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To: LLCF who wrote (665)6/25/2000 3:36:00 PM
From: Earlie  Respond to of 436258
 
David:

I am not sure if you are referring to the Samsung situation or not. If you are,....

While it is not documented in detail in the RMBS reports, essentially, the company issues its "partners" with warrants, based on agreed-to performance benchmarks. In the case of Samsung, it was the sale of an agreed-to number of Rdram chips, presumably within the first year.

Best, Earlie