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To: Dr. Id who wrote (136)7/11/2002 4:34:06 PM
From: Uncle Frank  Read Replies (1) | Respond to of 562
 
Hey, a bright light. Rambus meets earnings and beats revenues slightly.

Reuters Company News
Rambus' 3rd-qtr net income rises from a year ago

LOS ALTOS, Calif., July 11 (Reuters) - Rambus Inc. (NasdaqNM:RMBS - News), a developer of technology that speeds the performance of computer-memory chips, on Thursday reported fiscal third-quarter earnings that rose from a year ago as revenue steadied.

Los Altos, California-based Rambus said net income for the quarter ended June 30, rose to $5.9 million, or 6 cents a share, from $3.7 million, or 4 cents, a year ago. Revenue was little changed at $23.7 million compared with $23.3 million.

The three analysts surveyed by Thomson First Call on average expected Rambus to earn 6 cents a share, within a range of 6 cents to 7 cents. According to the two analysts who supplied forecasts, revenue was pegged at $22.5 million.

The quarter's revenue included $22.2 million in royalties from the memory-chip technology it licenses to memory-chip makers, up 12 percent from a year ago. Rambus said on June 20 it would meet revenue and profit expectations it had set in April.

In June, the U.S. Federal Trade Commission accused it of possibly misleading computer-chipmakers into adopting technologies for which it held or was seeking patents for chips used in a wide range of electronic gear. The company said in response it was confident it would be cleared of any wrongdoing.