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

To: Jdaasoc who wrote (39746)	4/12/2000 10:44:00 PM
From: mishedlo	Respond to of 93625

Does anyone know when there will be a patent or TRO hearing? I thought I read somewhere that in Delaware Rambus could force a TRO hearing within 90 days. How do we find a status? Any international lawyers out there who can comment on case in Germany? Why Germany and not somewhere else?

To: Jdaasoc who wrote (39746)	4/12/2000 10:45:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 93625

John, you may be right about the number of shares, but not the exercise price, typically the charge is the difference between the market price and the exercise price (considered compensation). It is possible that they had to take the charge on the 30th day that the stock was above $200, and that turned out to be when the stock was in the high $300, and the exercise price might be in the single or very low 2 digits area. The charge would be then some ($370-$10)X 500,000, or about $180 MM or so. zeev

To: Jdaasoc who wrote (39746)	4/13/2000 4:21:00 AM
From: add	Respond to of 93625

repost of my reply # 37758 concerning stock options: Adjustments to the Common shares numbers: currently there are 23.8M shares outstanding. However, there are a lot of warrants 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.

To: Jdaasoc who wrote (39746)	4/18/2000 9:08:00 PM
From: Dave B	Read Replies (1) \| Respond to of 93625

John, I stopped by the Sunnyvale Fry's to check on the Iwill board. I couldn't find any on the shelf and the sales guy said they didn't have it in stock (before you ask, I didn't ask when it would come in -- I've never received an accurate answer from the salespeople to that question). There were still only 2 RMBS boards on display (INTC and AOpen) but there were more boxes in stock. The prices seemed in line with the rest of the boards ($149 for one and $169 for the other, I think. Don't quote me on that.) Dave