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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Jdaasoc who wrote (32198)	10/15/1999 12:00:00 PM
From: Ian@SI	Respond to of 93625

Looks like RMBS is up to its old tricks again - going to the cookie jar to rescue earnings for the Quarter. It looks as if the Quarter would have been breakeven at best (depending upon what tax rate one uses) had they not changed their accounting policy to pull in $3.3M of reserves from the cookie jar. One has to ask when the cookie jar will be empty and RMBS forced to just report its actual earnings. Ian. ++++++++++++++++ Rambus Profit Rises by 52%, Exceeding Lowered Estimates By a WALL STREET JOURNAL Staff Reporter MOUNTAIN VIEW, Calif. -- Rambus Inc. beat analysts' reduced expectations for the fiscal fourth quarter as the company reaped royalties on its memory-chip technologies from Nintendo Co. and recognized previously deferred revenue from its support business. Rambus Shares Plummet as Intel Chip Set Is Delayed (Sept. 28) For the quarter ended Sept. 30, Rambus net income rose by 52% to $2.7 million, or 10 cents a diluted share, from $1.7 million, or seven cents a share, a year earlier. Revenue climbed by 27% to $12.3 million from $9.7 million a year earlier. The results included $3.3 million of previously deferred revenue related to support contracts for customers that license Rambus's memory technology, which can make memory chips for personal computers run as much as eight times faster than current chips. Analysts expected the company to report earnings of seven cents a share, according to First Call/Thomson Financial. Gary Harmon, chief financial officer, said most of the revenue is coming from royalties for Rambus memory chips used in Nintendo 64 video-game consoles. Mr. Harmon said he couldn't comment on the company's biggest headache: Intel Corp.'s delay in launching PC parts that would incorporate Rambus memory in personal computers. Intel delayed its 820 "chip set" in September and has said only that it will introduce the product during the fourth quarter. Earnings expectations were lowered following news of the delay. Mr. Harmon said Rambus continues to work with Intel to try to fix the problem in the chip sets, which control the flow of data within a computer. Rambus stock rose $1.5625 to $72.75 in Nasdaq Stock Market trading Thursday.

To: Jdaasoc who wrote (32198)	10/15/1999 12:03:00 PM
From: Allen champ	Read Replies (1) \| Respond to of 93625

Ouch, Greenspan will speak in an hour in Washington.

To: Jdaasoc who wrote (32198)	10/15/1999 1:56:00 PM
From: NHBob	Read Replies (2) \| Respond to of 93625

John, Yes. As I PM'd elsewhere, I'm looking for the confirmations needed to get back long; just seems that the time for Tate to hold everything steady & above reproach is now, esp. since the results are decent w/o the change of income recognition. I mean, it feels like a wasted goodie, that could have really boosted the stock after the fundamental uncertainty is favorably resolved. Doing it this way, now, is disquieting, a bit lame, like an ace played at the wrong time. I'd rather he Goose the stock later, like to bust thru resistance at, say 120 :-)