Mon, Jul. 18, 4:07 PM
Sun, Jul. 17, 5:35 PM
Mon, Jun. 6, 10:53 AM
- Rambus (RMBS +0.7%) is acquiring analog/mixed-signal chipmaker Semtech's (SMTC +0.6%) Snowbush IP serial link IP assets for $32.5M up-front plus "additional payments based upon specific new product sales through the end of 2022."
- Rambus says the purchase will complement its SerDes serial link IP portfolio, which has been licensed by IBM and others. CEO Ron Black: "By adding Snowbush IP into our portfolio, we are bolstering our SerDes business and accelerating our product position. This acquisition, along with our memory IP cores and chip business, will further build upon the existing product opportunities and expand our foundry partnerships."
- The deal follows Rambus' $92.5M purchase of Smart Card Software, a U.K.-based developer of mobile payments and smart ticketing technologies.
Tue, May 24, 10:17 AM
Mon, Apr. 18, 4:25 PM
- Rambus (NASDAQ:RMBS) has fallen 7.8% in after-hours trade following a narrow revenue miss in its Q1 earnings and Q2 guidance below analyst expectations.
- Revenue fell sequentially on lower patent and technology revenue royalties, with the hit to patent revenues causing a slightly Y/Y decline as well; "Achieving revenue in this range will require that the company sign new customer agreements for mobile payments software and solutions licensing among other matters."
- Revenue breakout: Royalties, $62.88M (down 6.1%); Contract and other revenue, $9.8M (up 64.8%).
- It's guiding for Q2 revenue of $72M-$77M, below a consensus $78.7M.
- Conference call to come at 5 p.m. ET.
- Press Release
Mon, Apr. 18, 4:11 PM
Mon, Apr. 18, 8:10 AM
- Rambus (NASDAQ:RMBS) reports Q1 earnings today after the close.
- In a recent note, Benchmark raised its price target to $15. Implied upsdie 10%. Firm has a Buy rating on the stock.
- "We continue to have strong conviction in the RMBS story, and we view CRD as the main growth engine for RMBS (with DIMM chipsets as a wildcard).
- "As it relates to growth, upside to estimates and drivers of future share price appreciation, factors to consider are: 1) organic rev. growth (FY16 rev. guide assumes no org. growth; FY17 cons. rev. est. assumes only low-single-digit-% organic growth), 2) accretion potential for SCS acquisition as U.S. GAAP accounting treatment annualizes) and 3) potential success of the DDR4 DIMM chipset in FY17."
- Firm believes that current 2017 consensus assumes no growth for the core RMBS business, no initial revenue contribution from DDR4 DIMM chipsets and no growth in the CRD business.
- Now read Chip Suppliers Stand To Benefit From Better-Than-Expected Galaxy S7 Sales »
Sun, Apr. 17, 5:35 PM
Mon, Feb. 29, 6:13 PM
- Rambus (NASDAQ:RMBS) is licensing patents covering countermeasures for DPA attacks to security chip IP core provider Athena Group for use in Athena cores designed into FPGAs and ASICs.
- Rambus: "By leveraging these advanced countermeasures implementations, Athena customers can ensure the data integrity of products that run applications requiring a high level of security, particularly those serving the aerospace and defense sectors."
- Rambus has previously struck security IP deals with Cisco and chipmaker Microsemi, among others. Shares are up 0.5% after hours to $13.09.
Tue, Jan. 26, 9:22 AM
Mon, Jan. 25, 4:33 PM
- In tandem with its Q4 report, Rambus (NASDAQ:RMBS) has announced the acquisition of U.K.-based Smart Card Software Ltd. for £64.7M ($92.5M) in cash (offshore?). Smart Card Software is the parent of mobile payment platform owner Bell ID and smart ticketing platform owner Ecebs. Both businesses will be added to Rambus' Cryptography Research unit; the acquisition is expected to be accretive to earnings within the first 12 months.
- Rambus: "[T]he technologies developed by Bell ID and Ecebs complement our CryptoManager platform ... The technologies created by Bell ID include a full suite of mobile payment solutions that support cloud-based services using host card emulation (HCE), EMVCo tokenization (TSP), trusted services management (TSM) for SIM-based projects and embedded secure element solutions. Ecebs is a leading supplier of smart ticketing systems to the UK transport markets and has developed software to meet the growing demand for cloud-based, secure ticketing schemes, which can open up lower cost smart ticketing to a wider market."
- Guidance: Q1 revenue guidance of $71M-$75M is only in-line with a $73M consensus. However, 2016 revenue guidance (perhaps lifted by the acquisition) is at $310M-$325M, above a $294.1M consensus and 2014's $296.3M.
- Q4 details: On a Y/Y basis, Q4 revenue (+7%) benefited from higher royalty revenue from SK Hynix and IBM, the Toshiba patent license renewal, and higher contract revenue. This was partly offset by lower Renesas and STMicroelectronics royalty revenue. Operating costs/expenses rose only 4% Y/Y to $56.4M. Rambus ended Q4 with $287.7M in cash, and $121M in convertible debt. 7.8M shares were purchased via Rambus' accelerated buyback (previously announced).
- Rambus has risen to $11.90 after hours.
- Rambus' Q4 results, earnings release
Mon, Jan. 25, 4:08 PM
- Rambus (NASDAQ:RMBS): Q4 EPS of $0.18 beats by $0.03.
- Revenue of $76.8M (+6.6% Y/Y) beats by $3.08M.
- Shares +1.96%.
Mon, Jan. 25, 9:45 AM
- Nearly six years after announcing a patent license renewal with AMD that would last through Q3 2015, Rambus (RMBS +1.4%) has announced a 5-year license extension with the CPU/GPU developer that covers chips and circuit board products. As usual, terms are confidential.
- The news comes less than a month after a 3-year Toshiba license extension was announced, and ahead of Rambus' Q4 report (due this afternoon).
Sun, Jan. 24, 5:35 PM
Dec. 28, 2015, 5:39 PM
Dec. 28, 2015, 4:59 PM
- In a deal said to represent an expanded collaboration between the companies, Rambus' (NASDAQ:RMBS) memory IP licensing deal with Toshiba, previously renewed in 2011, has been extended for three years.
- The extension covers "SoCs with DRAM memory controllers and/or serial link interfaces, as well as Flash Memory and system products." As usual, terms are undisclosed.
- RMBS +1.2% after hours to $12.02. Extensions were inked with SK Hynix and Renesas earlier this year.
Rambus, Inc. engages in the provision of inventions and technology solutions. It operates through the following segments: Memory & Interfaces Division, Cryptography Research Division, Emerging Solutions Division, and Lighting & Display Technologies. The Memory & Interfaces Division segment... More
Industry: Semiconductor - Memory Chips
Country: United States
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