RMBS Anyone got opinions on this one? TIA.
*DJ Rambus 2Q Pro Forma Net 8c/Diluted Shr >RMBS
12 Apr 16:17
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04:17 PM
*DJ Rambus 2Q Rev $31.2M Vs $15.7M >RMBS
12 Apr 16:18
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04:18 PM
*DJ Rambus: Litigation Expenses Exceeded Expectations
12 Apr 16:18
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04:18 PM
*DJ Rambus Sees 3Q 20% Sequential Rev Decline From Licensees
12 Apr 16:20
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04:20 PM
*DJ Rambus Sees Some Decisions In Litigation Next Quarter
12 Apr 16:20
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04:20 PM
*DJ Rambus 2Q Net 7c/Diluted Shr Vs Loss $1.75
12 Apr 16:21
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04:21 PM
DJ Rambus Earnings -2: 2Q Fincl Table, Comment >RMBS
12 Apr 16:57
Rambus Inc. - Los Altos, Calif.
2nd Quar March 31:
2001 2000
Revenue $31,246,000 $15,694,000
Net income a 8,042,000 b (166,841,000)
Avg shrs (basic) 99,087,000 95,557,000
Avg shrs (diluted) 107,588,000 95,557,000
Shr earns (basic)
Net income a .08 b (1.75)
Shr earns (diluted)
Net income a .07 c ....
Figures in parentheses are losses.
Per share figures reflect 4-for-1 stock split effected in June 2000.
a. Includes $221,000 in acquisition-related expenses. Excluding charge,
income was $8.2 million, or 8 cents a diluted share.
b. Includes $171.1 million in employee compensation expense. Excluding
charge, income was $4 million, or 4 cents a diluted share.
Rambus Inc. (RMBS) said results in the latest second quarter include $23.7
million in royalties revenue, nearly seven times last year's royalties of $3.5
million.
Operating expenses in the latest second quarter also include $7.3 million in
litigation costs compared with $660,000 last year and $4.3 million in the first
quarter.
Rambus said litigation expenses rose sharply at the end of the second quarter
due to Infineon Technologies AG's (IFX) late production of documents in the
Richmond case, which resulted in additional depositions.
As reported, Rambus is suing Infineon for allegedly violating Rambus' patents
on DRAM semiconductor connection systems.
In March, a federal judge granted Rambus' request to delay the trial after
its attorneys claimed that Infineon failed to fully disclose internal documents
related to the suit.
(MORE) DOW JONES NEWS 04-12-01
04:57 PM
DJ Rambus Earnings -3:
12 Apr 18:01
Rambus' second quarter includes $2.1 million in deferred revenue, compared
with $1.5 million in the first quarter.
The company said second quarter results, which missed analysts' consensus
estimates by 3 cents, were hurt by the declining SDRAM prices and litigation
costs.
Rambus also blamed higher rent and other operating expenses.
The company expects expenses to remain level in the third quarter, but total
revenue from current licenses is expected to decline 20% sequentially in the
third quarter, plus or minus several points.
Rambus, which derives the majority of its royalties from SDRAM-compatible
ICs, blamed a reduction in the average selling price of SDRAM ASPs.
Based on second quarter revenue of $31.2 million, Rambus estimates third
quarter revenue of about $24.96 million, compared with $17.8 million in the
year-ago third quarter.
Rambus said its revenue outlook may improve if its signs additional
licensees.
Rambus' litigation expenses exceeded its expectations because of delays in
the Infineon case as well as in its patent litigation with Hyundai Electronics
Industries Co. (Q.HEL) and Micron Technology Inc. (MU).
Last August, Micron sued Rambus for alleged violations of federal antitrust
laws, and the invalidity, non-infringement and non-enforceability of certain
Rambus patents.
Hyundai filed a suit seeking a court order to declare its products don't
infringe Rambus patents.
In September, Rambus filed its own patent infringement suits against Hyundai
and Micron and also asked the U.S. International Trade Commission to
investigate "unlawful importation" of Hyundai SDRAM and DDR SDRAM memory
products which Rambus said are covered by its parnts.
On Feb. 13, Rambus said the judge in the suit against Hyundai and Micron
Technologies delayed the trial on the substantive issues and focused instead on
procedural issues.
Rambus said Thursday it expects some decisions related to the litigation in
the third quarter.
Rambus' shares were recently quoted at $18.30 on the Island ECN order book,
down from their regular-session close of $19.53 on the Nasdaq National Market.
(MORE) DOW JONES NEWS 04-12-01
06:01 PM
DJ REPEAT: Rambus Earnings -3: Higher Costs Hurt 2Q >RMBS
12 Apr 18:02
Rambus' second quarter includes $2.1 million in deferred revenue, compared
with $1.5 million in the first quarter.
The company said second quarter results, which missed analysts' consensus
estimates by 3 cents, were hurt by the declining SDRAM prices and litigation
costs.
Rambus also blamed higher rent and other operating expenses.
The company expects expenses to remain level in the third quarter, but total
revenue from current licenses is expected to decline 20% sequentially in the
third quarter, plus or minus several points.
Rambus, which derives the majority of its royalties from SDRAM-compatible
ICs, blamed a reduction in the average selling price of SDRAM ASPs.
Based on second quarter revenue of $31.2 million, Rambus estimates third
quarter revenue of about $24.96 million, compared with $17.8 million in the
year-ago third quarter.
Rambus said its revenue outlook may improve if its signs additional
licensees.
Rambus' litigation expenses exceeded its expectations because of delays in
the Infineon case as well as in its patent litigation with Hyundai Electronics
Industries Co. (Q.HEL) and Micron Technology Inc. (MU).
Last August, Micron sued Rambus for alleged violations of federal antitrust
laws, and the invalidity, non-infringement and non-enforceability of certain
Rambus patents.
Hyundai filed a suit seeking a court order to declare its products don't
infringe Rambus patents.
In September, Rambus filed its own patent infringement suits against Hyundai
and Micron and also asked the U.S. International Trade Commission to
investigate "unlawful importation" of Hyundai SDRAM and DDR SDRAM memory
products which Rambus said are covered by its parnts.
On Feb. 13, Rambus said the judge in the suit against Hyundai and Micron
Technologies delayed the trial on the substantive issues and focused instead on
procedural issues.
Rambus said Thursday it expects some decisions related to the litigation in
the third quarter.
Rambus' shares were recently quoted at $18.30 on the Island ECN order book,
down from their regular-session close of $19.53 on the Nasdaq National Market.
(MORE) DOW JONES NEWS 04-12-01
06:02 PM
DJ REPEAT:Rambus Earnings -2: 2Q Fincl Table, Comment
12 Apr 18:15
Rambus Inc. - Los Altos, Calif.
2nd Quar March 31:
2001 2000
Revenue $31,246,000 $15,694,000
Net income a 8,042,000 b (166,841,000)
Avg shrs (basic) 99,087,000 95,557,000
Avg shrs (diluted) 107,588,000 95,557,000
Shr earns (basic)
Net income a .08 b (1.75)
Shr earns (diluted)
Net income a .07 c ....
Figures in parentheses are losses.
Per share figures reflect 4-for-1 stock split effected in June 2000.
a. Includes $221,000 in acquisition-related expenses. Excluding charge,
income was $8.2 million, or 8 cents a diluted share.
b. Includes $171.1 million in employee compensation expense. Excluding
charge, income was $4 million, or 4 cents a diluted share.
c. Antidilutive.
Rambus Inc. (RMBS) said results in the latest second quarter include $23.7
million in royalties revenue, nearly seven times last year's royalties of $3.5
million.
Operating expenses in the latest second quarter also include $7.3 million in
litigation costs compared with $660,000 last year and $4.3 million in the first
quarter.
Rambus said litigation expenses rose sharply at the end of the second quarter
due to Infineon Technologies AG's (IFX) late production of documents in the
Richmond case, which resulted in additional depositions.
As reported, Rambus is suing Infineon for allegedly violating Rambus' patents
on DRAM semiconductor connection systems.
In March, a federal judge granted Rambus' request to delay the trial after
its attorneys claimed that Infineon failed to fully disclose internal documents
related to the suit.
(MORE) DOW JONES NEWS 04-12-01
06:15 PM |
