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

To: Steve Lee who wrote (37744)	3/2/2000 1:33:00 PM
From: Mihaela	Read Replies (1) \| Respond to of 93625

Thursday March 2, 9:00 am Eastern Time Company Press Release SOURCE: Texas Instruments Incorporated Semiconductor Group Texas Instruments Announces Industry's First Direct Rambus Clock Generator Enabling Breakthrough Graphics Device Developed for Sony Computer Entertainment Inc.'s PlayStation(R)2 Provides Key Infrastructure Component for Rambus Technology DALLAS, March 2 /PRNewswire/ -- The industry's first clock generator device that enables ultra-fast, compact Direct Rambus© systems like Sony's Playstation©2 was introduced today by Texas Instruments (NYSE: TXN - news; TI). The new device was developed in conjunction with Rambus for use in high-speed video cards and other graphics applications, including PlayStation©2, a new computer entertainment system developed by Sony Computer Entertainment Inc. (SCEI). See ti.com. The CDCR61 is intended for embedded consumer and communications applications. With only 16-pins and use of an external crystal input, it is designed for smaller form factor embedded applications, while delivering quality clock signals to drive the Rambus memory system at up to 400 MegaHertz (MHz). Cutting-edge three-dimensional (3-D) games and multimedia applications require higher memory bandwidth than has traditionally been available in small computer systems. Direct Rambus technology addresses this problem by defining a high-speed interface between memory controllers and RDRAM©s. The TI CDCR61 provides the extremely precise high-frequency clock synchronization needed to make the Direct Rambus interface work. The device leverages TI's low-jitter, analog-scalable PLL technology for frequency multiplication, and it utilizes a precision differential 400 Mhz-output buffer to provide the signal for the Rambus Channel. ``Rambus technology is a natural fit with the next-generation needs of highly-integrated, high-performance, low-cost systems,' said Laura Fleming, vice president of Alliances and Infrastructure, Rambus. ``Now the industry can see the success of the Playstation©2, which uses Rambus technology supported by TI's CDCR61 to deliver superior memory performance.' Manufactured using an advanced CMOS process, the CDCR61 supports Direct Rambus operation at 300 and 400MHz. The device operates from two power supplies, one at 3.3 volt and the other at 1.8 volt. One differential output provides the clock, and a single-ended output is also available to supply half of the crystal frequency. ``Creating an extremely precise, high-frequency clock generator requires sophisticated analog design capabilities,' said Harry Davoody, vice president and Semiconductor Group manager, TI. ``TI was happy to put these capabilities to work for SCEI in developing the CDCR61. By leveraging our leading position in analog and mixed-signal design, together with our world-class manufacturing facilities, we were able to meet SCEI's aggressive schedule.' Available now from TI and its authorized distributors, the CDCR61 is packaged in a 16-pin thin shrink small outline package. Suggested resale pricing is $2.50 in quantities of 10,000. More information on TI's family of clock distribution circuits is can be found on the World Wide Web at ti.com. The worldwide leader and pioneer in digital signal processing solutions since 1982, Texas Instruments provides innovative DSP and mixed signal/analog technologies to more than 30,000 customers in the computer, wireless communications, networking, Internet, consumer, digital motor control and mass storage markets worldwide. To help customers get to market faster, TI offers easy-to-use development tools and extensive software and hardware support, further complemented by close to 300 third-party DSP solutions providers. Texas Instruments Incorporated is a global semiconductor company and the world's leading designer and supplier of digital signal processing and analog technologies, the engines driving the digitalization of electronics. Headquartered in Dallas, Texas, the company's businesses also include materials and controls, educational and productivity solutions, and digital imaging. The company has manufacturing or sales operations in more than 25 countries. Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at ti.com. biz.yahoo.com

To: Steve Lee who wrote (37744)	3/2/2000 4:15:00 PM
From: Ian Anderson	Read Replies (2) \| Respond to of 93625

Steve, I am sorry, but you have double counted on your revenue figures. Dataquest's $30B and $63B are the TOTAL DRAM market, including PCs and everything else. Their percentage market share for Rambus includes PCs and all other DRAM licences, although not controllers. So it is not right to use the 30% and 65% as multipliers for non-PC revenue. This is already factored in. The controller revenue will be additional, but relatively small because most applications will have a much higher value of RAM than controller in them. For a PC this is typically around 20:1 for an appliance it might be 4:1 By the way, where did your new high go? Personally I am expecting a retreat of around 60% of the run up from 100->300, so looking to re-enter around $170 when the FUD about bugs in PSII hits the register. Ian

To: Steve Lee who wrote (37744)	3/2/2000 10:48:00 PM
From: add	Read Replies (1) \| Respond to of 93625

Adjustments to the Common shares numbers: currently there are 23.8M shares outstanding. However, there are a lot of warratns and options in the money. I've included the paragraph from the 10-Q below. I'm going to assume all these will be issued and exercised, even though all of them have not been if we get the numbers we are talking about. In sum, one million shares to Intel at $10 each. 400K to DRAM manufactures at $10 each. 500K to "Bus Driver" Tate and the President at $10 each. 531K to employees at $10 each. So we must add 2.4 million to the shares outstanding. Thus, we should use 26.2 million as the shares outstanding in our calculations. If the price hits $510, Tate and the President will make $250M or $125M each on average!!! Holy Shit!!! Likewise the employees will make $265M. Employees as of 9/99: 166 Assume as of 12/99 : 200 Then each employee makes on average, $1.3 Million Double Holy Shit!!!! I'm in the wrong job!!!! From the 12/99 10-Q dated 2/11/00: 4. Contingent Warrants, Common Stock Equivalents, and Options In January 1997, the Company granted a warrant to Intel Corporation for the purchase of 1,000,000 shares of Rambus common stock (the "Intel warrant") at an exercise price of $10.00 per share. The warrant will become exercisable only upon the achievement of certain milestones by Intel relating to shipment volumes of Rambus-based chipsets (the "Intel milestones"). At the time that the achievement of the milestones becomes probable, a charge will be made to the statement of operations based on the fair value of the warrant. In October 1998, the Company's Board of Directors authorized an incentive program in the form of warrants on a total of up to 400,000 shares of Rambus common stock to be issued to various Rambus Direct DRAM partners upon the achievement of certain product qualification and volume production targets. The warrants, to be issued at the time the targets are met, will have an exercise price of $10.00 per share and a life of five years. They will vest and become exercisable on the same basis as the Intel warrant, which will result in a charge to the statement of operations based on the fair value of the warrants at the time the achievement of the Intel milestones becomes probable. As of December 31, 1999, a total of 60,000 of these warrants had been issued. In the fourth quarter of fiscal 1999, the Company granted to its Chief Executive Officer and to its President a combined total of 500,000 Common Stock Equivalents (CSEs) and to its employees approximately 531,000 options to purchase Rambus common stock for $10.00 per share. These CSEs and options will vest based upon the achievement of key indicators of success for Rambus, including shipment volumes of Rambus-based chipsets, which will result in a charge to the statement of operations based on the fair value of the CSEs and options at the time achievement becomes probable.