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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?


To: jetcityrandy who wrote (36551)1/14/2000 11:57:00 PM
From: Don Green  Respond to of 93625
 
Rambus offers Hyundai additional warrants???? to purchase stock
By Jack Robertson
Semiconductor Business News
(01/14/00, 06:23:37 PM EDT)

Don's comment ( I think this is same news story from Korean paper a few days ago, but not sure?) But was just on the SBN site???

MOUNTAIN VIEW, Calif.--Rambus Inc. here has offered Hyundai Electronics Industries Co. Ltd. special warrants to purchase an additional 30,000 shares of Rambus at $10 a piece if the South Korean company ships 10 million DRAMs based on Direct Rambus technology.

Hyundai already has warrants to buy 25,000 shares at the $10 price, a privilege that was transferred to the company when it acquired LG Semicon Co. Ltd. in 1999.

Samsung Electronics Co. Ltd. reportedly also has warrants to purchase Rambus stock at the heavily discounted price. Intel Corp., too, has warrants to buy 1 million shares, but hasn't yet achieved the milestones that would allow it to exercise its purchase rights, according to Rambus officials