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

To: Voltaire who wrote (34508)	3/22/2001 6:38:22 PM
From: Nick	Respond to of 65232

Infineon (Siemens) accused of deliberate patent theft By: Mike Magee Posted: 22/03/2001 at 07:54 GMT Documents now available on the Rambusite show that the real reason the patent trial between Rambus and Infineon is delayed is because a fresh deposition accuses Siemens Semiconductor, which spun off Infineon as a separate unit, of deliberately and knowingly appropriating its technology. The trial, which was supposed to start Monday of this week, is now scheduled to begin in April. The Rambus deposition alleges that Siemens Semiconductor knew about its technology, contrary to statements it has sworn, and that a briefing, held in 1992 and only discovered on an Infineon hard disk at the last minute, appears to confirm that claim. The minutes of the meeting suggest that executives at Siemens had realised that Rambus technology could be easily changed into synchronous memory, according to lawyers for the US firm. Transcripts of this briefing allege that Rambus was described by a Siemens suit as a "deadly menace to the established computer industry". Another passage suggests that standards body JEDEC also suggested a public domain version of Rambus technology. One of the planks in the case of Dramurai refusing to pay the Rambus shilling is that the Los Altos firm went away and patented SDRAM and DDR technology after sitting quietly at JEDEC meetings picking up loads of info and saying, as the Yorkshire folk in this country say, nowt. (See link to Zen Buddhism story below). The transcript of the goings on in Virginia last Friday show that Judge Robert E. Payne went incandescent when he found out about late evidence from Infineon. The transcript of the meeting has him saying: "Infineon has not satisfied its obligations to produce documents fully. And again, I'm not making a finding that anybody is at fault in this, these things happen in large cases. That said, I don't think it's fair for Infineon to have any advantage at all out of its mistake... so I'm not going to entertain any summary judgement notion." It also emerges from the same docket that Rambus appears to have conceded that at least one of its claims for the patents in question will not stand. And, in another twist, an appeal has been lodged by Rambus to stay a clause that invoked the tough US anti-racketeering laws. What's for sure in all of this? Judge Payne and a jury will decide in April. But we reckon that RMBS share price, traditionally a bump'n'grind experience, and which stood at just over $17 when Wall Street closed last night, will probably go flying sky high today... ® theregister.co.uk

To: Voltaire who wrote (34508)	3/22/2001 6:47:48 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

Rally Rescues The Dow From Bear ____________________________________________ Thursday March 22, 4:42 pm Eastern Time Forbes.com By Mark Lewis <<Today may have been the briefest bear market on record. The Dow Jones industrial average fell deep into bear territory today, and then staged a furious afternoon rally that left traders hoarse and investors gasping for breath. The Dow ended the day down 97.52 points, to 9,389.48, just above the 9,379 level that would have marked the blue-chip index's first official bear market since 1990. Earlier, the Dow fell almost 400 points, but tech stocks led a late rally that staved off the bear--at least for today. Despite the late rally, it still was a down day for the Dow. The worst performing group was the cyclical stocks, such as Alcoa (NYSE:AA - news) , Boeing (NYSE:BA - news) , Dupont (NYSE:DD - news) and International Paper (NYSE:IP - news) . While the Dow was in free-fall, the tech-heavy Nasdaq Composite held steady, and it eventually rallied to end the day up 3.7%. The Nasdaq's strength evidently gave heart to blue-chip investors, says Brian Finnerty, head of trading for C.E. Unterberg Towbin. "I think the Nasdaq has bottomed," he says. "When everything's negative, that's when you've got your bottom." Tech has led the market down over the past year, but today it was stocks such as Intel (NasdaqNM:INTC - news) , Hewlett-Packard (NYSE:HWP - news) and Microsoft (NasdaqNM:MSFT - news) that put a floor under the rout. For tech, the worst may be over. Despite the tough second-quarter earnings comparisons that lie ahead for these stocks, they might not be hampered, if the selling ends before reporting season begins, says Harry Laubscher, market analyst at Tucker Anthony. "If the earnings reports come out and we've gone through a selling climax, I don't think that they would have that much of adverse impact," says Laubscher.>>

To: Voltaire who wrote (34508)	3/23/2001 8:41:27 AM
From: taylorfife	Respond to of 65232

Ok guys and gals, do I chase RMBS here or wait for a retrace? I sold earlier this year at 48 and have been waiting for the dust to clear.

To: Voltaire who wrote (34508)	3/24/2001 3:18:13 AM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

Goldman Sachs Cuts Growth Forecast Friday March 23, 4:50 pm Eastern Time <<NEW YORK (Reuters) - Goldman Sachs on Friday cut its forecasts for U.S. economic growth in 2001, citing a first-quarter slump in business investment and a likely pullback in consumer spending triggered by steep stock market losses, Goldman said in a research note that U.S. gross domestic product (GDP) would likely expand by 1.0 percent and 2.0 percent in the third and fourth quarters, down from earlier forecasts of 2.1 percent and 2.7 percent. The Wall Street firm said it expected after-tax corporate profits to decline by 2.5 percent in 2001, more sharply than its earlier forecast for a 1.0 percent decline. ``The motivation for these changes is twofold. First, last quarter's sag in business investment has turned into a full-fledged bust, judging from persistent news of revenue and earnings shortfalls,'' a Goldman research note said. ``Second, the stock market's response to this bust virtually guarantees a negative wealth effect on consumer spending,'' it said. Goldman said it expected the Federal Reserve would have to lower its benchmark federal funds rate, now at 5 percent, to the 3 to 4 percent range by late summer to revitalize the economy.>>