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

To: edamo who wrote (34560)	3/23/2001 9:43:20 AM
From: Venkie	Read Replies (2) \| Respond to of 65232

EVERYBODY

To: edamo who wrote (34560)	3/23/2001 11:28:43 AM
From: r.edwards	Respond to of 65232

u da man, e da mo, <g>,,, trying to download the who's Magic Bus from Napster,,,,,RMBS "still below the $35.35 it traded at prior to the judge's seemingly anti-Rambus ruling last Thursday. On March 15, the judge in that case defined a handful of terms that are used in the four patents at the center of Rambus' case. The judge's definition of these terms was designed to provide guidelines for the jurors, who may not have the technical expertise needed to understand terms regarding the construction of dynamic access random memory included in Rambus' patents. Rambus produces its own proprietary DRAM called Rambus DRAM, which isn't at issue in the lawsuits. Infineon makes synchronous DRAM and double-data rate DRAM, and Rambus believes those are based on its patents. The judge's definitions of some of these technical terms seemed to limit Rambus' ability to prove patent infringement. Then on the morning of March 16 the judge met with Infineon and Rambus lawyers and heard news that some Infineon documents had only recently been discovered and provided to Rambus. He agreed to Rambus' request for a delay and set the trial's start at April 10 instead of March 20. According to the transcript of that session entered into the public docket on March 21, Rambus asserted that the Infineon documents specifically pertain to Infineon's plan to use Rambus technology to produce a mass-market DRAM. In a note to clients Thursday morning, Morgan Stanley Dean Witter analyst Mark Edelstone wrote, "Based on the new evidence, we believe that the potential for Infineon to want to settle out of court has increased significantly." And Edelstone went on to say that this turn of events was "quite positive" for Rambus given the collapse in the stock last week surrounding the judge's decision about the patents"

To: edamo who wrote (34560)	3/23/2001 4:04:43 PM
From: SecularBull	Read Replies (3) \| Respond to of 65232

i2 Technologies (ITWO:Nasdaq - news) is the leading maker of supply-chain management software, which links manufacturers to their suppliers and customers, letting each hold less inventory and respond more quickly to changing markets. Operationally, this company is doing just fine. New orders, cash flow and cash on hand are all in good shape, though this is masked (as it is for many other tech companies) by massive amortization of goodwill. Basically, goodwill is born when one company buys another for more than its book value, creating an "intangible" asset which is then written off over the next few years. It doesn't represent a cash outflow, but does lower reported net income. i2, for instance, had operating earnings of 26 cents a share in 2000, but lost $4.83 a share when goodwill and other intangibles were included. Clearly, i2, along with most other tech companies, overpaid for last year's acquisitions. But since they paid with their own ridiculously overvalued stock, it's pretty much a wash, affecting reported earnings but not much else going forward. This stock peaked at around $100 a share last year and is now at $16. Yet there's no doubt the global market for supply-chain management software will eventually be huge, once the recession ends. Just about every company is part of a supply chain that can be made more efficient. And i2 is the best in that business. thestreet.com