Rim Semiconductor updates

[Stoppmann]

Originally Posted by deeba

Asset Value.
"Our engineers can now see clearly that these patented and patent-pending breakthroughs have replaced one of our earlier investments in technology. As we discussed in our quarterly report today, Rim Semi has been valuing on our balance sheet the patents and the software that we licensed from Adaptive Networks back in 2002 at about $4.4 million. We now know that Cupria™ and IPSL™ no longer need the Adaptive patents or software in order to deliver powerful performance. Although we still have the Adaptive patents and software in our portfolio, and although we may use them in future products, we aren’t using them in Cupria™ now. The rules of accounting require that we therefore assign no value to them on our balance sheet. A very positive effect of this is that the 5% royalty on sales of products that we would have owed Adaptive also goes away unless we use them in the future."

I must say, this was news to me. I think that this is unbeliveably good news.

Hopefully the importance of this revelation will be realized by the current shareholders and those who will be investors.

Not only does this increase the bottom line by 5% right off the bat, but Rim was restricted to the use of Adaptives tech. Their technology was only licensed by Rim to use for Telco applications.

We no longer have any restrictions as to where and what type of industry uses Cupria.

This has really opened the door for Rim.


deeba

I agree that is great news, but this benefit will only occur when the company sees revenue. This has not happened. And for whatever reason, the PO with Extreme Copper is still outstanding, eventhough IPSL products are shown as "for sale" on their website. What is RSMI supposed to supply Extreme Copper anyway?

I guess the other good news is that the prototype that will hopefully be used by Embarq has been developed. If subsequent lab evaluations of this prototype are successful, Embarq will conduct a field trial of our Cupria™ family of semiconductors.

The previous two SEC 10Q filings indicated that the ASSP should have been completed by now. The current SEC filing indicates that the ASSP wont be completed until the 1st half of fiscal 2008 which begins on 11/1/07 and ends on 4/30/2008. I imagine that the ASSP has been delayed because of the recently reported breakthroughs in speed and the development of this RQAM technology.

.

[cem727]

I am sorry, but I find it ridiculously hard to get excited or giddy regardless of what is happening behind the scenes when we sit at 4.7 cents. Now I don't mean to rain on your parade Deeba or Destiny, or for that matter, anyone who wants to shout out to the world...look what RIM has...when RIM doesn't have any revenue, so please spare the excitement for the new and enhanced features for when RIM gets the damn share price up.

[McCloud]

I don't want the **** share price up yet! I'm trying to raise some more money.
Give me until the first of the month.

Ernie

[Stoppmann]

Originally Posted by McCloud

I don't want the **** share price up yet! I'm trying to raise some more money.
Give me tell the first of the month.

Ernie

How much are you trying to raise. $100 will be you 2500 shares.

[cem727]

Perhaps the two for one deal is still up for grabs.

[Stoppmann]

Press Release Source: Rim Semiconductor Company


Rim Semiconductor and Ringgold Telephone to Test High-Speed Technology
Tuesday September 18, 6:00 am ET
Innovative Telecommunications Service Provider to Evaluate Industry's First IPSL Solution


PORTLAND, Ore.--(BUSINESS WIRE)--Rim Semiconductor Company (OTCBB:RSMI - News), the inventor and leader in IPSL technology, announced today it has entered into an agreement to evaluate the next generation Cupria(TM) IPSL solution in the service network of Ringgold Telephone of Ringgold, Georgia.
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Rim Semi's Cupria(TM) IPSL(TM) solution allows service providers to effectively increase the bandwidth and extend existing copper plant beyond current technologies. Cupria(TM) adheres to the framework established by the IPSL(TM) SIG, is optimized for today's Internet Protocol-based networks, and is ideal for high-bandwidth, high-quality-driven applications such as Internet protocol television over existing copper networks.

Ringgold Telephone is in the Chattanooga, Tennessee, metropolitan area. It provides voice, broadband data, video, video on demand, an array of local content programs and security services to its customers via IP access networks. For a number of years, Ringgold Telephone has been an innovation leader, including the deployment of first generation products, particularly relating to IPTV.

"We are excited to work with Rim Semiconductor on a formal basis and evaluate technology that could help us deliver new breakthrough service," stated Phil Erli, executive vice president of Ringgold Telephone. "Through the real-world testing that will occur on our plant, we will be able to influence the features and functionality so that it meets the needs of Ringgold and the entire telecom industry."

"Ringgold Telephone is a leader in Independent Telephone industry and has demonstrated that a high-bandwidth, high-quality, reliable network is mandatory to meet the ever-increasing expectations of today's sophisticated customers," stated Brad Ketch, president and chief executive officer of Rim Semiconductor. "We are proud to have Ringgold participate with us in demonstrating Cupria(TM)'s superior performance."

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.

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 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.



Contact:
Rim Semiconductor Company
Brad Ketch, 503-257-6700
info@rimsemi.com


http://biz.yahoo.com/bw/070918/20070918005476.html?.v=1

[McCloud]

Originally Posted by Stoppmann

How much are you trying to raise. $100 will be you 2500 shares.

I have picked up shares periodically as I could, but at the current prices I would like to regain a significant position.

Ernie

[destiny1]

Here are the official 2005 FCC stats regarding, amongst other things, the number of local loops held by the largest ILEC holding companies in the US.* Scroll to pg. 49 Table 7.3. As Rim Semi continues to announce more and more of these ILEC testing MOU's, eventually these larger companies will show up on the radar screen. As has been previously stated there are hundreds of these potential deals awaiting Rim Semi.

*Note: SBC/BellSouth are now AT&T.
Sprint's wireline line division spun-off in 2006, now Embarq

http://www.fcc.gov/Bureaus/Common_Ca...D/trend605.pdf

D1

[wheels]

Here’s the part I like about the current PR:

“We are excited to work with Rim Semiconductor on a formal basis and evaluate technology that could help us deliver new breakthrough service," stated Phil Erli, executive vice president of Ringgold Telephone. "Through the real-world testing that will occur on our plant, we will be able to influence the features and functionality so that it meets the needs of Ringgold and the entire telecom industry."

The Nay Nay’s have proclaimed from their soapbox, “There is no tech, there is no tech. Never has been, never will be.” Phil Erli not only said we have it but that it’s a “breakthrough service” just like Rim has been saying.

Futhermore, ol’ Phil is going “evaluate” the tech on his plant.” And what exactly does he think our tech will do for him? “Deliver breakthrough service.” He said it before he evaluates it. In other words, if the chip works on his plant he wants it because it will deliver breakthrough service. But more than that, he categorically states the he’s sure the whole telcom industry will want it because Cupria will meet it’s needs. Now folks, that’s what I call a mouthful. I’m sure the Nay Nay’s will discount him because he represents a small telco but make no mistake about it, that little mouse roared.

When a telco tests our tech we have to remember what that little word “test” means at this point. It doesn’t mean what it used to mean. It used to infer testing the Cupria chip to see if and how it works in software simulation. Now it means plugging in a Cupria chip that we already know works to see how it works on the specific telco’s plant so it can be configured to their specific needs. These are not “square one” tests. These “evaluations” are the precursors to orders. We won’t know “for sure” that we have a breakthrough tech until someone buys it. That’s the final confirmation. But we are finally just one step away.

At the risk of being redundant let me say again that one small telco evaluating our tech is not earth shattering news. But now there are two. BTC is the other one. But if Rim announces one a week for the next several weeks it won’t be long until there are ten, and at that point we ought to know if it works because someone will have placed an order (if ten weeks is long enough to evaluate the tech.)

We don’t know how long a company evaluates before it buys. Rim probably doesn’t know and probably wouldn’t tell us if they did. However long it takes is however long it takes. So, we won’t get orders until the tech is evaluated. However, if an install for evaluation occurs weekly, we can expect orders to start happening weekly at some point in the future.

We all thought we’d be at revenue by now. Management thought so too a long time ago. But they didn’t give us updates along the way and here we are feeling disappointed. The result, longs are bailing and the pps is dropping.

Here is a harsh reality. Revenue is not just around the corner. Orders have to come before revenue. And the ASSP isn’t either. It’s two months away from the point we have enough orders to ask TSMC to do our first run. No, revenue won’t happen until we sell ASSP’s. But we will sell ASSP’s because we do have a breakthrough technology. Phil said so. And don’t forget that Phil also said he thinks Cupria will meet the needs of the whole telcom industry.

Satisfying the needs of the entire industry is going to make us a lot of money. It’s just going to take a little longer than we thought. I know, I know, we’ve all heard that before. But now we’re close. Phil said so.

[Stoppmann]

I'm somewhat suprised that initial interest is coming from these smaller telcos in the US. I thought that interest was going to initially come from oversees, in particular Asian and Japan, mainly because they are futher along with high-speed DSL deployment