Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 89.89

+2.5%

3:02 PM EST

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To: Timothy Liu who wrote (14515)	1/28/1999 5:15:00 PM
From: CarlY	Read Replies (2) of 93625

I called the company's shareholder committee this morning and talked to a director. Very disappointed! She said the SH meeting will be business as usual: 10 minutes status intro, followed by Q&A. The whole meeting could be over in 30 minutes. When I asked whether the company is going to address the recent stock price slide, she said everything will be as usual and the company has no control of what outside thinks. She was obviously not happy when I reminded her that the ONLY mission of a publicly traded company is to maximize shareholder's equity. She responded me with:"yeah, but we got a business to run." As a business major, I am very shocked with her answer. If the goal of a publicly traded company is not to maximize shareholder's equity, I will have serious doubt about the management. Could someone attending the meeting raise the issue about this "company's goal" and see how they answer. If I were to attend(too bad I am at east coast), I'd actually quote the her answer and ask for the company's comments. -carl

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