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Skeptic

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Skeptic

Re: None

Thursday, 08/24/2006 10:19:17 AM

Thursday, August 24, 2006 10:19:17 AM

Post# of 17023
Fool me once, shame on you - fool me twice, shame on me. That's my feeling on Rambus. I'm always tempted to get a piece of the action when the stock starts to rally on strong volume, but I'm once bitten, twice shy here - buck fever - can't pull the trigger.

The media has me questioning my better judgment with headlines that insist that Rambus received a favorable ruling from Whyte. Delay is rarely good. I'm quite surprised that Whyte would give any deference to the hacks at the FTC.

Any settlement now would be at suboptimal, IFX-like terms - pennies on the dollar. I will have to revisit my calculations on any news, but it may be that 20 bucks a share becomes the new "fully valued" number for Rambus, not 60 as I had once proposed. I guess 20 from 14 is ok.

Good luck.
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