On January 30 RMTR appears to have given up the fight for a $2 share price. It would seem that the subsequent decline was largely market related, but the RFID news at TI of the same date must have been a very good "cover story" for anyone who needed one after the Q4 earnings release and CC:
In 2006, when Texas Instruments sold its Sensors and Controls business to Bain Capital for $3 billion, the semiconductor company retained its RFID business—which had been part of that group—and split it into two units. The unit that sold RFID products to the automotive industry was incorporated into TI's Advanced Embedded Control group, while the unit that produced tags and interrogators for livestock, asset tracking and other applications became a standalone division.
TI is now bringing the two segments back together, Zeidler says, under its existing Advanced Embedded Control group, thereby eliminating several jobs in the Dallas location. The company's RFID business, she says, will now be supported by a much smaller team based in Freising, Germany.
Texas Instruments has also ceased its RFID research and development efforts in government ID applications, such as e-passports. This decision, Zeidler says, was made due to the current economic situation, and because TI has no customer base in the market and could, therefore, eliminate related R&D without impacting customers.
rfidjournal.com
It's extremely difficult to believe that RMTR actually looks upon the assumption of the ferro-RFID R&D costs from TI as the "break out" product line first referenced in the 2nd half of 2008. Yet... the comments at the most recent CC seem to suggest as much.
There are of course a number of questions... both about TI's cost cutting and RMTR's product development... which the foregoing leaves unanswered. The pending loan negotiations will answer a few but fortunately... we hope... time will eventually resolve them all.
Of greater concern to me are the questions raised by the related deal with IBM to fab FRAM at 180nm for... "us." On the one hand it's certainly understandable that IBM would want to make good use of the aging excess capacity of it's Vermont fab. And since "we"... apparently... still receive only 250nm (or 350nm?) wafers from Fujitsu, the IBM production will indeed be a cost effective benefit to RMTR.
But still one must never forget to examine that... "other hand."
And at present I see precious little sitting there. RMTR at its all time low? "Break out" products and IBM fabs? And yet the MoMo's and Math-0-Magicians of Wall Street could barely support trade volume of 250k for the last 4 days. My... my... my...
Questions indeed... but you'll have to come up with your own. I myself am trying to get back in the flow... of "time" I mean. It looks like we're about to resolve at least a 750k+ share week... possibly over 1M should RMTR announce the terms of a beneficial loan arrangement. Either way February is going out on a "juicy" week in Colorado Springs.
The BIG Question of course is the B/D ratio of that "juice." Considering the overall market... I'm guessing we'll get a fairly even match no better than 40% Blood and 60% Dribble... but no worse than 55% Blood and 45% Dribble. Nothing to write home about... but definitely enough to set a bottom and finish the month over the $1.00 Mendoza line.
Then again... I haven't seen nearly as much "Blood" in the streets as I would have imagined considering the financial fraud that you hairy apes have managed to achieve. I mean... honestly now. Does anyone... other than a thief or a cretin... really believe that the Chicago Board Of Trade could even pretend to be a voice of ethical political economy for this nation? Just exactly who do we think paid off Mr & Mrs P. Graham to deregulate the futures trading biz back in the "good old days" of repugnant Republicanism?
It is going to be one long hot summer in the city...
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