Rim Semiconductor updates

[destiny1]

Huawei leads global IP DSLAM market, according to report

January 17, 2008 – Huawei Technologies has announced that in a new report by consultancy firm Gartner it has been rated number one in the global IP DSLAM market, with a 31.5% market share.
According to the report, entitled “Market Share: DSLAM Equipment, Worldwide, 3Q07”, Huawei’s IP DSLAM port shipments accounted for 77.3% of all DSLAM shipments globally in the third quarter of last year. The company was also found to be increasing its share of the DSL market, and shipped over 70mn DSL ports to more than 90 countries worldwide in the third quarter of last year.
“With the increasing demand for high-quality multi-play services, such as IPTV, HSI and 3G, the IP access market is growing rapidly,” said Daniel Tang, Vice President of Huawei Network Product Line. “Huawei remains focused on providing operators with industry-leading broadband access solutions.”
http://www.iptv-news.com/content/view/1585/64/

D1

[jjz34]

Originally Posted by destiny1

Your guess is as good as mine. I believe Rim Semi is waiting on date confirmation for the IPSL-SIG meeting. Evidently its important the key players are all present in order for the meeting to be the most productive.

I did talk to Ray on Thursday last week. He was in S.D. and had just returned from Portland. He sounded very up beat. It appears things are continuing to develop.

D1

It's too bad we are left to guessing about this as we approach the second quarter in 2008.

[Stoppmann]

From the SEC filing it looks like the company has to file within 45 days of Closing date of the transaction or the registration has to be declared effective within 150 days of the Closing Date.

"In connection with the transaction, the Company agreed to prepare and file with SEC within 45 days following the Closing Date, a registration statement on Form SB-2 (the “Registration Statement”) for the purpose of registering for resale a number of shares of common stock equal to 125% of the shares issuable upon conversion of the Notes. If the Company fails to file such Registration Statement within such time, or if the registration statement is not declared effective within 150 days from the Closing Date, the Company must pay liquidated damages equal to 2% of the principal amount of the Notes and purchase price of the Warrants for each 30 day period. Such liquidated damages are payable in cash or registered shares of stock valued at 75% of the average closing bid prices over the preceding 5 day period. The Purchasers were also granted piggyback registration rights and certain demand registration rights."

[smtm]

Dear Brad

Miss hearing from you, please write soon.
http://rimsemitalk.com/forum/images/smilies/smile.gif

smtm

[Stoppmann]

Press Release Source: Rim Semiconductor Company
Rim Semiconductor Achieves Best-in-Class Data Speed on Copper Wire

Tuesday January 29, 6:00 am ET

First Implementation of IPSL draft 1.0 Achieves Goal


PORTLAND, Ore.--(BUSINESS WIRE)--Rim Semiconductor Company (OTCBB:RSMI - News) announced today that it has achieved best-in-class data speed on copper wire. The company’s draft Release 1.0 of the Internet Protocol Subscriber Line™ specification calls for a semiconductor to drive data at fiber-like speeds over the existing copper telephone lines. In line with the draft specification, Rim Semi’s Cupria™ transport processor is now able to drive data traffic at 40 megabits per second (Mpbs) 5,500 feet (1.67km) on 26AWG (0.40mm) telephone wire. Existing technologies are able to drive data 15 mbps at this distance on this wire type.

IPSL™ draft 1.0 is designed to be more appropriate for advanced telephone network services like internet protocol television (IPTV) than existing DSL technologies are. Rim Semi is the first company to build IPSL draft 1.0-compliant semiconductors for inclusion in a variety of telecommunications equipment products. The company has used its patented and patent-pending technologies to enhance data protocols, modulation schemes, noise reduction algorithms and other core technologies that together achieve results that are far better than existing technologies. The Company is demonstrating IPSL 1.0 to telephone companies and to equipment makers in several countries.

“We are delighted that we are able to meet the demanding specification of IPSL,” stated Brad Ketch, president and chief executive officer of Rim Semiconductor. “Our technical team will continue to push the boundaries of data transmission across copper wire because 1.4 billion existing copper-based end users require it.”

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/080129/20080129005371.html?.v=1

[destiny1]

There was some question regarding the source of this mornings PR. Here is a copy of an email I received from Brad.

Sent: Tuesday, January 29, 2008 10:54 AM
To: Brad Ketch
Subject: PR


Brad, thanks for the PR today. The "best-in-class" designation surely carries significant weight among the industry professionals. Our challenge here in the lay public is that it means little unless tied to the name of the designator. I will try to dig within public information to determine the source, but if that information is privledged I certainly understand.



Regardless the source, the truth remains. If Telcordia or some other organization made the designation, a few more details will go a long way toward clarifying the confusion. The PR as written leaves the impression Rim Semi gave itself the best-in-class designation. If you cannot name the source, I will forward that information to the ticktock readers.



Thanks for listening
George


George,

Rim Semi is itself calling the performance ‘best-in-class’. We know from real-world benchmarks that our data that we discussed in the PR is accurate, and therefore ‘best-in-class’. Pretty exciting!

Brad

[destiny1]

After reading this AM’s PR, I initially had the same reaction no doubt many of you experienced. Why was this announcement important enough to publish to the entire known free world? The announcement was carried by Reuters, BusinessWire, Forbes, Yahoo, German publications and list goes on. What about orders for chipsets? What about revenue announcements?

After considerable deliberation and an email from Brad which didn’t supply any more answers, it finally dawned on me. Understanding the considerable responsibility publicly-traded companies have regarding disclosure and Press Releases, Rim Semi can only be throwing down a gauntlet the size of China that says: “We have the fastest most robust copper-based technology in the world and we dare anyone to prove otherwise!!

If there is another copper-based technology out there that beats 40 Mbps @ 5500 feet, we invite you to publish your results. We will take on all comers.

This is very bold move from this new entrant into the telecommunications equipment sector.
Declaring oneself, “best-in-class” demands considerable performance. Either this is folly or Rim Semiconductor has considerable irons in the fire.

D1

[Stoppmann]

http://www.sec.gov/cgi-bin/browse-ed...ny&CIK=1026595

[Stoppmann]

NOTE 17 - SUBSEQUENT EVENTS (CONTINUED)

2007 Debentures (Continued)

"As of January 29, 2008 the Company has not filed a registration statement and is not in compliance with the terms of the registration rights granted to holders of the 2007 Debentures. However, the Company has obtained waivers from 9 of the 12 holders of the 2007 Debentures (representing 75.59% of the outstanding 2007 Debenture principal) waiving such registration rights."

I haven't read as to why the lenders waived the registration rights. Does anyone else know or have an idea.

[Stoppmann]

Can anyone explain the following:

In December 2007, they obtained $3,527,778 out of $6,000,000 of an available finance package. They didn't take all of the money. Yet, the company only has cash on hand of approximately $5,100 as of January 25, 2008 and needs additional funds. In addition, the lenders have waived their registration statement requirements. Why would the lenders do that?

They are finally working on the ASSP version of the semiconductor but what does this mean. Does this mean that the ASSP is still in the tape-out stage or has this been completed and TMSC is ready to manufacture.

There was no mention regarding the status of the PO from Exteme Copper.