Rambus (RMBS)

[smd1234]

I think the issue for tomorrow, and the cause for speculation, is as follows:

=> You can expect Rambus to make their investment case at the analyst mtg of 2 hours tomorrow, plus Harold Hughes is on CNBC, presumably for the same purpose.

=> Tomorrow is Hughes' first CNBC appearance since becoming CEO; his former Intel colleagues will be listening b/c it is him (and not Tate), especially given . . .

=> NOV 2: Harold Hughes quote: "I have already assumed that the Intel contract is not renewed," Hughes at said at the Reuters Semiconductors Summit in San Francisco, "It doesn't bother me. We have more biz than we can manage right now." [MOST THOUGHT THIS WAS POSTURING W/ INTEL].

=> Recent Harold Hughes comment about multi-facet project for large (unnamed) customer

=> Although there was a B.Riley New York Investor Conference on Aug 11, 2005, tomorrow is the first "Rambus Analyst Day" since Nov 17, 2004, meaning it is the first since Hughes became CEO.

=> Presumably settlement discussions are either "planned" or "in progress." If they are "in progress" that is conceivably something he might mention tomorrow. (I admit VERY UNLIKELY)