Rim Semiconductor Company (fka RSMI)

[spokeshave]

427: Re: They have said both publicly and privately that they believe the FPGA will be completed this year.

Let's be honest. Thjey said the same thing for 2002, 2003, and 2004. The latest timeline is in the SB-2:

We estimate that we will complete by the end of the
second quarter of fiscal 2006 a beta version of the chipset...

That's the *only* official word on the FPGA timeline, despite what may be said privately.

Now, before you start rationalizing that the statement was just put in there for the SEC, consider the history. Additionally, the SEC wants to see the *truth* in its filings. I fail to see how you can maintain that the company is sandbagging the SEC. It makes no sense.