Rim Semiconductor Company (fka RSMI)

[Hound]

ChipsNW:

If you read the filings you will note that $395,000 was given to e-silicon and an additional $500,000 is necessary to complete the ASSP.

Sales would cure all. The question remains as why there has not been any. I have not seen any convincing arguments on this board that the company's PR and president's letter which state 40 and 40+ Mbps at 5500' feet was not actually achieved as reported. 3X better than ADSL2 and VDSL2 does not work at all at that distance.

Rim Semi is clearly out of money from one look at the balance sheet and the share price is almost zero. The market does not give them any credit for having a DSL chip which they claim is "best in class".

My point is that it is still at least possible that the business goals at at least one or two major telcos will make it required to save the company. I have no idea what is holding up orders but somebody could still decide that 40 Mbps at 5500 feet is just too compelling to pass up. If deployed on shorter loops one can only guess that the speed is much higher.

All IMO and to be clear, the shares could more easily go to zero before they ever see $1.