Feeds

NEC wins huge share prize from Rambus

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

  • alert
  • submit to reddit

Top three mobile application threats

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

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.