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To: RR who wrote (43297)	10/16/2001 4:10:36 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

16:07 ET IBM (IBM) 101.85 -0.15: -- Update -- Reports Q3 net of $0.90, a penny better than the First Call consensus but in line with Multex; revenues of $20.4 bln were below the Multex consensus of $20.93 bln.

To: RR who wrote (43297)	10/16/2001 4:15:15 PM
From: Sully-	Respond to of 65232

16:11 ET RF Micro Device (RFMD) 24.43 +0.90: Company reports Q2 net of $0.01 a share, $0.01 better than consensus, vs yr-ago EPS of $0.10. Rev. was $98.3 mln (mean $92.7 mln), up 40.3% sequentially and off 4% yr/yr... forecasts Q4 rev of appox $99-$103 mln (mean $101.1 mln) and EPS of $0.01-$0.02 (mean $0.02).

To: RR who wrote (43297)	10/16/2001 4:17:00 PM
From: Sully-	Respond to of 65232

Rambus Reports Strong Fourth Fiscal Quarter Earnings Earnings per share of 6 cents LOS ALTOS, Calif.--(BUSINESS WIRE)--Oct. 16, 2001-- Q4 earnings announcement call live on website (www.rambus.com) at 1:30 p.m. PDT. Conference call replay number 800-839-9318; replay also available on website. Replay available for one week, beginning at 4:00 p.m. PDT. Rambus Inc. (Nasdaq:RMBS - news) today reported financial results for its fourth fiscal quarter ended and year-ended September 30, 2001. Pro forma earnings per share for the fourth fiscal quarter were 6 cents versus a consensus analysts' estimate of 4 cents. Pro forma earnings per share for the fiscal year were 30 cents versus 20 cents in the prior year. Revenue for the quarter was $27.9 million, up 4% over the same period last year and up 20% from the previous quarter. Revenue for the year-ended September 30, 2001 was $117.2 million, up 62% from the prior year. In addition, the Rambus Inc. Board of Directors has authorized the repurchase of up to 5 million shares of the Company's common stock in open market transactions effective immediately and over an indefinite period. Fourth fiscal quarter results include $25.1 million in royalties, up 27% from the previous quarter. This reflects strong growth in royalties associated with memory controllers partially offset by a decline in royalties associated with memory devices. Memory device royalties continue to be driven by the dramatic price drops in the industry. Excluding acquisition-related costs, pro forma net income for the fourth fiscal quarter was $6.6 million (24% of revenues), compared to $10.2 million (38% of revenues) in the same period last year and $3.9 million (17% of revenues) in the previous quarter. Pro forma net income for the year was $31.8 million (27% of revenues) compared to $21.5 million (30% of revenues). Operating expenses in the September 2001 quarter declined $1.8 million from last quarter. The decline was driven by a significant reduction in litigation costs. Costs associated with litigation were down to $6.8 million in the fourth fiscal quarter versus $8.8 million in the prior quarter. Operational expense controls offset previously planned increases in marketing expense. Overall, operating expenses were $19.4 million versus $21.2 million last quarter and $12.4 million in the same period last year, on a pro-forma basis. ``We are pleased to have strong profitability in this difficult business environment. These profits are the result of our innovations and our business model,'' said Geoff Tate, CEO of Rambus Inc. ``We are looking forward to outlining our newest inventions at the Rambus Developers Forum on Monday.'' There will be a webcast of the analyst portion of the Rambus Developers Forum available through www.rambus.com. Rambus Inc. designs, develops and licenses high bandwidth chip-connection technology and provides the comprehensive engineering support necessary for a complete system solution. Rambus' technology and intellectual property are licensed to leading semiconductor suppliers including DRAM, controller and microprocessor manufacturers, ASIC developers, and foundries for use in computer, consumer and networking systems such as personal computers, workstations, servers, game consoles, set top boxes, digital HDTVs, printers, high-speed switches and routers. This release and the conference call on today's date contain forward-looking statements regarding the Company's financial prospects, development plans, anticipated product shipment dates, relations with licensees and other third parties and various other matters. Actual results may differ materially. Among the reasons which could cause actual results to differ materially is the possibility of inadequate shipments of Rambus DRAMs and controllers for the Sony PlayStation2 and the PC main memory market, the continued deterioration in the DRAM market, the market response to these products, any delay in the development of Rambus-based products by licensees, any delay in the development and shipment of new Rambus products, any delay in the development and shipment of products compatible with Rambus products, a greater-than-expected response of the market to competing technology, a lack of progress on price and cost reduction by RDRAM suppliers, a lack of progress on signing new contracts for both RDRAM-compatible and SDRAM-compatible ICs, adverse litigation decisions and other factors which are available in our SEC filings including our 10-K and 10-Qs. <snip> biz.yahoo.com