Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: nolimitz who wrote (35390)	4/12/2001 7:56:30 PM
From: bonnuss_in_austin	Respond to of 35685

LOL, nolimitz ... hey: don't you know that this is 'old news?' "RMBS to 200." Ya gotta keep up with the program, no. NEWP is the current answer to 'all of our prayers.' If you haven't bought that one ... on every dip ... from high 80s right on down ... you must qualify as one of those "Wharton School of Business fools," okay? P/E? F*ck that. That's another useless detail that only interests the anal-retentive 'doubters' of the 'faith.' Okay? You got that? Please 'straighten up' your thinking or otherwise, 'decent people' won't like you. <g> Happy Easter, no ... et al ... bia ___________________________ RMBS--Rambus Q2 earnings miss analysts' consensus estimate (UPDATE: Adds details, background from sixth paragraph on) LOS ALTOS, Calif., April 12 (Reuters) - Rambus Inc., a developer of technology to speed the performance of memory chips, on Wednesday reported fiscal second-quarter earnings that fell below expectations amid falling prices and mounting legal expenses arising from litigation. ADVERTISEMENT For the quarter ended March 31, Rambus (NasdaqNM:RMBS - news) said it had a profit before acquisition-related charges of $8.2 million, or 8 cents a share, compared with a loss of $166,841, or 4 cents, a year ago. Revenues rose to $31.2 million from $15.7 million. Analysts, on average, had forecast Los Altos, Calif.-based Rambus to earn 11 cents a share, according to Thomson Financial/First Call. ``Our second fiscal quarter results show the effect of both declining SDRAM prices and costs associated with the continuing vigorous legal defense of our intellectual property,'' said Geoff Tate, chief executive of Rambus, in a statement. Rambus stock rose $1.29, or about 7 percent, to $19.53 on the Nasdaq. The shares are close to a year low of $15.67 and well off a year high of $127. To a large extent, Rambus is looking to Intel Corp.'s (NasdaqNM:INTC - news) Pentium 4 chip to help boost sales. The only type of memory chip that the Pentium 4 can work with now is dynamic random-access memory with Rambus technology, or an RDRAM chip. Higher volumes of the Pentium 4 chip are expected in the fourth quarter of this year, as Intel starts rolling out the Pentium 4 chips made with 0.13 micron process technology. RDRAMs are also used in Sony Corp.'s PlayStation2 and some digital televisions, Tate said. He added that falling prices -- on the order of 50 percent from the previous quarter -- for synchronous DRAM chips, or SDRAMs, hurt sales in the quarter and noted that the trend will likely continue in the current, third quarter. Rambus now expects a decline in total revenue from current SDRAM-compatible integrated circuits of 20 percent, plus or minus several points, from that in the second quarter. Contract revenue in the quarter fell 38 percent to $7.58 million from $12.2 million, while revenue from royalties rose almost seven-fold to $23.7 million from $3.5 million, Rambus said. Currently, Rambus is embroiled in litigation with Hyundai, Micron Technology Inc. and Infineon. Delays in litigation with these companies, Tate said, meant that legal costs exceeded the company's expectations for the quarter.