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Politics : RAMTRONIAN's Cache Inn -- Ignore unavailable to you. Want to Upgrade?

To: Tom Caruthers who wrote (4915)	2/28/1998 8:28:00 AM
From: NightOwl	Read Replies (1) \| Respond to of 14464

Hello Tom C., You old speculator. This is an interesting theory, but I suspect that it is not one which RMTR would welcome. Nor come to think of it, do I. :-) Just to play the devil's lawyer for a nanosecond, I suspect that to the extent that NSM has thought about it they would have already reached the conclusion that FRAM will be successful. If they wanted a bigger piece of the action than the one U.S. patent, why would they settle for the limited interest represented by the Benton shares? It wouldn't encourage Hitachi, Fujitsu, etc., or TXN either to know that their license payments and production considerations were going to make NSM wealthier at their expense. It would be interesting to see the language in the private placement of the preferred shares limiting their resale. I am speculating that this method of financing was chosen in part because it is a method which could make a hostile takeover more expensive rather than less so. And if RMTR found that kind of interest from NSM advantageous, why not offer NSM a patent settlement in exchange for the financing assistance needed? I'll wager the Benton trustee has given the seal of approval to this financing arrangement, or much less likely IMHO the preferred stock issuance is intended as a preemptive strike to preclude the trustee from even considering any sales prior to the fourth quarter. As I see it the preferred stock arrangement, as announced is a kind of corporate bet by both buyer and seller that the stock price will be on the happy side of $10 by the end of August. Of course this is all just wild rambling and even if any of it is true folks can always change their minds. But if I were a big player in the semiconductor field and I wanted a big chunk of the FRAM franchise, I would go whole hog and by out both RMTR and Symmetrix. But then I am clearly not such a player.... more like a fan up in the nose bleed section. :-) NightOwl Spectating With Interest