Replies to post #10540 on Rambus (RMBS)

[lolo]

Where did the $103,000,000 come from?

The central tentpole of Mr. Dowd was apparently this number, which
he contrasted with a qcom number 3x the purported $103megabucs of rambus in the last 12 months, and then recited various annoying multiples of irrelevant metrics, all around the $103M... I didn't feel enlightened by the tirade.

I see grants of maybe 50meg (sharesxstrike). From whence did Mr. Dowd pluck the 9 figure number he quoted, and then reiterated loudly?

OK, I replayed it several more times. HH does indeed say the words you wrote, but the context was the summary of his view that employee options were mandatory in his impression. And it is just another way to say that an ongoing universal employee options plan is central to RMBS.

In my opinion, Mr. Dowd diluted his valid concerns
(about how to ensure that the new plan doesn't create more price distortions of the kind we saw when departing holders of old options were given a 'excercise or lose' choice)
by
commingling concerns about the legacy of 2001.



I spoke at length today with the 3 of the execs of rmbs. They're still a small company, not a Fortune 500 with polished execs who spout polished yet empty platitudes.
I see Hughes as coachable, established some relationship with him today, and intend to do some coaching. And yes, I think he can listen and learn.
LOLo