Carl,
Strong feelings can eat you up if you let them take over your life. I know some of these people were not very pleasant to you in the past, and it probably feels good to be vindicated.
However, there are other things and other stocks besides this guy here.
Why not just be happy that you called it right, and move on?
I think that there is something interesting in the idea of rambus itself. Personally, I don't think it is suitable as a general purpose memory where sparse random access is the norm. I think there are still niche markets it can go after, but the short term pain will probably be quite deep.
Yahoo says they have 138M of cash, so they are trading at around 8x-9x cash now, which might be a concern, but even if they repaid the SDR/DDR royalties and get only drdram royalties, at the adjusted burn rates (ex ddr/sdr royalties), they should be able to last at least 2(?) yrs right?
I assume that raising money now via a secondary or bondsis not an option for them in this climate.
Do you see a scenario where the above does not apply? There is no indication of other companies suing for damages in other states is there?
The 350K is a limit in VA for fraud damages, other states have similar limits. There should be an upper bound on how much rmbs have to pay if similar lawsuits were launched in other states by other players. I can't see this total exceeding their total cash, so they shouldn't run out of money that quickly.
Based on the above, I don't see a path where they will be out of business in the next 12 months.
But I've been wrong before.
SbH |
