* Chip designer Rambus (RMBS.O) is barred from enforcing 12 patents involved in a legal fight!
* Accused Rambus of spoiling evidence in the case.
* Rambus unfairly tried to collect excessive royalties on patents that covered technologies in that standard.
BOTTOM LINE is, this nonsense has, and could continue to drag on for a very long time... And in the mean time Rambus Revenues are DROPPING, Earnings are swimming in a sea of RED (THEY ARE LOSING $$$ left and right AND running out of $$$), the overall economy SUCKS A$$ right now, which is not helping Rambus at all...
I see NO REASON to own this equity, and think that any up/bounce should be shorted...
I can tell from your response you are no dummy when it comes to the markets.
I understand the biz that Cramer, Vector Vest, Navellier, IBD, Motley Fool and so on are in (subscription/manipulation in some cases), I've been thru most of them over the years, and understand that THIER interest, is not always in YOUR best interest!!!
I tend to invest in IDB/canslim type stocks, and YES I've found V V a very useful tool for my purposes, but V V is only as good as YOU ARE!
Best of luck to you!
>>THAT COMPRISES ABOUT 12% OF RAMBUS'S BUSINESS.<<
DUDE... here's the problem... THE OTHER 88% of thier business is LOSING MONEY!!!!!
Who cares if they have 2,000 patents if they CAN"T MAKE ANY $$$!!!
Stocks appreciate when REVENUES & EARNINGS are GROWING (OR the perception of growth) Without that GROWTH (and right now thier going backwards)... RAMBUS IS TOAST!
According to Vector Vest... Value: Value is a measure of a stock's current worth. RMBS has a current Value of $1.84 per share. Therefore, it is overvalued compared to its Price of $7.76 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates.
That means RMBS has already priced in the possibility of GROWTH from this amazing court victory you are hoping for!
And as I provided earlier the institutions know it and are bailing out!
IMO yur only hope is for "Perception of growth" and another bounce on NEWS, but IMO that "NEWS" should be sold, as it has TIME, AFTER TIME, AFTER TIME!
RMBS has been losing $$$ for 9 Q's IN ROW http://moneycentral.msn.com/investor/invsub/results/hilite.asp?symbol=rmbs! The current economic situation is NOT going to help that situation AT ALL!!!
Also their balance sheet is beginning to get very thin http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=rmbs&lstStatement=10YearSummary&stmtView=Ann ... Note the HUGE drop in Assets from 07' to 08' !!! What are they going to do, go to the market and offer more shares? Good luck with that right now!
If they can't turn this ship around SOON (and that is going to be hard to do, in this enviroment) they're in DEEP $HIT near as I can tell!
YOUR best hope is the same hope that longs have had FOR YEARS, and that is some amazing ruling is going to SAVE YOU. That is one hell of a reason to own an equity and keep screaming STRONG BUY! Sounds more like a wild a$$ Vegas bet to me!
I could be wrong but I think this beeatch is TOAST!