Rim Semiconductor updates

[Stoppmann]

Originally Posted by destiny1

Excerpt from yesterday’s PR:

“We evaluated existing VDSL2, ADSL2, and ADSL2+ chipsets, and found that they were incapable of meeting our customers’ needs. Only Cupria™ is capable of the performance that we require, and we look forward to working with Rim Semi to deliver a compelling new system to our customers with Cupria™ inside,” stated Dr. Andreas Bluschke, General Manager of Teleconnect GmbH.

Dr. Bluschke’s statement speaks volumes regarding the market potential of CupriaTM chipsets. His remarks also represent the second public declaration by a major telecom of Cupria’sTM prowess.


VDSL2, ADSL2, and ADSL2+ represent virtually the entirety of the DSL offering worldwide.

For the last four quarters ending 3Q07, ADSL port shipments represented over 90% of the more than 102 million DSL ports shipped worldwide.(read)


In a nutshell, major telecoms in both Germany and China have declared CupriaTM chipsets outperform the DSL incumbents, incumbents which amassed over a billion dollars in sales last year. Teleconnect (likely Deutsche Telecom, the largest telecom by revenue in Europe) and a major Chinese Telecom (likely China Netcom) have begun the process of supplanting the incumbents with CupriaTM.


The question that remains is: What percentage of a billion dollar annual market will CupriaTM chipsets command?

No wonder the RSMI trading volume has gone through the roof of late.

D1

PS - Note: DSL port shipments declined in EMEA (Europe, Middle East, Africa). This could be significant. As interest in CupriaTM / IPSL continues to grow worldwide, equipment makers will decrease orders for ADSL/VDSL ports (thereby using up existing inventories) in preparation for CupriaTM. By watching for changes in ADSL/VDSL port shipments we may get an hint of future CupriaTM deployment plans. We already know some telcos have stopped ordering VDSL 2 chips.

The other question is WHEN?. A close of $0.0065/share today is just pathetic.

[McCloud]

I would understand the huge volumes of late after the teleconnect PR. Especially if people were buying in because of it. I don't understand the price moving down or how outstanding shares could be available at these prices.

Ernie

[destiny1]

Tremendous volume today, over 13 million shares traded! Looks like more of the same, debenture holders selling and new investors accumulating their shares at pennies on the dollar. I'll post more tonight in the exclusive section.

D1

[destiny1]

Just in from Brad:



Hi George,

Hope that you and yours are doing well. I thought that I would drop you a quick note that you are free to post or to pass along to anyone that you wish to.

We have received many calls at the office regarding the two shareholders’ meetings. The one that is scheduled for tomorrow morning in Dallas will likely run about ten minutes or so. No one from Rim Semi is physically attending, but will instead be on a speakerphone. There will not be a question-and-answer period, and the legal staff that are physically attending are not authorized to comment on anything related to the company. Although any registered shareholder is entitled to attend the meeting in person, we just want to make sure that he or she knows that we will not be there.

The other meeting – the one that we are encouraging people to attend – will be in Portland. I had hoped to have reserved a hotel and set a date by now, but I have not done so. We are conserving cash very tightly right now, and I just cannot spend money on a shareholders’ meeting right now. In years past it has cost us more than $40,000 to hold it because we have so many people who want to attend. I smiled the other day when I read in the Wall Street Journal that Ford Motor Company had 52 people attend their annual meeting. I think that we had more than twice that last year!

When our cash situation clears up, we’ll book the hotel and announce it to everyone. It is still possible that it will be this summer.

Brad Ketch

[destiny1]

For members who have access to the exclusive content, I've posted my "perspective" regarding recent events.

D1

[HopefulOne]

I hope your perspective is right...

H.1.

[destiny1]

Talked to Ray, the outstanding share increase passed and it wasn't even close. I'll post the final numbers when they come in.

D1

[McCloud]

Originally Posted by HopefulOne

I hope your perspective is right...

H.1.

I hope the perspective is right also. It speaks directly to previous question. I still don't understand people selling now at a significant loss.

Ernie

[destiny1]

Rim Semiconductor Company Receives $1 Million Purchase Order

Wednesday June 4, 6:00 am ET

PORTLAND, Ore.--(BUSINESS WIRE)--Rim Semiconductor Company (OTCBB:RSMI - News), a company that develops technology for telecommunications service providers, is pleased to announce that it has received a purchase order for $1,050,000. The customer is a manufacturer of equipment that is used in the telecom and data industry.


The order is for the Cupria™ transport processor, which is capable of higher data speeds, over longer distances, than competing transport processors. Rim Semi believes that this customer will order more products in the future. “We are pleased to have been selected for an important data networking product that will be sold around the world,” stated Brad Ketch, president and chief executive officer of Rim Semiconductor Company.



About Rim Semiconductor Company
Rim Semiconductor Company (OTCBB:RSMI - News) develops technology for telecommunications companies to deliver demanding new video and data services with lower network costs. The company’s products allow data to be transmitted at greater speed and across extended distances over existing copper wire—all with the highest quality of service—for a better end-user experience. For more information, visit www.rimsemi.com.
Forward-Looking Statements With the exception of historical information contained in this press release, this press release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, the following: product development difficulties; market demand and acceptance of products; the impact of changing economic conditions; business conditions in the Internet and telecommunications industries; reliance on third parties, including potential suppliers, licensors, and licensees; the impact of competitors and their products; risks concerning future technology; and other factors detailed in this press release and in the company's Securities and Exchange Commission filings. Rim Semi is currently seeking additional financing necessary to enable it to fulfill this order. It will not recognize revenues from the order until it obtains such financing and builds and ships the ordered products. Rim Semiconductor is under no obligation and does not assume any obligation to revise or update any forward-looking statement in this press release in order to reflect events or circumstances that may arise in the future.

[McCloud]

Originally Posted by destiny1

Rim Semiconductor Company Receives $1 Million Purchase Order

Wednesday June 4, 6:00 am ET

PORTLAND, Ore.--(BUSINESS WIRE)--Rim Semiconductor Company (OTCBB:RSMI - News), a company that develops technology for telecommunications service providers, is pleased to announce that it has received a purchase order for $1,050,000. The customer is a manufacturer of equipment that is used in the telecom and data industry.


The order is for the Cupria™ transport processor, which is capable of higher data speeds, over longer distances, than competing transport processors. Rim Semi believes that this customer will order more products in the future. “We are pleased to have been selected for an important data networking product that will be sold around the world,” stated Brad Ketch, president and chief executive officer of Rim Semiconductor Company.

I believe this may be the start of what we have all been waiting for. It would have been nice to have been given more info. I trust that this is enough of an order to start the presses at TSMC. Also it may be enough to finalize the additional finanacing needed to pay the bills until this order and the ones following roll into actual revenue received.
Ernie