Feeds

NEC wins huge share prize from Rambus

The price is right. Come on down, them thar RIMMs

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

In mid-January we reported that Rambus (ticker: RMBS) had hit on a wizard wheeze to encourage memory manufacturers (the Seven Dramurai) to make more of its chips during this year. At the time that story was written, the Rambus share price stood at around $90 or so. These were the terms that Hyundai and a couple of other memory manufacturers including NEC, were offered by the firm. If these Dramurai stepped up production of Rambus chips, they would be offered a large number of shares at the rather inexpensive price of $10 apiece. Hyundai, for example, was offered 30,000 shares, in addition to the 25,000 options it already held. As we pointed out at the time, this was clearly a tough decision for firms like Hyundai to take. We're unclear whether this particular firm took the bait, but a release from Rambus yesterday showed NEC had. Because the Japanese firm reached its milestone of shipping as many Rambus chips as it promised, it now wins a prize of 30,000 shares at "below market price". Yesterday, the RMBS share price closed on Wall Street at $413.359375, losing a total of $31 and a bit during the day, although at one point it reach $471. NEC is now the proud owner of a huge number of shares worth $12,400,781.25 at closing prices and all for making chips which it can sell at a profit. (We don't know whether NEC has any other Rambus options). This is some of what NEC said in its release: ""NEC has achieved the goal of shipping validated Rambus DRAM devices and RIMM modules in production quantities to leading OEMs," said Avo Kanadjian, vice president, worldwide marketing at Rambus Inc. "NEC is helping to alleviate the current shortage of Rambus devices and modules and is enabling OEMs to meet the high demand for Rambus-based desktop PCs and workstations." NEC is the third and final recipient of Phase 1 of the Rambus DRAM incentive program initiated last year. And this is what Rambus Ink said: ""NEC has achieved the goal of shipping validated Rambus DRAM devices and RIMM modules in production quantities to leading OEMs," said Avo Kanadjian, vice president, worldwide marketing at Rambus Inc. "NEC is helping to alleviate the current shortage of Rambus devices and modules and is enabling OEMs to meet the high demand for Rambus-based desktop PCs and workstations." Funny old business, the memory business. ® See also Rambus offers Hyundai cheapo shares to make more chips

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.