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Non-Tech : The Critical Investing Workshop

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To: JHP who wrote (35389)	4/12/2001 5:41:17 PM
From: nolimitz	Read Replies (1) of 35685

Opps! Gotta watch them legal fees. Memory chipmaker Rambus (RMBS: news, msgs, alerts) reported second-quarter net income of $8.2 million, or 8 cents a share, compared with $4 million, or 4 cents a share, during the same quarter last year. Three analysts surveyed by First Call/Thomson Financial expected earnings of between 10 cents and 12 cents a share. Revenue was $31.2 million compared with $15.7 million during the same quarter last year. According to a company statement, results for the second quarter show the effects of declining SDRAM prices and legal costs associated with intellectual property defenses. This cost and expense level will be maintained in the third quarter. Rambus' shares have been yanked sharply up and down in the recent months as investors fret over its patent infringement lawsuits against other chip companies regarding SDRAM, a slower and cheaper option to its proprietary technology. Shares rose $1.29, or 7.1 percent, to $19.53 in Nasdaq action, but slid to $18.24 on Island..

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