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

To: Jim McMannis who wrote (67739)	3/15/2001 12:49:43 PM
From: jim kelley	Read Replies (1) \| Respond to of 93625

From Yahoo Poster: "Due to an incorrect article in "Electronic News", RMBS has declined sharply this morning. The article states that the anticipated Markman ruling in the Rambus vs. Infineon trial in Virginia has been issued. Our check with the clerk of the court suggests that no ruling has been issued yet. However, we expect a ruling to be issued soon, and it could potentially happen later today. One of the key issues involved in the Markman hearing is the definition of "bus", and we have stated that a narrow interpretation by the court would make it more difficult for Rambus to prevail in the actual trial (see our EBS issued on 3/1). However, since there are 4 patents and 57 claims that will be dealt with in the trial, a narrow ruling in the Markman hearing does not destroy Rambus' ability to prevail on other claims that do not relate to the "bus". The jury trial is expected to begin on 3/20, and is expected to last several weeks. While Rambus will continue to collect royalties on the Rambus DRAM shipments made by its licensees, SDRAM and DDR royalties from Samsung, Toshiba, Elpida, etc... account for about half of our fiscal 2002 earnings estimate of $0.65 per share. In addition, they account for 1/2-2/3 of our long-term earnings-power estimates. Therefore, we continue to believe that success in the upcoming trials with Infineon, Micron, and Hyundai are critical to our long-term investment thesis on RMBS."