Intel never had shares, they had warrants and options that could be exercised based on quarterly shipments of RDRAM. Intel and RMBS rewrote a comprehesive cross licensing agreement in Fall of 2001. Warrants and options were removed from that contract.
I think you may be wrong but I'm not sure. I trashed my red herring from the Rambus IPO years ago but I remember reading that Intel was subscribing to either 1 million or 10 million shares of Rambus at the IPO price.
No, he's right. Intel would have the right to obtain 4 million shares of Rambus at $10/share if Intel's production of Rambus became 20% of Intel's revenue by a certain date(can't remember the date). As I recall, the 4 million shares was post split. Art.
No, he's correct. Intel never had ANY shares of Rambus. And the provisions of the contract that would have given them warrants for 4% ownership of Rambus never became exerciseable, and were completely removed from the revised agreement.
Intel has NO ownership or equity interest of any kind in Rambus.