May. 2 at 6:52 PM
$RMBS
$NLST
I kind of wish Rambus would review the Netlist patent portfolio and litigation status….and if all checks out, on a risked basis, that Rambus would take a 4.99% or 9.99% stake in the company by slowly purchasing 12-25 mm shares in the
$0.85 -
$1.00 range in the open market. (100k shares/day over next several months).
I think it could be a good use of some of the
$450MM+ in cash or equivalents sitting on the Rambus balance sheet.
Of course, I think Rambus would need some implicit support from its main customers ….who perhaps might hope Rambus as a strategic customer might help Netlist develop appropriate expectations for a settlement range that might be most favorable to all parties.
