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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 88.13+1.0%Nov 21 9:30 AM EST

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To: Mohamed Saba who wrote (37485)2/27/2000 9:40:00 AM
From: Mohamed Saba  Read Replies (1) of 93625
 
Two questions about short positions:

1 - RMBS has some 23 M shares. Some have borrowed about 9 M shares and sold them short. I take that to mean that there are about 32 M shares owned by long's. When Rambus, Inc. sends out proxy notices for voting in the shareholders meeting, I suppose they send proxies to cover only 23 M shares. If Rambus, Inc. decides to pay dividend, they will pay only for 23 M shares. So: who, of the owners of the 32 M shares, doesn't get to vote and doesn't get a dividend? My proxy had the correct number of shares that I owned at the time.

2 - What is the significance of knowing what the short position was some ten or eleven days after the fact? Specially, when we don't know at what prices those shares were shorted?

I appreciate the help.

Mohamed
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