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

To: Rich1 who wrote (67930)	3/16/2001 8:46:30 AM
From: GVTucker	Read Replies (1) \| Respond to of 93625

Rich1, RE: By the way doesn't the Banker always put their $$$ where there mouth is? No, they don't. They get a fee. It would be hard for an investment banker that brings a company public to go against them that I realize.. But they don't have to bang the drums..unless they believe the story.. They have folks at the trial so does Hager...What will be will be.. And Edelstone was dropping hints two weeks ago about what he really thought. Going back to 1 March, here's what he said: Although we are not patent lawyers, based on the testimony in the Markman hearing over the past three days, we believe that a more narrow interpretation on the bus issue may occur that could increase Rambus' legal risk. Lo and behold, that's pretty much what Electronic News reported yesterday. And read the "Tech Day" report form the 14th: We will continue to monitor the pre-trial events for the Infineon trial in Virginia scheduled to start on 3/20, and caution investors that legal maneuvering may change the timeline of events. In our view, RMBS investors face high risk until the trial begins and may want to hedge their positions. In every comment on RMBS over the past three weeks or so, Edelstone has repeated the statement that investors "may want to hedge their positions". That doesn't sound to me like he truly believes that the stock is a strong buy. In the immortal words of Ace Greenberg, "The best hedge is when somebody else owns it."