I heard an interesting story more than two (or was it 3?) years ago.
The gist is that Intel, in their quarterly travelling roadmap review meetings suddenly brought up rambus support to several graphics manufacturers. What was interesting was that this came out of left field, and if the hosts were supportive, the Intel reps would smile and pledge design resources to help get the memory controller working, but IF the hosts were non-commital, there would be a brutal comment to either get on the bus or get left behind and be buried (or something like that --- the story gets blurred in multiple retelling). It's also interesting that noone in the PC graphics world actually went along. Curious.
It was interesting story, don't know if it is true, but I chuckled when I read that some Intel spokesman said that Intel is agnostic about memory and has only been interested in selling CPUs all along.
Unless of course, these meetings are just part of the Urban Myth and half-truths that permeate this landscape. Which doesn't really say much, since we all buy and sell stocks on perception, regardless of truth. :)
If I were to take a stab at evaluating RMBS true worth now, I'd have to figure out what the income from licensing of SDR, DDR and all variants is going to be like. There could be more manufacturers who will fold and sign on, but if all this were to come to pass, then
1. What is the total revenue assuming everybody (yes, even MU) signs?
2. Is the patent(s) iron-clad and insurmountable? Can someone get around them somehow. In many cases, it may not be possible to do so if the patent is written well.
In any case, there should be some opportunities at rallies as each new deal is signed, which means that as long as there are no way to design around the rmbs patent(s), then we can do a quick projected P/R for RMBS, and decide if this is undervalued or not.
Anyone want to do the honors?
SbH. |
