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John P. Gavin, CFA, is the founder and CEO of Disclosure Insight®, an independent publisher of investment research. Mr. Gavin has spent his entire career of over 25 years in the financial services industry. Prior to starting “DI” in 2000, he worked as an equity analyst and portfolio manager with... More
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  • Rambus’ License Agreement with Broadcom Will Reduce Its Dependence on a Small Number of Customers 0 comments
    Dec 27, 2011 1:32 PM | about stocks: RMBS, AVGO

    On 22-Dec-11, Rambus, Inc. (NASDAQ: RMBS), a provider of patented innovations and technologies through either patent or technology licenses, announced that it signed a 5-year patent license agreement with Broadcom Corporation (NYSE: BRCM). With revenue historically derived from the receipt of royalties from a select number of customers, this agreement with BRCM is a step towards reducing RMBS’ revenue concentration risk through increasing the breadth of its customer base.

    During 2010, the company’s two largest customers, Samsung and Elpida, together accounted for 71% of revenue. During the first nine months of 2011, Elpida, Freescale, NVIDIA, and Samsung each accounted for more than 10% of total revenue and together aggregated to approximately 63%.

    Here is the press release on the license agreement.

    Stocks: RMBS, AVGO
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