NetList Inc (NLST)

[DR. EVIL]

OK…

Here’s my quick synopsis of the meeting and major points discussed and questions asked.

Gail and a secretary were there.

I asked where Hong was. He had a deposition with Samsung. She stated at the end of the meeting that he had thought about canceling the deposition so he could make it to the meeting. We were all glad that he kept the keys moving forward by doing the deposition today.

My impressions of Gail were good. I can pick up bullshit pretty readily and I didn’t send anything in her actions, words or answers that suggested anything of that nature.

The meeting itself was pretty straightforward. I posted the meeting agenda and we voted on the two proposals. Proposal 1 was basically reelecting Hong as our soul Board of Directors member.

We also voted for the appointment of the public accounting firm.

Once the ballots were tallied, both proposals passed and the meeting was officially closed.

Then the floor was open to questions.

Questions were asked at random and that may result in some of This information being up a bit random. I apologize.

Netlist owns 100% of hybrid DIMMS. We are independently developing this technology. Don’t expect any product for 2 1/2 years.

Somebody asked about talks with western digital. Gail said that they are no talks with western digital going on currently.

Somebody asked if we pay for the materials on the SK deal. She said yes we purchase the materials from them at a preferred rate. Our profit margin is approximately 10%.

She projected $30 million a quarter from the SK deal. 120 million a year.

Someone asked about new hires. Five new hires in the past three months with 10 more hires projected before the end of the year.

She stated we are working on distribution partners currently. They recently hired an individual from SK to come on board and assist with recruiting distribution deals.

With regard to the “streaming guy” comment during the conference call. Gail stated that production of Netlist branded SSD for this streaming company will begin early next year.

Somebody asked if the company was considering bringing chips manufacturing in house. Gail stated “we’re thinking about it.”

Several folks asked about NASDAQ. The impression I got is that our CEO is happy with how things are. There is no timeline to uplift for the NASDAQ. I specifically asked that question.

With regard to another question I asked concerning the litigation and claim 16. Gail stated that our lawyers have a strategy to determine exactly how many Google components were using/are using the DDR4 for technology. They are confident that they have a means to obtain this number from google in discovery to help determine damages.

Gail suggested that everybody in the company is highly aware of how important claim 16 is to this entire process and they are very confident that claim 16 will be upheld from the beginning in 2009 without implementation of absolute intervening rights for Google.