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RMBS

Rambus, Inc.

6/19/2013, 2:05 PM ET

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| On the move

Monday, June 17, 4:47 PM Rambus (RMBS) +2% AH after announcing a patent settlement/licensing deal with STMicroelectronics (STM). The deal resolves all outstanding claims - ST has been one of Rambus' ITC legal adversaries, covers the licensing of Rambus' memory and cryptography IP, and gives Rambus access to ST's silicon on insulator tech for use in future memory/interface tech development. Separately, Rambus is narrowing its Q2 revenue guidance range to $56M-$58M from $53M-$58M (consensus is at $57M). (SK Hynix deal) (LSI deal) Comment! [Tech, Earnings, On the Move, Breaking News]
Tuesday, June 11, 5:30 PM After-hours top gainers, as of 5:15 p.m.: RMBS +8%. ULTA +8%. LND +5%. BNNY +5%. Z +3%.
After-hours top losers: IEP -5%. FSLR -4%. BCOV -3%. GOL -3%. NCT -3%. Comment! [On the Move]
Tuesday, June 11, 4:10 PM Rambus (RMBS) +9% AH after announcing a patent license deal with DRAM giant and long-time legal adversary SK Hynix. The deal settles "all outstanding claims," and will net Rambus DRAM license payments of $12M/quarter for the next 5 years; other terms are confidential. CC at 5PM ET (webcast). Comment! [Tech, On the Move, Breaking News]
Friday, June 7, 9:33 AM Topeka launches coverage on the chip sector. NXP (NXPI -1.5%), Broadcom (BRCM +1.3%), Amkor (AMKR +0.5%), Freescale (FSL -0.5%), and Rambus (RMBS +0.5%) have been started at Buy, and ARM (ARMH -2.1%), Qualcomm (QCOM -2%), Applied Micro (AMCC +0.3%), and Mellanox (MLNX +1.9%) have been started at Hold. Mellanox isn't exactly a chip stock, though the company does use internally-developed ASICs in its adapter cards and switches. Qualcomm may be pressured this morning by reports of Samsung Galaxy S4 order and forecast cuts (I, II) 1 Comment [Tech]
Thursday, May 9, 10:14 AM Rambus (RMBS -2.5%) initially trades higher, then sells off after the judge presiding over its infringement suit against SK Hynix fines the company $250M for destroying documents, while affirming past rulings declaring Hynix guilty of infringement. The $250M will be applied as a credit to a $349M + interest award assigned to Rambus following an '06 verdict, and a royalty rate of 0.8%-0.85% will be applied to infringing SK Hynix chips. (previous: I, II) Comment! [Tech, On the Move]
Friday, April 26, 2:37 PM Rambus (RMBS +3.6%) continues a strong week after hosting its annual meeting yesterday afternoon (transcript), and filing its Q1 10-Q this morning. During the meeting, CEO Ronald Black promised litigation expenses will continue to drop, and touted the potential of Rambus' LED bulb design (said to require fewer LEDs and offer superior reliability), and mentioned the company has a solar cell prototype that leverages its LED tech. Shares fell last week in response to Rambus' Q1 miss and light Q2 guidance. Comment! [Tech, On the Move]
Friday, April 19, 1:09 PM Midday top 10 gainers: VRTX +60%. NETE +33%. RH +21%. MCOX +18%. OSTK +17%. HWAY +17%. NVDQ +16%. ANAC +12%. LIVE +11%. CMG +10%.
Midday top 10 losers: ACTG -25%. VIMC -15%. PRGX -14%. AIRM -14%. NSIT -12%. CNIT -11%. RMBS -10%. CRME -10%. DIT -9%. OSH -9%. 1 Comment [On the Move]
Friday, April 19, 1:02 PM Rambus (RMBS -10.4%) gives back a large chunk of its April gains after missing Q1 estimates and guiding on its earnings call for Q2 revenue of $53M-$58M, below the $61M forecast by the one analyst providing estimates. Customer license income is expected to fall to $56M-$61M from Q1's $72.1M. The guidance is blamed on seasonality and a lack of one-time payments recognized in Q1. A 6% Q/Q increase in operating costs/expenses pressured Q1 results; they nonetheless fell 19% Y/Y, thanks to lower R&D, legal, and M&A-related expenses. Comment! [Tech, Earnings, On the Move]
Thursday, April 18, 4:07 PM Rambus (RMBS): Q1 EPS of -$0.09 misses by $0.05. Revenue of $66.9M misses by $0.1M. Shares +0.6% AH. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, April 18, 12:10 AM Notable earnings after Thursday’s close: ACTG, ALGN, AMD, BGS, CBST, CE, CMG, COF, CPHD, ETFC, GOOG, IBM, ISRG, LSCC, MSFT, RMBS, VMI, WIT Comment! [Earnings]
Wednesday, April 17, 5:35 PM Notable earnings after Thursday’s close: ACTG, ALGN, AMD, BGS, CBST, CE, CMG, COF, CPHD, ETFC, GOOG, IBM, ISRG, LSCC, MSFT, RMBS, VMI, WIT Comment! [Earnings]
Friday, April 5, 2:11 PM Google, BlackBerry, Red Hat, and Earthlink submit a paper (.pdf) to the FTC and DOJ calling for actions against perceived patent trolls, arguing such firms cost U.S. companies $80B in 2011 after factoring both direct and indirect costs. To back up their stance, the companies claim suits from "patent assertion entities" have risen 4x since '05, and now account for 62% of all IP suits. The paper arrives 6 weeks after Pres. Obama criticized patent trolls, and amidst expectations of Congressional action. Companies that could be affected: RMBS, IDCC, VHC, ACTG, WILN. 11 Comments [Tech]
Monday, March 11, 5:23 PM Rambus (RMBS) announces a huge board shakeup. Chairman J. Thomas Bentley is resigning from the position, but will remain a board member. Director Eric Stang, currently the CEO of VoIP service provider Ooma, is Rambus' new chairman. 3 board members - former CEO Harold Hughes, Abraham Sofaer, and Sunlin Chou - are leaving, and co-founder P. Michael Farmwald "will transition from active board member to the position of emeritus advisor to the Board." 1 Comment [Tech]
Friday, March 8, 5:37 PM After-hours top gainers, as of 5:15 p.m.: ELN +7%. THOR +3%. GAME +3%. TTI +2%. VELT +2%.
After-hours top losers: RMBS -4%. LKQ -4%. EZPW -4%. MBLX -3%. CYS -3%. Comment! [On the Move]
Wednesday, February 20, 9:10 AM Premarket gainers: NTSP +30%. NVGN +14%. JASO +9%. SINA +8%. GDOT +8%. THLD +8%. RMBS +8%. OMX +7%. ODP +7%. MDRX +6%. GALE +5%.
Losers: HNR -41%. MM -27%. ONCY -12%. GRMN -9%. LIFE -5%. Comment! [On the Move]
Tuesday, February 19, 5:29 PM 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. Comment! [Tech, Earnings, On the Move]

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