Donkey apologizes to Tate, et al. (updated)

10/6/05

A sharp-eyed reader has indicated that the picture to the left may include somebody that is known to Ramboids. Investigation has commenced to determine if in fact there is a familiar face(s).

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Did you know that the Rambus insiders who have exercised their options over the last couple years or so have been making the financial statements look unduly rosy? They may have helped to keep up the share price. Yup, so says Nathan Parmelee writing The Motley Fool.

How? Well, the tax benefits received by Rambus from the exercise of the options by the employees and insiders inflate the free cash flow. Eliminate the tax benefits and Rambus's free cash flow is wiped out!

I guess an apology is in order . . . Any Donkey, hereby apologizes for braying about Tate, et al., feeding at the option trough. I now understand that you were looking out for the best interest of the long-suffering longs. In your heart, you were doing what was best for the Ramboids. . . whatever.

Twisted logic it is.

Please note, no current or former Rambus shareholder is depicted in the accompanying picture.

Hat tip to FinzToRite for the link.