Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 119.54

-4.0%

3:12 PM EST

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To: jim kelley who wrote (64161)	1/11/2001 5:47:54 PM
From: Barry Grossman	Read Replies (1) of 93625

Here's my quick and dirty conference call notes: Harmon: summary and analysis of the results for the quarter We are now at a $140M annual run rate on revs 1yr ago cont rev 78% of total current is now 77% royalties royalties are from RDRAM and SDRAM produced by DRAM liscensees included are for the 1st time are sdram ROYALTIES FROM Samsung and Mitsubishi Contract revs went from 7.9M vs 7M 1.5M recognized from cancellation of a contract op expenses only inreased 19% 57% op margin for the q in the q exp shifted to r&d from cost of revs expenses: 60% r&D 40% cost of revs litigation exp is driving the administration exp and in 1st q they will rise because several will go to trial and increase this expense i the next q Earned .12/sh diluted even after changing the tax rate and 220k of acquisition related costs Woul;d have been +.01 if no change in tax rate Cash bal inc by 12M to 144M in cash Tate: Re current state of rambus business Established as most profitable in the semi area "RDRAM has become the mainstream standard" 150 systems now contain RDRAMof which 130 are pc systems now Significant progress has been made and is being made in other areas eg the Sony PS2 & RDRAM digital tvs & set-top boxes introduced in Japan Increased production of RDRAM is happening because of P4 and 850 chipset. "We are seeing a strong ramp" Elpida also signed this q - Now 7 liscensees are paying royalties and they have 45% share of w/w dram mkt and are the largest logic producers. In the current actions we brought several are scehduled for trial this q: Infineon in VA - 3/13 jury trial scheduled Infineaon in Germany was set for Dec 00 but now trial is set for 5/01 with new judge Hyundai and Mu both sued RMBS Hyundai was countersued by Rambus and set for a 2/16 trial in Germany MU Delaware trial in October MU countersued by RMBS and German trial set for same day as Hyundai trial in the same court In our opinion there has been nothing in any of these actions that ...yadda yadda yadda

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