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Rambus (NASDAQ:RMBS) +2% AH after announcing a patent settlement/licensing deal with...

Jun. 17, 2013 4:47 PM ETRambus Inc. (RMBS) StockSTM, RMBSBy: Eric Jhonsa, SA News Editor

Rambus (NASDAQ:RMBS) +2% AH after announcing a patent settlement/licensing deal with STMicroelectronics (NYSE:STM). The deal resolves all outstanding claims - ST has been one of Rambus' ITC legal adversaries, covers the licensing of Rambus' memory and cryptography IP, and gives Rambus access to ST's silicon on insulator tech for use in future memory/interface tech development. Separately, Rambus is narrowing its Q2 revenue guidance range to $56M-$58M from $53M-$58M (consensus is at $57M). (SK Hynix deal) (LSI deal)

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