Rambus (RMBS -15.1%) dives following its Q2 miss. During its earnings call, the memory...
Friday, July 20, 2012, 11:19 AM ETRambus (RMBS -15.1%) dives following its Q2 miss. During its earnings call, the memory technology firm noted licensing income fell 12% Q/Q thanks to lower royalty payments from Nvidia, and lower variable fees from Samsung and bankrupt Elpida. Rambus also guided for Q3 revenue of $54M-$60M, below a consensus of $62M, and said it's uncertain about future Elpida payments, as the DRAM maker is absorbed by long-time Rambus nemesis Micron.
TECH ETFs IN FOCUS
Latest Tech Articles