<<The company intends to use a portion of the net proceeds of the offering to repurchase up to $75 million of its common stock. The company plans to use the balance of the net proceeds for working capital and general corporate purposes, which may include the funding of developing and protecting its intellectual property, and the acquisition of businesses, products, product rights or technologies.>>
Yes, I would buy back some of my stock if I could reap that plus more without the benefit of making any more profit. I do not like this. It's diluting the company. I believe we will see this stock manipulated downwards so the price is very attractive to the institutions, which means I don't see any short term promise. This is like a broken record with the bus. It keeps going and going and... I'm probably going to spend a little less time here now (don't be sad!!!) but I'm a better lurker anyway. Hopefully we can get something going in March.
Should the stock price decrease it offers and opportunity to buy at low price prior to the future run to $100+ when all the litigaion crap is finished with. Rambus KNOWS they have the upper hand with XDR...it is the future of high bandwidth chip to chip communications and the industry will have to work out a deal or die on the vine. If I had my way I would seek out ONE vendor/fab and go into EXCLUSIVE business with them and kill the rest of the players.