Re: The Motley Fools blast Rambus' financial picture // they DON'T do a detailed analysis
Knowing that anything published under the MF byline was written by Microns PR department and forwarded to the fool to be whitewashed, I still read the article. They pretend to do an analysis based on accounting ratios but fail to acknowledge or account for the fact that RMBS greatest, largest, most valuable assets, THE IN-HOUSE PATENTS, are not listed as an asset on the Balance Sheet they use to calculate the ratios. When a patent is generated in-house the costs are expensed immediately. When a patent is purchased from a third party it is shown as an intangible asset and amortized over a 15 year period. This article is propaganda from Micron and no knowledgeable reader would take it seriously.