Rambus (RMBS)

[Capital2L]

suprised no discussion of it here,

"2. On January 6, 2006, the Committee approved and the Registrant entered into an employment agreement (the "Agreement") with John Danforth, Senior Vice President and General Counsel of the Registrant. Pursuant to the terms of the Agreement, Mr. Danforth will be employed as a full-time employee during a period in which the Registrant and Mr. Danforth mutually agree and afterwards as a part-time employee through a subsequent twelve-month period. Mr. Danforth's base salary and annual target bonus will be set by the Registrant in its sole discretion and Mr. Danforth shall also be paid certain additional bonuses if and when certain triggering events relating to outcomes in certain litigation matters occur during the term of the Agreement. If Mr. Danforth's employment is involuntarily terminated prior to October 7, 2007 by the Registrant other than for "Cause" (as defined in the Agreement) or other than due to Mr. Danforth's death or "Disability" (as defined in the Agreement), then subject to Mr. Danforth entering into a release of claims in favor of the Registrant, Mr. Danforth shall receive severance from the Registrant which shall include certain salary and bonus payments and accelerated vesting of options to acquire shares of the Registrant's common stock. The Agreement will be filed with the Registrant's next periodic report on Form 10-K for the fiscal year ended December 31, 2005."

as you can see it appears our favorite Corporate Counsel appears to be heading into the sunset. for what its worth, i did talk to him at an event the other year and in my opinion he seemed to take the whole infringment issue as a personal crusade. he enjoyed it. for him to apparantly hang up his shingle at rambus, well it seems strange. i always pictured him with the bodies of draumi littered around his desk as floor mats, and tabrizi's head mounted above his desk.

so, i am guessing he feels his work here will be done in the next year. which would mean we are close.

this is only my opinion, based on a short conversation.
jmho,
cap

ps: i added leaps to my shares after i read this.

do not cross post to yazoo please.