Earlie
from the fools <LOL>
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Author: EvilDoctorSmith Number: of 43247
Subject: Re: At this moment 284 idiots on this board! Date: 6/16/01 12:37 PM
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Drsmith these recs are very nice compenstion for the money you lost in RMBS ..
Yep, I have lost a bunch of money on paper, a lot less in reality.
As far as I can tell, the fundamentals of my company have not changed, and I am a very disciplined investor. My take on the first legal proceedings is that they were very much mishandled, perhaps by both the Rambus team and the judge (I'm pretty sure about the judge).
So what has changed? Rambus lost in court. They appear to have a good shot on appeal, and they are doing well in Italy and expect to do better in Germany. They are beating the pants off DDR right now, Intel is still committed to RDRAM in a big way, Acer Labs is working on an RDRAM chipset, Samsung is making tons of money on RDRAM sales and ramping like mad, P4 is well on its way to becoming mainstream. There is a huge industry commitment to Rambus. SERDES is licensed to multiple companies, QRSL is on its way, and PC1200 is on the drawing boards. RDRAM is going to support 64 bit channels in the near future, not just 16. There is speculation that Rambus may have improved the design of DDR, which would give them some measure of control over that memory. RDRAM is currently in over 300 products, and the price recently broke the $60 per 128MB mark and is still headed lower, towards DDR prices. Recent estimates by people on this board say Rambus will make $1.40 per share next year (give or take), which is phenomenal growth in an economy that has turned down. 100% growth for the following year is entirely feasible.
So, to summarize the above: Rambus has done everything they said they would do, except win their first legal case.
This sent "investors" who did not understand the core business scurrying. Thus, we are now hovering just above $10 a share, when we should be looking at $50 or even $100 a share.
The stock price, in my opinion, does not reflect the value of the company at this time. It is not even close. So I will hold on to my shares and wait for the phoenix to rise from the ashes. Well, this phoenix was never really dead, was it?
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