SureTrader
Interactive Brokers Advertisement
SureTrader
Home > Boards > US Listed > Computers - Semiconductors > Rambus (RMBS)

Rambus shares fall sharply on disappointing outlook

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
eastunder Member Profile
Member Level 
Followed By 153
Posts 40,715
Boards Moderated 1
Alias Born 11/09/04
160x600 placeholder
Rambus Launches JEDEC-Standard DDR4 NVRCD for Emerging NVDIMM Applications "Business Wire" - 6/19/2017 9:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 6/12/2017 5:52:19 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 6/12/2017 4:17:47 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 6/5/2017 5:05:53 PM
Initial Statement of Beneficial Ownership (3) "Edgar (US Regulatory)" - 6/5/2017 5:04:04 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 6/5/2017 4:34:29 PM
Rambus Appoints Emiko Higashi to Its Board of Directors "Business Wire" - 6/5/2017 4:30:00 PM
Rambus Teams with Google, Interac on Android Pay in Canada "Business Wire" - 6/5/2017 9:15:00 AM
Rambus and Synopsys Collaborate to Deliver Provisioning Services for Hardware Secure Modules "Business Wire" - 6/5/2017 9:00:00 AM
Rambus to Present at Two Investor Conferences in June "Business Wire" - 6/1/2017 4:05:00 PM
Specialized Disclosure Report (sd) "Edgar (US Regulatory)" - 5/30/2017 4:09:04 PM
Rambus and Cybertrust Partner to Secure Connected Devices "Business Wire" - 5/18/2017 4:30:00 PM
Rambus, PLDA and Avery Design Announce Comprehensive PCIe 4.0 Solution "Business Wire" - 5/17/2017 4:30:00 PM
Rambus to Demonstrate CryptoManager IoT Device Management with STMicroelectronics "Business Wire" - 5/16/2017 4:38:00 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 5/15/2017 5:27:45 PM
Rambus Launches Turnkey Secure Connectivity with CryptoManager IoT Device Management "Business Wire" - 5/15/2017 4:30:00 PM
Rambus Joins Microsemi’s SoC Partner Program "Business Wire" - 5/10/2017 4:30:00 PM
Rambus to Showcase New Off-the-Shelf LED Light Guides at LIGHTFAIR International 2017 "Business Wire" - 5/9/2017 9:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 5/3/2017 7:18:51 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 5/3/2017 7:17:41 PM
Rambus Introduces Off-the-Shelf LED Light Guides "Business Wire" - 5/3/2017 4:30:00 PM
Rambus to Present at Two Investor Conferences in May "Business Wire" - 5/2/2017 4:05:00 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 5/2/2017 6:12:33 AM
Rambus Initiates Accelerated Share Repurchase Program "Business Wire" - 5/1/2017 7:20:00 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 4/28/2017 12:38:36 PM
eastunder Member Level  Tuesday, 10/20/15 03:00:07 PM
Re: None
Post # of 17008 
Rambus shares fall sharply on disappointing outlook

Shares of chip maker Rambus fall sharply on disappointing outlook



Associated Press



NEW YORK (AP) -- Shares of Rambus lost more than quarter of their value Tuesday after the memory chip designer said technical issues with one of its chips and the loss of potential deals will weigh on its revenue in the fourth-quarter and next year.

CEO Ronald Black said that a large licensing and partnership agreement that Rambus was negotiating in its security business had "stalled." Some smaller deals didn't materialize because of economic conditions in the chip industry, he said in a conference call following the release of the company's third-quarter results late Monday.

The company may also lose a potential customer because of a recently discovered technical issue with a memory chip, he said.

For the fourth quarter, Rambus expects revenue in the range of $71 million to $77 million. Analysts had expected revenue of $83.4 million, according to FactSet.

That means it expects revenue between $291 million and $297 million for the full year. That's below the $305.5 million analysts expected.

For 2016, Rambus expects revenue to be flat from 2015.

To save costs, the Sunnyvale, California, company said it would cut about 8 percent of its 527 employees. Rambus said it will complete the job cuts by the first quarter of next year.

Shares of Rambus Inc. fell $3.74, or 27 percent, to $10.14 in afternoon trading Tuesday.


"Then there was a woman, a lion of a woman."
SureTrader
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist