Rim Semiconductor Company (fka RSMI)

[Hound]

WHP:

I don't believe that the current management has raised $70MM. Doesn't the accumalated deficit date back to the inception of New Visual in 1985?

The tech was publicly endorsed by Telcordia via PR as being 40 to 100% better than existing VDSL2 12A and endorsed e-silicon (since they joined the IPSL SIG).

But, the company is undercapitalized and missed all stated deadlines.

They appear to have something viable to sell. The question is whether they will ever sell chips and achieve volume?

I do not know why a senior VP from Intel would get involved for stock options unless the tech is viable?? Options are worthless unless the company achieves success.

There is a growing market for IPTV worldwide that should require a solution if Rim Semi can ever get it together.