Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 106.06

-0.8%

3:59 PM EST

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To: GVTucker who wrote (55638)	9/28/2000 10:50:14 PM
From: blake_paterson	Read Replies (2) of 93625

"It is a cost current shareholders bore because RMBS had to issue that incentive to another party to help RMBS' technology." Wrong again, GV tucker. You couldn't be more duplicitous: rambus.com They accelerated the recognition of employee stock option charges, that's all. Are you and scum now going to argue that it is bad for start-ups to issue options to employees? "Excluding acquisition-related costs and one-time employee compensation expenses, second quarter diluted earnings per share were $0.15, up 88% from $0.08 in the same period last year and an increase of 50% from $0.10 in the previous quarter....Acquisition-related costs in the second quarter consisted of $230,000 of amortization of goodwill and other intangibles associated with the purchase late last year of a company developing the SerDes cell for networking applications recently announced by Rambus as part of an expansion of the Company's high bandwidth chip connection activities. Also in the second quarter, Rambus recorded a one-time charge of $171 million associated with the vesting of certain employee options and Common Stock Equivalents (CSEs). This is a non-cash charge, except for a $1.2 million payment for payroll taxes. As previously disclosed in its Form 10-Q for the first fiscal quarter of 2000, the Company granted all its employees performance-based options and CSEs which vest based on the achievement of key indicators of success for Rambus. In order to tie rewards to employees closer to an increase in stockholder value, vesting for one portion of the options and CSEs was made contingent on an increase in the price of Rambus common stock to greater than $200 per share for 30 consecutive days. This target was achieved by the end of March 2000, and resulted in the one-time $171 million charge to earnings in the second quarter. Exercise of the options and CSEs by employees will result in a positive cash flow to the Company. The additional options and CSEs will increase diluted weighted average shares outstanding by about 2%." BP

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