Rambus (RMBS)

[Threejack]

Rambus Reports First Quarter Financial Results

Business and Financial Highlights

-Signed broad five-year agreement with Nanya Technology Corporation, resolving all outstanding disputes
-Lensless Smart Sensor technology highlighted as one of the best technologies at Mobile World Congress 2014
-Generated quarterly revenue of $78.3 million; up 7% quarter-over-quarter and up 17% year-over-year
-First quarter GAAP diluted net income per share of $0.07
-First quarter non-GAAP diluted net income per share of $0.17; up 21% quarter-over-quarter and up 89% year-over-year

http://ih.advfn.com/p.php?pid=nmona&article=61904489&symbol=RMBS

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Not bad. After market says it was expecting more, perhaps a product announcement, and is disappointed in 2Q guidance, but all in all Dr. Black continues to move Rambus in a positive direction.

JMO