Hi vc21; Yes, exactly. As I've stated before, if Rambus can collect royalties 2-3% royalties on DDR SDRAM, and higher royalties on controllers, then the stock is way undervalued at the current price. Way undervalued.
RDRAM is dead. (You guys will eventually figure this out, but you're slow, so it will take a while.) The real question is "Can RMBS get significant royalties from the industry for SDRAM and DDR SDRAM?" The problem is that those royalties depend on Rambus winning the various lawsuits going on right now. Last year one could argue that the memory makers that have already agreed to pay royalties will have to pay for 5 years (or however long), but since then, Rambus management has stated that the SDRAM (&c.) royalties depend on Rambus winning the patent lawsuits. And Rambus has not been looking too pretty in the court room this year.
If one only reads the Rambus briefs, or if one reads the memory maker briefs and assumes that Rambus is righteous, the trials look to be going okay. But if the trials are going okay, why is it that Rambus' dirty laundry got splashed all over the trade press? Rambus lost the ruling, aren't you interested in how they lost it?
To see how the trials are going, you have to read the interactions between Rambus lawyers, memory maker lawyers, and the various judges. Those interactions have been pretty much uniformly in favor of the memory makers:
Rambus vs Infineon: (Rambus lawyers threatened by the judge with sanctions, who goes on to say that their answers have been "risky") #reply-15378059
Rambus vs Micron: (Rambus is accused of deliberately delaying by both the Micron lawyers and the judge) #reply-15377566
Rambus vs Hyundai: (Rambus being investigated by FTC, their lawyers don't even know what day it is [LOL], told to "sit down" by the judge who then rules completely against them) #reply-15395912
These are just the US cases. God only knows what's happening to Rambus in foreign countries where they don't have the (supposed) home court advantage.
-- Carl |
