% of the shares in dissent.