Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 124.49

+7.6%

3:59 PM EST

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To: Zeev Hed who wrote (30606)	9/24/1999 10:17:00 PM
From: Ian@SI	Read Replies (1) of 93625

Zeev, Ensure that you read all the footnotes, all the time. In order to show a 2¢ profit rather than a 2¢ loss for the quarter immediately preceding IPO, RMBS CFO changed accounting policy for 1 royalty payment to immediately recognize all of it as revenue rather than to recognize the revenue over the 4 year development period envisioned at the time of the payment. That unnecessary cooking of the books turned me off big time. I haven't wasted much time with this company since. In any case, I don't see RMBS disappearing from the face of the earth. Withering perhaps. Relegated to niches, almost certainly. Possibly a take out candidate once it comes back down to Earth. But I don't see it capturing 50% or more of the memory market ever. I don't see it coming anywhere close. I repeat: A penguin doomed to freeze its butt on an ice floe. FWIW, Ian.

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