To: Profi who wrote (2598 ) 12/8/1997 10:56:00 PM From: MR. PANAMA (I am a PLAYER) Respond to of 93625
OLD BUT GOOD "MEMORIES" ....will they deliver again this January???? Rambus Reports Fiscal Year and Fourth Quarter Results MOUNTAIN VIEW, Calif - October. 14, 1997 - Rambus Inc. (Nasdaq:RMBS) today reported financial results for the three and twelve month periods ended September 30, 1997.ÿ Fourth quarter revenues of $7.8 million were up 132% over the same period last year, and 15% over the previous quarter.ÿ Revenues for the full fiscal year were $26.0 million, an increase of 131% over fiscal 1996. Operating income for the fourth quarter was $933,000, compared to an operating loss of $1.1 million in the same period last year and operating income of $505,000 in the previous quarter.ÿ For the full year, operating income increased to $2.0 million compared to a loss of $4.6 million last year.ÿ Fourth quarter earnings per share were $0.04 compared to a loss of $0.18 per share in the same period last year and earnings of $0.02 per share in the previous quarter.ÿ Earnings per share for the full fiscal year 1997 were $0.09 compared to a loss of $0.73 in fiscal 1996. As a result of the receipt of payments from its licensees, the Company's cash, cash equivalents and marketable securities reached a total of $71.8 million at September 30, 1997, up from $55.0 million at the end of the previous quarter. Rambus Inc. designs, develops, licenses and markets high-speed chip-to-chip interface technology to enhance the performance and cost-effectiveness of consumer electronics, computer systems and other electronic systems.ÿ Rambus Inc. licenses semiconductor companies to manufacture and sell memory and logic ICs incorporating Rambus interface technology and markets its solution to systems companies to encourage them to design Rambus interface technology into their products.