Rich Duprey writing for aol.fool.com admits he was wrong. Below are two paragraphs . . . .
“Earlier this month, I attempted to provide a balanced look at the costs to shareholders of the legal battle that chip designer Rambus . . . was waging. Rabid stockholders, however, would brook no challenge to the company catechism that it had designed the industry standard in chip memory and was entitled to royalties from just about everyone. They flooded my mailbox with an assortment of diatribes and invective for the heresy of noting countervailing opinion."
"While Rambus has settled one bugaboo and given Infineon "most favored" customer status, it still has multiple coffer-draining lawsuits against Hynix, Micron, Nanya Technologies, and Inotera Memories to keep its lawyers employed for years. These legal battles will be joined soon, but the settlement with Infineon may now be enough impetus for the others to reach out and settle, too. It will also undoubtedly serve to confirm the beliefs of the more-militant shareholders that their religion has been right all along.”
Read Rich Duprey’s entire confession here.
Hat tip to Rich Duprey for admitting his mistake.
“Earlier this month, I attempted to provide a balanced look at the costs to shareholders of the legal battle that chip designer Rambus . . . was waging. Rabid stockholders, however, would brook no challenge to the company catechism that it had designed the industry standard in chip memory and was entitled to royalties from just about everyone. They flooded my mailbox with an assortment of diatribes and invective for the heresy of noting countervailing opinion."
"While Rambus has settled one bugaboo and given Infineon "most favored" customer status, it still has multiple coffer-draining lawsuits against Hynix, Micron, Nanya Technologies, and Inotera Memories to keep its lawyers employed for years. These legal battles will be joined soon, but the settlement with Infineon may now be enough impetus for the others to reach out and settle, too. It will also undoubtedly serve to confirm the beliefs of the more-militant shareholders that their religion has been right all along.”
Read Rich Duprey’s entire confession here.
Hat tip to Rich Duprey for admitting his mistake.
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