Zeev, Ralph Bloch was just on CNBC and he essentially was fairly bullish here. Talking about the inverse head and shoulders in the DOW and citing the lower volumes July to Aug to Oct lows and now lower volumes still, is a sign of quiet accumulation. His worst case scenario sees us testing 7200 and maybe a slight penetration to lower lows and then he sees a bullish outcome from there. Sounds similar to your forecast here. steve
FTC Judge Issues Rulings, Denies FTC Motion for Default Judgment Wednesday March 5, 12:33 pm ET Rambus will have opportunity to try case on its merits
LOS ALTOS, Calif.--(BUSINESS WIRE)--March 5, 2003--Rambus Inc. (Nasdaq:RMBS - News) today announced that the chief administrative law judge (ALJ) presiding over the proceeding initiated against Rambus by the FTC issued several orders last week. These orders included one denying the FTC complaint counsel's motion for default judgment, and instead creating certain "rebuttable presumptions" stemming from Rambus' 1998 documents retention program. "There have been many preliminary rulings in this case, and we expect many more prior to trial," said John Danforth, Rambus' senior vice president and general counsel. "We have been disappointed by some of the rulings, and pleased by others. Overall, we are pleased that Judge Timony concluded that this case should be decided on its merits and we expect, after all of the facts are presented, that Rambus will overcome any adverse rebuttable presumptions, if any survive to the beginning of trial, and will prevail on the merits."
Rambus has filed a motion for summary judgment based on several issues on which it believes the facts are not in dispute. Rambus' motion for summary judgment, along with last week's rulings, will soon be made available on the FTC's website, http://www.ftc.gov/os/adjpro/d9302/index.htm.
About Rambus Inc.
Rambus is a leading provider of chip-to-chip interface products and services. The company's breakthrough technology and engineering expertise have helped leading chip and system companies to solve their challenging interface problems and bring industry-leading products to market. Rambus' interface solutions can be found in hundreds of computing, consumer electronic and networking products. Additional information is available at www.rambus.com.
Note to Editors: Rambus is a registered trademark of Rambus Inc. Other trademarks that may be mentioned in this release are the intellectual property of their respective owners.
This press release contains forward-looking statements, including those relating to the ultimate outcome of litigation. Actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including adverse outcomes in various litigation matters.
-------------------------------------------------------------------------------- Contact: Rambus Linda Ashmore, 650/947-5411 lashmore@rambus.com or The Hoffman Agency Robin Owen, 408/975-3080 rowen@hoffman.com
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