***Official*** 2011 Stock Market Thread

[kevman]

WOW...can't beleive they lost.

 

[RavenSEAL]

Any advice for someone looking to jump into stock trading? I'm only 19, but i'd like to get a head start and invest in some technology related corps. I was looking to sign up for eTrade and peek around. I have up to $1K to possibly invest.

 

[al981]

WOW...can't beleive they lost.

wow indeed. emails admitting "killing rambus" weren't enough?

amerika.

 

[SunnyD]

Kinda wondering now how hard the bounce is going to be on RMBS once it opens up again. I'd imagine a pretty hefty profit-taking hit at first, but level out fairly quickly. It's not like RMBS itself is doing badly right now as a company...

 

[Miramonti]

I'm wondering at what level would be a good place to short a little Micron, in case it opens up with too much "irrational exuberance"...thoughts?

(currently 5.70)

 

[The-Noid]

Kinda wondering now how hard the bounce is going to be on RMBS once it opens up again. I'd imagine a pretty hefty profit-taking hit at first, but level out fairly quickly. It's not like RMBS itself is doing badly right now as a company...

Not to advise on individual securities but I could see it down A LOT.

This is their business model and losing this case puts a gigantic kink in the overall value of the company.

Buying lottery tickets carries inherent risk.

2:37 still no note on opening of either MU or RMBS and I hate searching for news on RMBS because I get 10M entries on Residential Mortgage Backed and blasts....blarg.

 

[snoopdoug1]

WOW...can't beleive they lost.

will they appeal? can they?

Should be interesting.

 

[The-Noid]

Rambus Inc. (Nasdaq:RMBS), one of the world’s premier technology licensing companies, today announced the jury in its anti-trust case against Hynix Semiconductor (000660.KS) and Micron Technology (NYSE:MU) has found in favor of the defendants. The jury found that Rambus did not meet its burden of proving its case against the two defendants. At issue were Rambus allegations that the defendants illegally conspired to constrain availability of Rambus’ RDRAM® and keep its prices unnaturally high relative to its competition, while holding competitive DDR pricing low, in an effort to eliminate Rambus’ RDRAM memory technology from the marketplace. Upon succeeding in eliminating RDRAM as a competitor in the main memory market, the defendants raised the prices of DDR by as much as 500%.

“We are disappointed with this verdict as we believe strongly in our case. We thank our legal team and everyone who has supported Rambus in this case over the past seven years. We do not agree with several rulings that affected how this case was presented to the jury and we are reviewing our options for appeal,” said Harold Hughes, president and chief executive officer of Rambus. “Regardless of this outcome, we remain steadfastly committed to innovation as Rambus engineers and scientists continue to advance the frontiers of technology for the benefit of our customers and consumers worldwide.”

This case, CGC-04-431105, was originally filed on May 5, 2004 in the Superior Court of the State of California. In the suit, Rambus charged that the defendants engaged in a concerted and unlawful effort to eliminate competition and stifle innovation in the market by collectively rigging DRAM prices to drive Rambus’ RDRAM memory technology from the market.

Rambus asserted its claims under certain causes of action, including conspiracy to restrict output and fix prices in violation of the Cartwright Act and intentional interference with prospective economic advantage. The claim of the defendants engaging in unfair competition in violation of California Business and Professions Code Section 17200 remains to be decided by the judge. Rambus previously dismissed without prejudice a claim of conspiracy to monopolize in violation of the Cartwright Act.

Audio Conference Call and Webcast Scheduled

Rambus management will host a special conference call today at 2:00 p.m. PT to discuss this verdict. The call will be webcast and can be accessed through the Rambus website. A replay will be available following the call on Rambus’ Investor Relations website or for one week at the following numbers: (855) 859-2056 (domestic) or (404) 537-3406 (international) with ID# 29014719.

In case anyone cared.

I will attempt to get on the call if I have time.

 

[Azurik]

Not to advise on individual securities but I could see it down A LOT.

This is their business model and losing this case puts a gigantic kink in the overall value of the company.

Buying lottery tickets carries inherent risk.

2:37 still no note on opening of either MU or RMBS and I hate searching for news on RMBS because I get 10M entries on Residential Mortgage Backed and blasts....blarg.

This will probably be my last post for a little while, need to get perspective on what just happened... but this is not Rambus' business. It's a price-fixing trial. Their business is to license IP (and litigate those who do not license). The case is not for or against their patents, but if the memory manufacturers colluded, which I'm 100% they did. Although I have the $14 puts for protection, this still hurts... a lot. I'm just in disbelief the jurors can vote not guilty by a 9-3 vote.

 

[rcpratt]

I'm not in on RMBS, I just want to see how bad the hit is. Ouchie.

 

[The-Noid]

This will probably be my last post for a little while, need to get perspective on what just happened... but this is not Rambus' business. It's a price-fixing trial. Their business is to license IP and sue those who do not pay. The case is not for or against their patents, but if the memory manufacturers colluded, which I'm 100% they did. I'm just in disbelief the jurors can vote they didn't by a 7-4 vote.

"The jury ruled 9-3 against Rambus on the two fundamental questions in the case. One asked whether Hynix and Micron conspired to artificially keep the price of chips using Rambus technology high and a competing technology low to hurt the company's prospects in the market. Another asked whether the Hynix and Micron had obstructed relations between Rambus and Intel Corp. (INTC), whose endorsement of the Rambus technology had a major effect on its acceptance by other chip makers and computer makers."

I am confused. That is what the press is reporting...

2:47: *DJ Rambus To Review Options For Appeal >RMBS

 

[SunnyD]

This will probably be my last post for a little while, need to get perspective on what just happened... but this is not Rambus' business. It's a price-fixing trial. Their business is to license IP and sue those who do not pay. The case is not for or against their patents, but if the memory manufacturers colluded, which I'm 100% they did. I'm just in disbelief the jurors can vote they didn't by a 7-4 vote.

To be fair, wasn't there several fairly high profile pretty much slam-dunk cases like this over the last few years where the verdict came out completely opposite of what was generally expected, much to everybody's surprise? I'm thinking of one that happened I think last year, but can't remember who it involved. Pretty sure we were all kinda like :O with that one too.

 

[The-Noid]

3:04, they have about 15 minutes to announce that the stock will open, otherwise I am shooting for an after hours open...

3:19: Micron Press Release

Micron Prevails in California Antitrust Trial Against Rambus BOISE, Idaho, Nov. 16, 2011 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq:MU) today confirmed that a jury in the California state court antitrust trial of Rambus Inc. v. Micron Technology et al. reached a verdict in its favor, clearing Micron of any and all liability. "We are very pleased that the jury considered all the evidence at issue in this case and determined that Rambus' allegations against the Company were completely without merit," said Steve Appleton, Micron's Chairman and Chief Executive Officer. "The jury's verdict validates our assertion that Micron acted in accordance with the law and consistent with its values of innovation and fair competition in the marketplace." Rambus alleged that Micron, Hynix Semiconductor Inc. and others conspired to keep Rambus-designed DRAM (RDRAM) chips out of the memory market. At trial, Micron presented evidence demonstrating that it was design flaws, higher manufacturing costs and other drawbacks associated with RDRAM along with Rambus' business practices that prevented RDRAM from gaining wide acceptance in the market. In a trial presided over by Judge James McBride in California Superior Court in San Francisco, a jury found in favor of Micron on all counts. Micron Technology, Inc., is one of the world's leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets a full range of DRAM, NAND and NOR flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products. Micron's common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit www.micron.com. The Micron Technology, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6950 Micron and the Micron orbit logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.

http://www.globenewswire.com/newsroom/news.html?d=238577

 

[The-Noid]

Open @ 3:40. Predictions? Opening into a bad tape. SPX cash down 20 handles @ 3:35.
3:37 Ask prices beginning to be set!

 

[The-Noid]

4.00 open. Wow. 12,411 lots traded at 4.005 on auction. That sucks. Idiots.

MU and RMBS have same share price at 6.66. WOW.

Dropping again. reach high of 8.00 before selling back to 7.50.

 

[SunnyD]

Ouch.

Which I had $ to buy with.

 

[rcpratt]

Climbing steady, though.

 

[darkxshade]

Micron just ate Rambus's lunch

 

[The-Noid]

Climbing steady, though.

Yeap 8.25 trading now. All big lots too.

Edit: 3:44 dropping again back to 8ish. Seems to want to settle around 8. OBV is awful.

 

[SunnyD]

Oh well, 1 for 3 on my amateur trading lifetime isn't bad, considering the peanuts I'm throwing at the market. 4th position is there simply for long term. No big loss.

At current pricing, I'm sure I'll at least break even on RMBS once the market finally rights itself. I should start listening to my gut when it tells me to get out (GNVC before and earlier this morning was tempted to sell out of RMBS, as well as dumping my F stock when it was at $14).

 

[rcpratt]

I wonder how Azurik's doing.

 

[woodman1999]

awesome. down 60%

 

[SunnyD]

I wonder how Azurik's doing.

If I've been keeping track, at somewhere around 20,000 shares being fashioned into a hangman's noose right now.

 

[The-Noid]

I wonder how Azurik's doing.

About as well as Fidelity Growth and the Norwegian government!

 

[darkxshade]

What to do with my 300 nov 17 put contracts?









j/k I didn't get in, long or short