Rambus issues strong guidance, shares +2.3% AH

Rambus (RMBS) expects 2014 revenue and customer licensing income of $295M-$305M, above a $287.5M consensus.

Q4 customer licensing income was $73.9M, down slightly Q/Q but up 20% Y/Y thanks to licensing deals with SK Hynix, Micron, STMicroelectronics, and LSI. Opex was $44.2M, +3% Q/Q but -2% Y/Y. Litigation costs only amounted to $1.4M.

Rambus' cash/investment balance rose by $21.3M Q/Q to $387.7M.

CC at 5PM ET. Shares gained 6.6% in regular trading, perhaps lifted by enthusiasm about Rambus' plans to develop a camera image sensor that requires no optical lens.

Q4 results, PR

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