Rambus (RMBS)

[Skeptic]

09/08/2005 35 Covenant Not to Sue filed by Rambus Inc. (kste, ) (Entered: 09/08/2005)

This says just enough to get the imagination running wild - is it possible that Rambus had some "covenant" with Samsung in the past and that the honorable Judge Robert Payne wanted a copy and this is nothing more than Rambus submitting the "covenant" to his honor? Or maybe in order for Payne to agree to punt this to CA, Rambus had to agree not to sue Samsung in a VA court (like they would anyway).
I've been beaten up so much on this stock that I won't believe there's good news till Rambus issues a press release.
I think Heinrich has discovered the reason for the run-up yesterday. It is speculation based on the skimpy headline which leads one to believe, at first blush, that a settlement is in the works.
I still can't see Samsung buying Rambus - the only reason I think this is a remote possibility is "maximus painintheassus" factor which states that Rambus management must do all in its power to screw the shareholders.
As I postulated yesterday, I would expect a buyout (if any) in the 16-17 range which is crumbs compared to Rambus potential.
What has changed over the last few weeks that would convince Samsung to settle more on Rambus' terms or to even take it out? Maybe Payne did punt and Sammie didn't like the way things were heading?
I am going to be the sucker this morning and buy some more calls - maybe some Jan 2006's...

I agree with Mike about not settling with Micron on principle BUT Rambus will never get more than peanuts from them anyway because of its political clout, its amnesty, and its lap dog, the FTC. I say settle with Micron, get the FTC out of our hair and exact the pound of flesh from Samsung and Hynix. I'm sure we can convince our protectionist government (DOJ) to help us persecute those slimy Korean manufacturers. (I don't really believe this last statement).