Rambus (RMBS)

[Threejack]

Judge Whyte Releases Hynix Escrow Account

The hits just keep coming.

http://www.scribd.com/doc/91286018/Escrow

A preponderance of recent events, legal and otherwise, is crushing the share price. It may very well make a new all time low.

Best case Whyte is signaling there will be no remand decision any time soon. Worst case, the signal is Rambus will incur a substantial penalty for spoliation. In either case, it is clear Judge Whyte could care less about the impact of his delay on the short-term prospects of Rambus.

Imagine morale at Menlo Park Headquarters and throughout the other Rambus locations is at an all time low creating conditions ripe for key employee turnover. Headhunters must be circling top Rambus talent like buzzards over road kill.

Rambus is a ship adrift in turbulent waters. The BOD needs to hire a strong CEO soon or put the company up for sale to salvage some shareholder value.

Just my opinion.