Rim Semiconductor Company (fka RSMI)

[ElderWolf]

I spoke with John Howell today and asked about why the tech. is no longer referred to as the last mile solution. They do not refer to it as a last mile solution anymore because it is MUCH MUCH MORE than just that. The last mile solution is one of MANY applications. They are in the process of testing many applications at this time. This will take some time as the prototype must be reprogrammed each time they begin a new test of a different application. What they are doing now is making spec sheets FOR EACH POSSIBLE APPLICATION so that when they turn the prototype over to the teleco for carrier trials they have their proverbial crap together. They would look pretty ignorant if the teleco tested it for one thing, asked about other applications, and NV didn't have a clue. We want to be able to say..."you bet it can do that and here is the spec sheet. When and how many?" We're doing just fine people.

PS- John reiterated the fact that they just cannot cater their business plan to the investors. They have a choice. They can either try to give us what we want and risk giving away too much too soon or they can fly under the radar screen and have some of us ticked. I for one would be ticked if they took unnecessary risks with my money. I think we'll be sitting pretty by the second quarter of 2003 at the latest. Best, Elder.