Rim Semiconductor Company (fka RSMI)

[Twister]

excel. . .


YP)
My comments are....Buy the rumor sell the news has been a market standby for years. We've gone up how many days in a row?
You don't see this as a factor?

MP)I don't consider any rumor about Cooper to have been a factor for the dramatic SP increase. I am unclear as to what other rumor you may be referring.

The PPS increase was extreme and a correction of sorts at some time was to be expected. That is why announcing news during this unstable 'bubble' was inappropriate. A study climb in SP is much desired over a temporary feeding frenzy. There was no urgent immediacy for this release with a June 1, 2002 time frame. (more on this later)

As to when and how severe the necessary correction might be, I believe the most relevant factor to have been the effectiveness of Elite to actually attract and sustain a new flow of qualified investors to this disruptive technology. To not have expected dramatic results would indicate poor judgement by management for the allocation of scarce resources for this venture at this time.

YP)
You say at towards the end of your comments the presentation was poor. Okay. Tell us how it should have been announced?
I have seen NV make plenty of mistakes. But I can not understand how the way they presented CEO change today could have been handled differently to effect shareprice.

MP)Continued from my above response. Since they determined they would delay the effective date of action until June 1, 2002, they had ample time to manage the event. Speak to the future event as being desired by all and attainable near term. One suggestion would have been to use today as a grooming exercise before the actual coming announcement.

This could have taken many forms, such as 'negotiations' with Cooper toward that end are currently underway, with all parties expecting prompt resolution of the matter. Throw in the kind comments by Ray while reciting Coopers' credentials as a proven commodity with a record of success in this field.

Add how Ray looks forward to working with Cooper during this expected transition period to maximize ongoing efforts by the development team. . . and then how he will be able to focus his talents on the final preparations and negotiations for the release of the film Liquid.

Cap it off with Coopers' comments about this technology, the stupendous supporting cast and that's about a wrap.

Some positive heart-felt emotion would be a good thing too, while explaining the orderly transition likely in the future, desired by all and being on track. There was undoubtedly something about the off-white papers or even additional info about the film, patents or website the company could have announced and then folded this information into at this time, IF it had to be done now. But we all know that this could have waited. We have the time. The bubble need not have exploded. This news could have been applied at that time as a repair kit. ORDER and METHOD IS ESSENTIAL when you replace a CEO.

Then that begs the question of why wait till June if we can use him today? If progress has ramped up with recent efforts and things are developing so fast. . . Why wait so long? But, back to this issue.

Perhaps the best example of effective presentation that comes to mind was this recent response. This PART of the reply hits the mark and says more than the actual words. Smooth it over a little bit and this is the kind of depth and feeling we need to expect from a release.

EDITED

Posted by: WHP03
In reply to: None Date: 2/27/2002 6:35:17 PM
Post # of 3034

Email from JH in response to my brief comments to him earlier in the day (below). Posted with JH's approval.
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Tom is connected on a first name basis with all of the manufacturers and telcos that we could ever hope to do business with. He is a horse the industry and investment banks will bet on. His daily participation could be the most important move we have ever made or could ever make. Time will reveal his value. Much of what he brings to the table can't be discussed, because his presence portends imminent events. (notice that choice of words). He is a proven commodity and retired wealthy when the two companies merged. He doesn't need a job but has taken on this opportunity with a vengeance. At Virata he was the driving force behind their success, was the first employee, has worked with Dr. Greaves from the beginning, ran the company while the CEO was on the road with the dog and pony show. When you get acquainted with him you will be impressed with his knowledge, presence and with the respect he has earned within the industry. Without elaboration, a Divine contact.

John
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Good luck, Twister


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