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

To: Victor Lazlo who wrote (39739)	4/12/2000 9:18:00 PM
From: Don Green	Respond to of 93625

Rambus Narrowly Beats Wall Street Expectations An INTERACTIVE JOURNAL News Roundup MOUNTAIN VIEW, Calif. -- Rambus Inc. narrowly beat Wall Street's expectations Wednesday with a profit excluding one-time employee compensation charges. The high-speed chip company posted a second-quarter loss of $166.8 million, or $6.98 a share, compared with a profit of $2 million, or eight cents a share, in the year-earlier period. But the latest-quarter figures included a one-time charge of $171.1 million for employee-compensation expenses. Excluding that and other charges, the company said its pro forma operating profit was $4 million, or 15 cents a share, double the $2 million, or eight cents a share in the year-ago quarter. Rambus, Minus 'Dot-Com,' Is Behaving a Lot Like One (Mar. 21) The mean of analysts' estimates for the latest quarter was 14 cents a share in a survey by First Call/Thomson Financial. Rambus said its revenue for the second quarter was $15.7 million, up 59% from $9.9 million in the year-ago period. The latest-quarter revenue includes about $4.4 million of deferred revenue recognized on a contract terminated by Rambus. Rambus also received $3.5 million in royalties received from licensees in the second quarter, based on shipments of Rambus integrated circuits in the the October-December period. The company said this an increase of 83% over the year-earlier period. Rambus technology speeds the flow of data from logic chips to memory chips inside a computer. The company has been protected from wild swings in the memory-chip market, partly since it licenses its technology not just for PCs, but for video games and communications equipment. Intel Corp., the chip industry's dominant force, endorsed Rambus in 1996. But recently, Intel decided to support other rival memory technologies, although the company denied it was pulling away from Rambus.