Rambus (RMBS) +3.8% AH after: 1) Announcing a settlement and patent licensing deal with LSI, one...

|By:, SA News Editor

Rambus (RMBS) +3.8% AH after: 1) Announcing a settlement and patent licensing deal with LSI, one of the chipmakers it had filed an ITC complaint against. The licensing deal lasts through 2018. 2) Raising its Q1 revenue guidance range to $65M-$69M from a prior $58M-$63M, thanks to a one-time payment related to the LSI deal. The consensus is at $61M. Shares rose 6.4% in regular trading.