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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (53745)	7/12/2002 1:15:34 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

RMBS--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 litigation expenses fell. ADVERTISEMENT 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. Rambus also expects to report fiscal fourth-quarter net income of 5 cents, the company's chief financial said on a conference call Thursday. Robert Eulau, Rambus' chief financial officer, also told analysts on the conference call he expects revenue in the fourth quarter not to "differ significantly" from the third quarter's $23.7 million. According to three analysts who supplied forecasts to Thomson First Call, the company was expected to earn 7 cents a share in the fourth quarter. According to two analysts who supplied forecasts, revenue was pegged at $23 million. Eulau also said that litigation expense is expected to be below $3 million, but added that it was very difficult to forecast accurately given the number of lawsuits it is involved in. A number of companies, including Infineon Technologies, as well as the U.S. Federal Trade Commission, have either sued Rambus or launched an investigation into the legitimacy of Rambus' patents. Rambus' litigation expenses in the third quarter were $2.36 million, down from $8.76 million a year ago, but increased from $1.63 million in the second quarter. Shares of Rambus rose 20 cents to $4.67 on the Nasdaq on Thursday, before the results were released, which came after the close of regular U.S. trading. The stock has declined 44 percent this year.