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Politics : Formerly About Advanced Micro Devices
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To: Paul Engel who wrote (76101)10/19/1999 6:49:00 PM
From: Bilow  Read Replies (1) of 1582853
 
Hi Paul Engel; The terms of the Rambus warrant that Intel holds is that it isn't exercisable until a certain percentage of Intel chip sets go with RDRAM. (Or something like that.) So dropping RDRAM would, in fact, make the warrants worthless.

The warrants are struck at $10 per share, but that isn't why they would be worthless.

-- Carl
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