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Politics : RAMTRONIAN's Cache Inn
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To: Jonas who wrote (5350)5/2/1998 8:04:00 PM
From: Trenton A. Scott  Read Replies (3) of 14464
 
You may be just a tad crazy, considering RMTR has never earned a dime in net profit! In fact, RMTR is very adept at losing considerable amounts of money, even breaking poor Oren Benton's back a few years ago. That ugly balance sheet is getting uglier. What to do when management is faced with an unwavering string of operating losses? What to do when National Semiconductor thinks *it* owns U.S. patent rights on key FRAM technology? What to do when every year brings new "alliance partners" that only deliver "samples." What to do when every year these new partners seem to make very little difference (5.8 million in 1997) to bottom-line revenue? What good are partners that ship little and pay even less? Could those so-called partners actually be playing a waiting game? (Can you say "How much do you want for FRAM and EDRAM Patent Rights in Japanese?) What does management do when sales and margins continue to slip, and when annual revenues don't cover two-thirds of expenses? Answer: Each year management finds *more* speculators to buy even more freshly fabricated RMTR stock, diluting it faster than President Clinton can hire defense lawyers. How many more years will Sikes convince enough people to give him money to make it through yet another year of losses?

Despite these dismal facts, every year David Sikes restates his "belief in a model for sustainable profitability will emerge." To me, the only thing that has "emerged" is the realization that Sikes and his cohorts are raking in nice sums of compensation *and* enjoying a very fine lifestyle in Colorado Springs (Picture them taking lots of three-day weekends to Aspen in their BMWs.), while "running" a company that "emerges" nothing but losses for everyone else.

Regards,
Trenton.
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