Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 87.20

-3.3%

3:59 PM EST

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To: Don Green who wrote (21537)	6/3/1999 12:56:00 AM
From: J_W	Read Replies (1) of 93625

Don, ... EN would like state that IBM and Rambus were given the opportunity to confirm or deny this story in the middle of last week and both declined to do so. Furthermore, neither IBM nor Rambus have contacted Electronic News to deny any portion of our story or to ask for a correction or clarification, despite repeated requests this week for them to do so. The reason is simple: the story is correct in word and fact, only the implications are up to interpretation. IBM and Rambus have decided to inject FUD into the market by accusing us of doing the same. They have declined to discuss the story point by point because it would result in the inevitable confirmation of the story unless they were disingenuous. So if nobody wants to respond, then the story must be true. How sad they call this journalism. There is nothing that requires Rambus or IBM to respond to any EN request. Without official confirmation/denial of the story from either company, EN did not have a story. If someone had advance knowledge the EN story was going to be released, and used that information to place trades, then I believe that would be a violation of the law. But I am no expert in that area. Maybe someone else could comment on that. I see this situation as being no different from that event a while back where some guy planted a false story on the Internet pertaining to a buyout of a company and used the story to his trading advantage. The first amendment allows freedom of expression and I support EN's right to publish whatever opinions they may have. But it does not allow yelling fire in a crowded theatre. I would venture to say that RMBS is a pretty crowded theatre. I wonder how many people sold shares at a loss Tuesday based on that story? I think this event should be investigated by the SEC. Jim

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