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I like to use STockTA for gap numbers and yes - you are correct.
http://www.stockta.com/cgi-bin/analysis.pl?symb=rmbs&num1=1&cobrand=&mode=stock
Appears IV is down. In re: to Rambus, I see a gap that needs filling at $8.64
http://stockcharts.com/h-sc/ui?s=RMBS
AJE
Just tried the rambus.org site myself. Took quite a while to load. The IP address is still active and the menu displays, but appears Arno has eliminated the Message Board.
The stock streamer works. News archive works and has been updated as late as December 19, 2013. Rambus Story displays. Litigation History works but looks like it hasn't been updated since 2009.
Assuming Arno is still alive and breathing, who could blame him? He was a dedicated Ramboid who built and maintained a valuable resource for followers of the Rambus Story.
But the Rambus Story is dead. Ron Black and his employees are attempting to create a new story. It must not be as interesting to Arno.
Just a guess.
Best to you, AJE.
Dear Threejack
I just tried to enter the message board of rmbs.org. No luck, the page is down. Do you have any information what's going on with the board? Thank you in advance and best wishes for a nice weekend.
AJE
From IBD...note the negative change in institutional ownership
FUNDAMENTAL PERFORMANCE (RMBS)
Current Earnings
EPS Due Date 04/18/2014 est
EPS Rating 73
EPS % Chg (Last Qtr) 100%
Last 3 Qtrs Avg EPS Growth N/A N/A
# Qtrs of EPS Acceleration 1
EPS Est % Chg (Current Qtr) -81%
Estimate Revisions
Last Quarter % Earnings Surprise 600.0%
Annual Earnings
3 Yr EPS Growth Rate -24%
Consecutive Yrs of Annual EPS Growth 1
EPS Est % Chg (Current Yr) -55.31%
Sales, Margin, ROE
SMR Rating B
Sales % Chg (Last Qtr) 28%
3 Yr Sales Growth Rate -5%
Annual Pre-Tax Margin 13.3%
Annual ROE 16.4%
Debt/Equity Ratio 60%
TECHNICAL PERFORMANCE (RMBS)
Price And Volume
Price $8.91
RS Rating 74
% Off 52 Week High -17.9%
Price vs. 50-Day Moving Average -1.03%
50-Day Average Volume 1,264,100
Supply And Demand
Market Capitalization 1.00 B
Acc/Dis Rating C
Up/Down Volume 1.1
% Change In Funds Owning Stock -1%
Qtrs Of Increasing Fund Ownership 0
Read More At Investor's Business Daily: http://research.investors.com/stock-checkup/nasdaq-rambus-inc-rmbs.aspx#ixzz2sC4EpNPS
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook
Hey Threejack...market appears to be in correction but my price targets are based solely on Ram technicals. As far as fundamentals, I would be cautious in any exuberance attributed to the utterances of Ram management. Not saying the upside isn't there, but just look at aapl for comparisons sake. Apple's fundamentals are great but investors are not seeing the growth so they won't even pay a market multiple for the stock. Ram technicals, to me, say we have a pullback from the 10.81 high to either the 50% retracement level, @7.32 or the .618 level of @ 6.52. This is good in that this will be a failure of a wave 5 down which suggest a reversal up from these levels or a sideways correction. This is never something you can bank on but something you can trade on using proper money management. I think this projection looks likely based on a falling On Balance Volume and William's Accumulation/Distribution, especially the William's on the weekly. Of course this could change subject to general market conditions or significant Ram news. Best of luck!
re: $6.47 and $7.29
Hey traderjoe9,
Are you assuming a market correction to reach these levels? Or you see something in the fundamentals that will drop the price? Or are you just reading the charts?
With most of the DRAM industry signed to long term licenses, revenues are already booked at nearly $150MM. Add to this the SoC and other revenue of about the same amount not to mention the opportunity to license the other half of the SoC companies and the expected growth of CRI, don't see RMBS hitting your numbers without a major market correction.
What am I missing?
I'm staying firm with my target of somewhere between $6.47 and $7.29.
Zacks
Our Take
We are encouraged by Rambus’ fourth-quarter results as the bottom line surpassed the Zacks Consensus Estimate and the top line was roughly in line. The company provided a decent guidance for the first quarter of 2014 given modest royalty receipts. We see first quarter results to improve, given the ramp in its business.
The company is going through a restructuring phase and we expect it to yield favorable results. Previous legal challenges from customers such as Garmin Ltd. (GRMN - Analyst Report) and STMicroelectronics appear to have been resolved: Rambus and STMicroelectronics recently announced the settlement of all outstanding claims, including pending disputes related to Rambus' patented innovations, while Garmin was listed as a downstream customer as a result of an ITC action that has now been settled.
We are encouraged by Rambus’ decision to divest its Display patent assets to Acacia Research Corp. and to focus wholly on the Lighting space, given the enormous growth prospects in this market.
However, competition from Semiconductor Manufacturing International Corp. and Advanced Micro Devices, as well as the oversupply in the semiconductor market are concerns.
Currently, Rambus has a Zacks Rank #2 (Buy).
http://www.zacks.com/stock/news/121008/rambus-q4-earnings-beat-expectations
Jefferies
Investment analysts at Jefferies Group upped their target price on shares of Rambus (NASDAQ:RMBS) from $10.00 to $11.00 in a note issued to investors on Tuesday, Analyst Ratings Net reports. Jefferies Group’s target price points to a potential upside of 14.82% from the stock’s previous close.
http://zolmax.com/investing/rambus-pt-raised-to-11-00-rmbs/198785/
CC Slides
Credit to who else...the great sabatino at IV : )
http://files.shareholder.com/downloads/RMBS/2913972808x0x721131/0da11418-5e73-4c8e-9f56-8fb76931e891/Q413%20%202013%20Financial%20Results%20Webcast%20slides.pdf
Happy New Year and it's nice to start it off with what feels like a whole new company!
I enjoyed that article you posted, but I had to laugh when I read the part about Nadel.
I can see that happening and I would have reacted in the same manner.
2014 Outlook
2014 Outlook:
For 2014, the Company expects customer licensing income and revenue to be between $295 million and $305 million. Customer licensing income and revenue are not without risk and include expectations that the Company will sign new customers for patent as well as solutions licensing. The Company also expects to keep its non-GAAP operating expenses relatively flat, year over year.
4Q and Full Year 2013 Earnings
Business and Financial Highlights:
-Signed comprehensive ten-year agreement with Samsung Electronics and seven-year license agreement with Micron Technology
-Generated annual revenue of $271.5 million and annual non-GAAP customer licensing income of $281.6 million; quarterly revenue of $73.4 million and quarterly non-GAAP customer licensing income of $73.9 million
-Fourth quarter GAAP diluted net loss per share of $0.09; fourth quarter non-GAAP diluted net income per share of $0.14
-Annual GAAP diluted net loss per share of $0.30; annual non-GAAP diluted net income per share of $0.47
http://www.businesswire.com/news/home/20140127006318/en/Rambus-Reports-Fourth-Quarter-Fiscal-Year-2013#.UubKG6PnaM8
re: Ron Black
Hey eastunder,
Happy New Year!
He is smart and charming. Clearly likeable.
We shall see how he leads...
I think I like Ron Black. :)
Rebirth of Rambus
Article in Silicon Valley Business Journal. Crdit to the great sabatino at IV for the find.
http://www.bizjournals.com/sanjose/print-edition/2014/01/24/rebirth-of-rambus-how-playing-nice.html?ana=sm_sjo_ucp19&b=1390499644^13711132&page=all
This post from Bazooka @ yahoo board.
"fiscal results
all you longs will be rewarded next week..... earnings are going to kick #$%$! Bank it! I have friends who work there. They have 3 shifts going and have been working 24/7. They can't find enough help. I live a few miles from the plant in Brecksville, Ohio. Trust me when I say the place is rockin'
Would love to confirm from someone like Bazooka about the new equipment I've been reading about!
Interview with Rambus General Counsel, Jae Kim
Very nice find by sabatino at IV. Worth the short read.
http://www.bizjournals.com/sanjose/news/2014/01/23/general-counsel-jae-kim-on-the-new.html?ana=RSS&
s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+bizj_sanjose+(Silicon+Valley+/+San+Jose+Business+Journal)&page=all
I know this is late news, however this will effect the bottom line in the qtrs. to come. Safe bet on earnings and guidance.
http://www.rambus.com/customer/item/891-rambus-signs-comprehensive-agreement-with-samsung-electronics
Would love to hold $9.00 prior to earnings! Hearing of new equipment purchase to improve in the glass cutting arena.
Let's think LED's. Would also give the potential to share in the
lighting market, cost effective bulbs against CREE, would be the
attribute we need.
UPDATE: Citi Upgrades Rambus Inc. (RMBS) to Buy; Analyst Sees Favorable Risk/Reward
http://www.streetinsider.com/Upgrades/UPDATE%3A+Citi+Upgrades+Rambus+Inc.+%28RMBS%29+to+Buy%3B+Analyst+Sees+Favorable+RiskReward/9080411.html
(Updated - January 23, 2014 10:51 AM EST)
Citi upgraded Rambus Inc. (NASDAQ: RMBS) from Neutral to Buy with a price target of $12 (unchanged). Anlayst Terence Whalen thinks risk/reward is attractive now that overhang related to Samsung renewal has passed.
"We see 3 positives driving the stock in 2014: 1) momentum developing for new CEO Ron Black as he transforms RMBS to a 'customer solutions' model from a 'licensing' model, 2) ‘blue bird’ system on chip (SOC) licensing deals with ASIC/FPGA or analog partners while difficult to predict, these new deals offer potential for '+' revenue revisions with high earnings fall through, and 3) low expectations with the Street’s +6% '14 revenue growth undercutting management’s 1/5 issued guidance for "low double digit" sales growth," said Whalen.
"With the main negative risk (Samsung renewal) realized 1/5/14, 3 factors should drive positive '14 revisions: a) new SoC licensing deals (SoC licensees include STM, Mediatek, NVDA, BRCM, FSL but exclude XLNX, ALTR, TXN, QCOM, INTC), b) 'new business' growth primarily in Cryptography Research sales, and c) potential addition of the last remaining DRAM licensee Nanya. See Fig 2 for our bottoms-up guidance analysis," he added.
Pre Market $9.14
Up .52 on 12K shares. If RMBS holds $9 today, will be pleased. Earnings call next Monday will determine move up or down from here. Will need a surprise to make it rise, pun intended.
http://www.nasdaq.com/symbol/rmbs/premarket
Nice upgrade........Moving in pre-market.
http://www.theflyonthewall.com/permalinks/entry.php/RMBSid1950121/RMBS-Rambus-upgraded-to-Buy-from-Neutral-at-Citigroup
Here's the link... http://video.cnbc.com/gallery/?video=3000237708&play=1
Last week it was Fireye, this week it's Shape Security which is supposed to have the latest antivirus/bot protection. How come these programs never mention CRI?
4Q Earnings Call Next Monday 1/27
2PM Pacific Time Conference Call
Rambus to Announce Fourth Quarter and Fiscal Year 2013 Results
Rambus Inc. (NASDAQ: RMBS), the innovative technology solutions company that brings invention to market, will hold a conference call on January 27, 2014 at 2:00 p.m. Pacific Time to discuss its fourth quarter and fiscal year 2013 results.
This call will be webcast and can be accessed via Rambus' web site at investor.rambus.com. A replay will be available following the call on the Rambus Investor Relations website or for one week at the following numbers: (855) 859-2056 (domestic) or (404) 537-3406 (international) with ID#37074711.
http://ih.advfn.com/p.php?pid=nmona&article=60731398&symbol=RMBS#
How does Armh do it? They have over a billion in revenues. Ram's getting peanuts and these guys are rolling in $$s.
Silicon Valley Business Journal
Credit to the great sabatino at IV for the find.
=========================
Jan 6, 2014, 5:37am PST Updated: Jan 6, 2014, 12:04pm PST
Rambus takes step toward reforming image, growing its business with Samsung deal
Jon Xavier
Technology Reporter- Silicon Valley Business Journal
Rambus entered into a 10-year licensing deal for its memory and security technology with Samsung. The deal closed sometime in late December but wasn't made public until yesterday.
The deal will have Samsung pay the Sunnyvale technology company $15 million a quarter for the first 5 years, with rates after that being adjusted depending on prevailing market prices. Samsung will also pay Rambus $22 million in the first quarter, for a total of a $262 million in the first half of the contract term.
In a separate announcement, Cryptography Research Corp., a Rambus subsidiary, announced its own deal with Samsung, which will see the Korean tech conglomerate incorporating some of Cryptography Research's encryption technology into its products.
The specific technology Samsung is licensing protects against "differential power analysis," a type of attack that allows hackers to bypass otherwise strong encryption by analyzing the flow of electricity through a device.
Samsung was already using this technology to secure chips used in payments technology, but the new license will enable the company to apply it to its full range of products. It will be particularly useful for mobile devices, where Samsung is trying to differentiate itself as the safest manufacturer for connecting to secure corporate networks, as well as video set-top boxes and smart TVs, where it will help protect content against piracy.
Sunday's deal follows last month's big announcement that Rambus had finally settled its epic 13-year legal battle against Micron. The result of that was $280 million for Rambus over seven years, with the option to extend the contract after that.
It's an interesting peek at what the "new" Rambus will look like under CEO Ronald Black, who took over in the top spot in 2012 and is trying to take the famously litigious memory company in a more collaborative direction.
Black told me that a sue-first strategy just doesn't work long-term for a patent licensor like Rambus. It's too expensive, for one, and the outcome is too governed by chance — you're as likely to lose a patent case as win it depending on the makeup of the jury, something a company doesn't have much control of.
"It's not that we won't rigorously defend our patents. We will continue to do so. But a lawsuit can't be our go-to strategy anymore," Black said.
The Samsung deals are a good example of the kinds of licensing Rambus wants to do now — something that establishes a fair market rate for technology and puts potential partners at ease about litigation so that the company can move forward with more ambitious projects — like designing entire chips rather than licensing them.
"It was really hard to try to partner with some of these companies, because the threat of litigation colored every interaction. It made things really tense," Black said. "Now our engineers are coming back from meetings saying things like, 'That was the most productive conversation we've had with them in 15 years.'"
A key aspect of that, Black said, was is the contract term — 10 years, rather than the five years that Rambus has customarily licensed its tech for.
Those five-year terms were too short for any real partnership to happen on new technology — a new design could take two to three years to reach fruition, and by that time the looming end of the licensing deal would kill the necessary culture of open communications between the two companies. Nobody wants to communicate if they think the information could be used against them in court later, Black said.
So in that respect, the Samsung deal is a very positive one for Rambus — it shows its new strategy is working. Interestingly, the markets have been negative on the deal — Rambus stock is currently trading down about 4 percent at around $9.20.
Jon Xavier is Web Producer at the Business Journal.
Zacks
Credit to twobytebus at IV for the find. Article shines positive light on the deal.
====================
Rambus & Samsung Ink 10-Year Deal
By Zacks Equity Research
Rambus Inc. (RMBS) has signed a 10-year licensing agreement with Samsung Electronics. Per the agreement, Samsung will use Rambus’ integrated chip technologies and security technologies in its devices such as tablets, smartphones and set-top boxes though 2023. Notably, Rambus already has an agreement with Samsung and this extension broadly signifies the necessity of the former’s technologies for semiconductor companies.
In doing so, Rambus is entitled to a royalty payment of $15 million per quarter for the first five years from Samsung. Rambus also quoted that the royalty payments for the rest of the period will be determined after taking into consideration certain ‘market-related factors’. Moreover, the agreement entails Samsung to pay $22 million to Rambus initially.
Rambus’ patented technologies are of great importance to chipmakers for making advanced chips that are used in computers or electronic goods. Hence, the company has been signing a number of multi-year licensing deals each year, primarily with semiconductor companies.
Recently, Rambus and semiconductor company, Micron Technology (MU), entered into a similar licensing agreement for a seven-year period. Per the agreement, Rambus will receive royalty payments of up to $10.0 million a quarter, or $40 million over 12 months, totaling $280 million over the contract period.
Apart from this, over the past few months, Rambus has licensed its technology to Fujitsu Semiconductor Ltd., NVIDIA Corp. (NVDA), Broadcom Corp. (BRCM) and MediaTek Inc. for their respective integrated circuit products.
These licensing agreements are a recurring revenue source for Rambus as it has been successfully monetizing its patents. In the last reported quarter, the company reported a robust increase in its top line primarily based on the royalty payments received from various DRAM customers.
Moreover, the company expects to introduce several innovative products and services in 2014 that would support its revenue growth, going forward.
Apart from these, we are encouraged by Rambus’ decision to divest its Display patent assets to Acacia Research Corp. and to focus wholly on the Lighting space, given the enormous growth prospects in this market.
Also, competition from Semiconductor Manufacturing International Corp., LSI Corp. and Advanced Micro Devices, Inc., and oversupply in the semiconductor market are concerns.
Currently, Rambus has a Zacks Rank #3 (Hold).
http://finance.yahoo.com/news/rambus-samsung-ink-10-deal-163004402.html
Jeffries
Posted on IV board that flyonthewall reports Jefferies just reduced Rambus from Buy to Hold, target from $13 to $10.
No surprise.
Options writers want to keep it under $10...
The business has only some connection to the market.
Tough to win out there some days.
JMO
Conference Call
Rambus just completed its CC about the Samsung deal.
Really like Ron Black. He strikes me as one smart, savvy, business manager.
Remains to be seen if the tech industry wants to partner with him.
Interesting that the Samsung deal only covers patent licensing and does not include any solutions like R+. So, if any customer wants Rambus to provide R+ solutions on top of JEDEC standard DDRx chips, it will be incremental revenue.
Rishi said Rambus has 90% of the DRAM manufacturers under license and expects to sign the remaining companies. Rishi also said Rambus expects to sign patent licenses with several System on Chip (SOC) companies in 2014.
Was surprised only a couple questions asked on the call. Little curiosity among the handful of analysts that cover Rambus. Will be interesting to see if Rambus attracts any new analyst coverage.
Encourage any shareholder to listen to the replay on the Rambus website.
JMO
RMBS News: Rambus Signs Comprehensive Agreement with Samsung Electronics 09:00 PM
RMBS News: Samsung Electronics and Cryptography Research Extend Technology Relationship to Improve Device Security 09:00 PM
New License with Samsung; Includes CRI
Rambus Signs Comprehensive Agreement with Samsung Electronics
Ten-year agreement enables broad adoption of Rambus technologies for inclusion into Samsung products
Samsung Electronics and Rambus Inc. (NASDAQ:RMBS), the innovative technology solutions company that brings invention to market, today announced the companies have signed a comprehensive 10-year license agreement. The agreement extends the existing relationship between the companies, providing Samsung with access to Rambus’ innovative technologies for inclusion in Samsung ICs. The agreement requires quarterly royalty payments to Rambus of $15 million per quarter for the first five years, with an initial payment of $22 million for the fourth quarter of 2013. Payments in the second five-year period are variable and subject to market-related factors. The agreement further provides Samsung access to Rambus’ security technologies in system devices such as smart phones, tablets, and set-top boxes. The agreement is set to terminate in 2023. Other terms and details are confidential.
“This new 10-year agreement symbolizes our ability to add value to Samsung through our core memory and security technologies,” said Dr. Ron Black, president and chief executive officer at Rambus. “Extending this relationship for a longer term gives us the ability to work with the broader industry on a variety of exciting technology initiatives.”
Rambus continues to explore and innovate in the area of new memory architectures. Working with industry leaders like Samsung positions Rambus inventions for broad market adoption. For additional information on Rambus and its memory, interface and security technologies, visit rambus.com.
Rambus management will host a conference call tomorrow, January 6, 2014 at 5:30 am PT to discuss this agreement. The call will be available online at investor.rambus.com. A replay will be available following the call on the Rambus Investor Relations website for one week at the following numbers: (855) 859-2056 (domestic) or (404) 537-3406 (international) with ID# 30212062.
http://ih.advfn.com/p.php?pid=nmona&article=60554642
License also includes CRI.
Agreement includes technologies for protecting smartphones, payments, content protection, and enterprise applications against side channel attacks
Samsung Electronics and Cryptography Research, Inc. (CRI), a division of Rambus Inc. (NASDAQ:RMBS), today announced an extended relationship, enabling further integration of CRI’s DPA countermeasure technologies across a variety of Samsung semiconductor and system devices. This agreement allows Samsung to provide protection against side channel attacks in devices such as smartphones, payment chips, content protection systems, and enterprise applications. Also today, Samsung and Rambus announced they have extended their architecture licensing relationship for 10 years, until 2023.
“DPA countermeasure technologies have been essential to Samsung’s smart card products,” said Sunghee Cho, Samsung Vice President. “We now have the opportunity to deploy advanced DPA countermeasures in other Samsung devices requiring content protection and security applications.”
“Strong security makes connected devices far more valuable by enabling them to safely access higher-value data and services,” said Paul Kocher, president and chief scientist of Cryptography Research. “We are delighted to provide technology to help Samsung enhance its leadership position in securing products from dedicated security chips up to cutting-edge smartphones.”
Side channel and differential power analysis (DPA) attacks involve measuring variations in the electrical power consumption or RF emissions of a target device, then using advanced statistical methods to derive cryptographic keys and other secrets. Countermeasures to these attacks are required to protect tamper-resistant products used in applications including banking, pay television, mass transit, secure ID, and wireless telecommunications. Cryptography Research’s innovations are reflected in a portfolio of over 70 issued patents covering countermeasures to DPA attacks, with additional patent applications allowed or pending.
For additional information on DPA countermeasures or Cryptography Research, visit cryptography.com.
About Cryptography Research,Inc.
Cryptography Research, Inc. (CRI), a division of Rambus Inc., is a leader in semiconductor security research and development. Established by internationally renowned cryptographer Paul Kocher, CRI develops and licenses innovative technologies in areas including tamper resistance, content protection, anti-counterfeiting, network security, and financial services. Over seven billion security products are made each year under license from CRI. Security systems designed by CRI scientists and engineers protect hundreds of billions of dollars in commerce annually. Additional information is available at cryptography.com.
re: Any idea how CRI would be valued now?
Hey traderjoe9,
No idea.
Rambus has been opaque on CRI revenues, although believe Rishi said on a recent call or presentation that Rambus plans to break out the financials for each division starting sometime this year.
FireEye paid $1B for Mandiant. Mandiant was privately held so no idea what the financials looked like.
Seems CRI is a bit player compared to these companies.
Because Kocher focuses primarily on DPA attacks, CRI value will depend on the need for side channel attack countermeasures to thwart piracy and counterfeiting.
Is DPA a large and growing threat?? Don't know.
CRI licensing model hasn't generated much revenue up to this point.
JMO
A sale of CRI? That does fit Black's MO. However, I wonder what CRI is worth now? They have grown their business but I recall that JP Morgan in one of their reports on Rambus had indicated they thought Ram had overpaid for CRI. Any idea how CRI would be valued now?
re: Threat to CRI?
Hey traderjoe9,
No doubt. Same industry. Same skill set. Same market. Same customers. Different approach and revenue model.
FireEye is generating some impressive and growing revenue ($138MM annualized through 9/13) based on selling anti-malware hardware solutions, subscriptions and services to customers with a focus on Advanced Persistent Threats (APT), a type of advanced malware.
CRI sells and licenses anti-piracy and anti-counterfeiting hardware solutions, primarily through its CryptoFirewall cores with a focus on Differential Power Analysis (DPA) attacks and countermeasures. CRI also does cryptographic evaluations on hardware systems and devices.
FireEye is much larger than CRI with 1,100 employees. As an aside, Kocher started CRI in 1995. FireEye was started less than a decade ago...
Hard to argue with success.
Will be interesting to watch what Dr. Black does with CRI. My guess is Paul Kocher is a thoroughbred, and like all thoroughbreds, is hard to handle.
Cryptography is a hot area at the moment and looks to only get hotter. If DPA attacks are a growing and expensive threat and CRI's DPA countermeasures are both effective and priced reasonably, and its licensing model works, then CRI's value to Rambus will grow as well.
Then again, Dr. Black has a history of selling off assets and companies he's managed.
Here's a quote in a WSJ article about the FireEye acquisition of Mandiant:
"...FireEye, Mr. DeWalt said, expects to continue to consolidate the industry and will keep looking for other competitors to acquire. Mr. DeWalt said FireEye’s deal to buy Mandiant could force large tech companies including Cisco, H-P, and IBM to buy up smaller cybersecurity firms to stay competitive...."
http://blogs.wsj.com/moneybeat/2014/01/03/fireeyes-deal-could-spell-more-tech-ma/
http://www.scmagazine.com/advanced-persistent-threats-call-for-a-reality-check/article/211398/
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001445305-13-003028.txt&FilePath=\2013\11\14\&CoName=FIREEYE%2C+INC.&FormType=10-Q&RcvdDate=11%2F14%2F2013&pdf=
JMO
Threat to CRI?
http://www.fireeye.com/
FireEye is supposed to be the latest/greatest in cyber security.
Symbol feye
Happy New Year!
Not a good start for the market. No retail enthusiasm for the stock either.
Ron Black and Rambus can use some memory division news in January to create momentum and get 2014 off to a good start.
Will be disappointed if Rambus doesn't announce a new revenue generating deal with an existing partner or new customer.
JMO
I believe is Nanya
That would be nice if we received another licensee agreement.
I am actually thrilled this chapter has finally ended regardless of the payout.
It's done. No more big checks to the lawyers for this one.
Who else remains on the "See ya on the court steps" program for RMBS?
I have lost track.
$10
Nice. Been a few months.
Rambus needs to sign another memory or controller licensee before the end of Q1 or the share price will languish, I think.
If it does sign another company soon, market might anticipate others and assign momentum to the share price.
Watching...
JMO
Jefferies makes RMBS a Buy: target $13
Thanks to ketchikan06 at IV for the link.
========================
Jefferies initiates coverage on Rambus Inc. (NASDAQ: RMBS) with a Buy. PT $13.00.
"DRAM industry fundamentals have changed dramatically and permanently in the last 12 months, and should translate into ~10% revenue upside and larger EPS upside for Rambus in CY14, driven primarily by Samsung and Elpida royalties (~45% of revs)," analyst Sundeep Bajikar notes. "We believe Rambus's technology pipeline is solid, and view its business model shift toward technology solution licensing favorably."
NOTE: Jefferies acted as Joint Bookrunner in Rambus' recent convertible bond offering.
For an analyst ratings summary and ratings history on Rambus Inc. click here. For more ratings news on Rambus Inc. click here.
Shares of Rambus Inc. closed at $8.53 yesterday, with a 52 week range of $4.69-$10.83.
http://www.streetinsider.com/Analyst+Comments/Jefferies+Starts+Rambus+Inc.+(RMBS)+at+Buy,+$13+PT/8962655.html
Well, I am glad it is over. Considering what had happened with SAM and Hynix I was not expecting anything different.
I, for one, learnt the lesson too many times about the US Justice system. The AT trial was a joke and expecting something good from SueRobusome, White and the AT was a wild dreeam.
I still trust RMBS tech can make a difference in the memory space and CRI may also have an important role to play. If any, RonBlack's strategy should be given a chance
So finally RMBS has no litigation expenses!!!!
Good for RMBS!
IMHO
re: "...What has Ram got except CRI and the struggling LED biz?..."
Rambus still has its memory business.
Micron can use any Rambus patent to produce only specified integrated circuit products and any memory integrated circuit product. Only certain Rambus patents are perpetual and paid up. If Micron wants access to new Rambus IP after the initial seven years, it will have to renew.
We will have to wait to find out what is or isn't covered by the language. Wonder if it covers CRI patents?
All litigation is settled including any AT litigation.
Frankly, it was time to get out of the courts. Only outside counsel for both sides were benefiting from the ongoing battles.
JMO
I guess Judge Sue will be spending the holidays at her new beach house somewhere in the Carribean. I bet she's laughing her ass off and JW is just shaking his head...mumbling they should've settled after I gave them the win on the Hynix trial. Horroritz is probably cursing but thankful he sold a ton of shares. Farmwald is probably thinking about taking out a contract on Black as are all the inventors who hoped for riches...at least more riches then they have already gotten at shareholder expense. I'm sure the FTC will have the celebratory "We Told You So" toast at their holiday gathering. What a clusterfuck of an investment for shareholders.
It's hard to put lipstick on this pig of a deal. 13 years and Micron gets Everything for $280 million...with, according to my interpretation of the terms, no upside. Why was Black so desperate to ink that deal? The deal, I assume, negates any upside from the AT..so I'm guessing this is dead. So all patents are now bought and paid for. What has Ram got except CRI and the struggling LED biz? Black better have some good sheet tomorrow or this stock will tank in my opinion.
re: Rambus and Micron Sign License Agreement
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Rambus and Micron sign a license agreement . . . .
Agreement settles all outstanding disputes
SUNNYVALE, Calif. & BOISE, Idaho--(BUSINESS WIRE)-- Rambus Inc. (NASDAQ:RMBS) and Micron Technology, Inc. (NASDAQ:MU) today announced they have signed a broad patent cross license agreement. Under the agreement, Micron gains the right to use any Rambus patent for the manufacture of specified integrated circuit products, including any memory integrated circuit products. Certain of these memory products will enjoy a perpetual, paid-up license after the end of the initial term. The agreement requires quarterly royalty payments to Rambus over the next seven years capped at $10 million per quarter, with a rolling twelve-month cap fixed at $40 million, or $280 million during the initial term. In addition, Micron will have the option to extend the initial term of this agreement for additional renewal periods. As part of this agreement, the two companies have settled all outstanding patent and antitrust claims, and the agreement covers both Micron and Elpida products. Other terms and details of the agreement are confidential.
"This milestone agreement puts years of legal disputes behind both companies and opens doors for future cooperation," said Dr. Ron Black, president and chief executive officer at Rambus. "We continue to focus on developing innovative technology and furthering our more open, collaborative relationship with the broader industry."
"The industry is at an important juncture with the emergence of memory systems and solutions, and Micron is ideally positioned to capitalize on this trend," said Micron CEO Mark Durcan.
Rambus management will host a conference call tomorrow, December 10, 2013 at 5:30am PT to discuss this agreement and settlement. The call will be available online at investor.rambus.com. A replay will be available following the call on the Rambus Investor Relations website for one week at the following numbers: (855) 859-2056 (domestic) or (404) 537-3406 (international) with ID# 23087430.
About Rambus Inc.
Rambus is the innovative technology solutions company that brings invention to market. Unleashing the intellectual power of our world-class engineers and scientists in a collaborative and synergistic way, Rambus invents, licenses and develops solutions that challenge and enable our customers to create the future. While best known for creating unsurpassed semiconductor memory architectures, Rambus is also developing world-changing products and services in security and advanced LED lighting and displays. For additional details, visit rambus.com.
About Micron
Micron Technology, Inc., is a global leader in advanced semiconductor systems. Micron's broad portfolio of high-performance memory technologies—including DRAM, NAND and NOR Flash—is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications. Micron's common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit www.micron.com.
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Been a long time coming. Well done, Messrs Black and Durcan.
Any future announcement of collaboration with an MM will be most welcome and evidence Rambus has turned the corner on relations with the DRAM MMs.
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Company Profile
Rambus Inc. engages in the creation, design, development, and licensing of patented innovations, technologies, and architectures to digital electronics products and systems.
The company's patented innovations include Dual Edge Clocking that is designed to allow data to be sent on the clock pulse; FlexPhase technology, which synchronizes data output and compensates for circuit timing errors in memory systems; Module Threading that improves the throughput and power efficiency of a memory module; MicroLens, a technology that is used in light-emitting diodes (LED) edge-lit lighting applications; TruEdge, which transfers light from LEDs into a light guide; and Differential Power Analysis Countermeasures that secures electronic devices and systems from side-channel attacks.
It also licenses technology solutions, including leadership and industry-standard solutions for use in digital electronics products and systems, such as XDR Memory Architecture that enables the production of dynamic random access memory (DRAM); XDR2 Memory Architecture that incorporates DRAM micro-threading for graphics intensive applications comprising gaming and digital video; FlexIO Processor Bus, a high speed chip-to-chip interface that provides the interface between the Cell BE, the RSX graphics processor, and the SouthBridge chip; The Pentelic Lighting Solutions that offer LED-based lighting products; and The CryptoFirewall Security Core, which delivers an unmatched level of protection for digital media.
In addition, the company offers industry-standard chip interface solutions, including DDRx and digital logic controllers for PCI Express and other industry standard interfaces. Rambus Inc. was founded in 1990 and is headquartered in Sunnyvale, California.
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