Rambus (RMBS)

[Skeptic]

The market is not reacting too much to the news and when I read it, I was kind of like - no big deal. I think the pursual of a Virginia venue is a dead- end for Sammie. Payne is sick of Rambus - he expressed his interest in shipping the whole case to the West Coast with IFX. Furthermore, there should be a ruling out of Whyte fairly soon on spoliation - if Whyte truly plays by the book, he will take direction from the Supreme Court and dismiss any notion of spoliation especially seeing how they recovered gigabytes of data - what was destroyed? Their document retention far exceeds that of most companies.
Sammie wants a ruling of unenforcability and invalidity because of fraud and spoliation - no fraud says the CAFC and if Whyte says no spoliation then what?

Sammie is just trying to get a better deal for themselves - who can blame them? I really think Rambus and Samsung will come to an understanding before it goes to court and I think Sammie will get a deal that is almost as good as IFX's but still more than they were paying Rambus on a flat fee. Danforth's and Sammie's public statements are blatant in their amiable content.

The other interesting development is the return of NicdaGreek - I agreed with his initial pessimistic assesment but now I think he is on an agenda inspired by his position in the stock and one can no longer rely on his experience and objectivity. His posts seem less rational and consistent although I am definitely the pot calling the kettle black here.

One last thing on VA - I thought that old codger Payne was retiring? He is another example of why we need term limits for judges. The old "wait until they die" model put forth by our founding fathers was fine when the average male only lived until 55 (or less). Some of today's justices are too senile to realize they should have stepped down 10 years ago.

Here's to Bobby Payne's health!!!!