Rim Semiconductor Company (fka RSMI)

[ElderWolf]

Here are a few more tidbits from the shareholders meeting compliments of porscha who got it from pengy who got it from the horse's mouth. WHEW!!!

- the media campaign is now underway. 400 media individuals will be contacted shortly.
- nv has already met with large companies and world leaders in financing.
-They have been working with the Gartner Group for quite some time now.
- we will hear of partnerships with telcos in the future.
- this tech has larger implications than just the last mile solution.
- First product will be 52 Mbs over 12,000 feet of copper.
-They can lower the speed and increase the distance.
-cross talk and interference issues will be the same as DSL. NO PROBLEM THERE.
- Their first product will go from fibre to a switching station/router etc. and then straight to the user. Not a lot of extra equipment needed.
- The first market to be targeted will be B2B. Then they will move into the residential arena, then the LAN's.
-They stated that NOBODY in the industry is even close to having the what they have.
-"unconstrained broadband network" is the quote Rich used to describe the technology and what it will develop into.
- Ray kept talking about and stressing how important the Caimbridge PR was. Said it gave them the credibility in the telcom industry they were looking for. Pengy said that Ray kept STRESSING how important that PR was.
- FOURTH QUARTER REVENUES HIGHLY EXPECTED BY EITHER PARTNERSHIPS OR UP FRONT MONEY FROM CONTRACTS. Pengy said John was ADAMANT about the probability of 4th quarter revenues.
-Nasdaq application will be fast tracked as soon as the price is at $4 for thirty days. There are not many companies applying now so Nas will run them through quickly.
-Four more patents applied for in march. They are domestic. They would not comment on the foreign patents.
-- They have done patent research back to 1930 and have found nothing to conflict with this technology.
-They have paid down long term debt from $3/4 million to $1/4 million in the last 30 days.