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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (8707)	10/19/2000 10:05:11 AM
From: surfbaron	Read Replies (1) \| Respond to of 65232

Intc Jan 65's for me too

To: Dealer who wrote (8707)	10/19/2000 10:06:24 AM
From: Voltaire	Read Replies (1) \| Respond to of 65232

HUGE!NEXT YEAR EARNINGS ARE IN THE BAG! by: tech_truth200x 10/19/00 9:46 am Msg: 175568 of 175581 Deferred revenues line went up by 16c a share for just this quarter! Wow!!! RMBS is a gold mine. They now have 48c of deferred revenue that they can use on future quarters. That's 49c of earnings. Whole next year earnings for 2001 are for 47c and 184% growth. At $65, that give Rambus a PEG of 0.75! Wow. By comparison, AMD's PEG is at 3.68. Anything below 1.5-2 is a screaming buy. I wouldn't touch a stock with a PEG of 3.68 like AMD. Message 14615596 This is big news Jim. Rambus could have reported 30c in earnings but they instead put them as deferred revenue for later quarters. Man this is big! Easily next years earnings are all in the bag, IMO. This is huge. "Did anyone notice that total deferred revenue JUMPED from $31,346M at 6/30/2000 to $48,277M at 9/30/2000??" Here is from Watzman at Yahoo and from fool.com. boards.fool.com Take a look at the financial statements: "Did anyone notice that total deferred revenue JUMPED from $31,346M at 6/30/2000 to $48,277M at 9/30/2000??" "So what does this all mean? New Contracts: 3/31/00 -- Too lazy to look up 12/31/99 info 6/30/00 -- $7,529M 9/30/00 -- $23,918M" "Also notice that big pretty $35 million increase in CASH? Most of that came from the licensees paying Rambus up front for those $24 million in new licenses. The next largest portion was generated by the $10,221M in net income. I will save you the exactness of going through a complete sources and uses anlaysis." *************** We've been "HAD", but in a good way. THEY "HID" $16 MILLION (THAT'S 16 CENTS PER SHARE, GUYS !!!) that they quite possibly COULD have reported in this quarter, to instead report it in the future. The reported number ($0.09) was a low-ball, ultra-conservative sandbag. BUMP says they are ultra-conservative, they don't report income until they have the cash in-hand. No, he's wrong. They didn't report the income EVEN AFTER they had the cash in hand. And, by the way, that same $16 Million is also where a good chunk of that additional $35 MILLION of CASH came from in a single quarter. Now don't you all go spreading this word, we need to keep the shorts from finding out about it, let it be a surprise. Oh, then there is ANOTHER little "issue" -- that $0.09 that they reported was after deducting $0.05 for taxes. Only, in reality, I don't think there will be any taxes, because that huge paper "loss" in the first quarter for employee stock options generated a huge tax-loss carryforward. So, if we take the $0.09, and add in the $0.05 for taxes that they won't really have to pay, and add in $0.16 that they "hid" to report in the future ...... is the "real" income for the quarter not nine cents but THIRTY CENTS ?????? Posted as a reply to: Msg 175506 by tech_truth200x