Weak 2Q guidance...
...left the share price vulnerable to investor flight. Looks like a $4 share price soon. Maybe not today, but soon.
Trying hard to find a reason to buy more at this price.
Morale at Rambus must be dismal.
Absent coma and an inability to hold a phone and speak a few sentences, failing to participate on yesterday's call, even if for no other reason than to make an appearance to explain his illness and to introduce Rishi as his stand-in for the call, is inexcusable for the CEO, even a short-timer.
At the annual meeting, someone credible among senior executives needs to make two quick, two minute presentations.
The first is for investors describing why anyone should invest in Rambus today.
The second two minute presentation should speak to employees about why work at Rambus.
I would like to hear these presentations. Any competent senior manager ought to be able to make either one. My choice would be Paul Kocher, President of CRI, a division of Rambus. He has no baggage, he recently sold his company to Rambus, and he and his CRI employees are heavily invested in Rambus's success.
Just my opinion.
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