Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 89.59

+2.2%

2:38 PM EST

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To: JAF who wrote (5905)	7/30/1998 12:58:00 PM
From: Rachel M. Kuecks	Read Replies (2) of 93625

This is from their 10Q In a few cases, the Company has received nonrefundable, prepaid royalties which offset the earliest royalty payments otherwise due from the licensee. As of March 31, 1998, $3.3 million of such nonrefundable, prepaid royalties had offset initial royalties, and the Company had a balance of $3.5 million remaining to be offset against future royalties. Substantially all of the license fees, engineering service fees and nonrefundable, prepaid royalties are bundled together as contract fees because the Company generally does not provide or price these components separately. The contracts also generally include rights to upgrades and enhancements. Accordingly, Rambus recognizes contract revenues ratably over the period during which post-contract customer support is expected to be provided. The excess of contract fees received over contract revenue recognized is shown on the Company's balance sheet as "deferred revenue." As of March 31, 1998, the Company's deferred revenue was $64.2 million, substantially all of which is scheduled to be recognized in varying amounts over the next five years.

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