....I see so many posts regarding the dividend as a reward

for the long term shareholder. i really just do not see

it that way. i cant imagine a company let alone PTSC thinking they need to reward the shareholder for suffering or hanging in their. i am a naive soul so forgive me but

the dividends IMO was for S/L to stop the continual

carnage they have bestowed upon the stock price.

i am grateful for the dividend. But .02, .04 and the

generous repurchase of the outstanding warrants was for

S/L. They are now long on the stock and PTSC has paid

them their ``just dues``. I really never imagined a day that PTSC would remove the debt financing. this is a very

difficult step for any company to remove themselves from the ``debt financing spiral``. this speaks volumes for

PTSC stability in the future. i am long and strong and

feel we are undervalued regardless of the business scenario

you place upon PTSC when evaluating. Rambus does not own

the type patent we have and PTSC has no debt or liability

of employees,or for that matter,an infrastructure to

support. it all goes to the bottom line.

intel thought enough of the patent that they licensed via

moore and tpl without any reported threat of litigation.

amd, then purchased the other half from ptsc...imo....as

defensive move to prevent intel from controlling the

patent. the 2 chip titans each have a stake in the

patent. IMO, intel via moore and amd via ptsc. hard to

imagine a scenario where future revenues are not in the

future.

best of luck to all.

teremoto