Feeds

NEC wins huge share prize from Rambus

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

  • alert
  • submit to reddit

High performance access to file storage

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

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
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
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
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

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.
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.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.