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 155
Posts 40,914
Boards Moderated 3
Alias Born 11/09/04
160x600 placeholder
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/12/2018 5:53:23 PM
Media Alert: Rambus to Present at 20th Annual Needham Growth Conference "Business Wire" - 1/9/2018 4:05:00 PM
Media Alert: Rambus and Cybertrust Japan to Demo IoT Security Solutions at the Consumer Electronics Show (CES) in Las Vegas "Business Wire" - 1/9/2018 9:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 12/27/2017 6:37:18 PM
Rambus Renews Patent License Agreement with Panasonic "Business Wire" - 12/20/2017 8:00:00 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 12/12/2017 6:10:08 PM
媒體請注意:Rambus 將在東京和上海舉行的 eSilicon 現場研討會上展示高效能 SerDes 解決方案 "Business Wire" - 12/11/2017 11:58:00 PM
媒体请注意:Rambus 将在东京和上海举行的 eSilicon 现场研讨会上展示高性能 SerDes 解决方案 "Business Wire" - 12/11/2017 6:00:00 PM
Media Alert: Rambus to Showcase High-performance SerDes Solutions at the eSilicon Live Seminars in Tokyo and Shanghai "Business Wire" - 12/10/2017 6:00:00 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 12/5/2017 4:22:57 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 12/5/2017 4:20:48 PM
Imaging Innovator Gigajot Licenses Binary Pixel Technology from Rambus "Business Wire" - 12/5/2017 9:00:00 AM
Media Alert: Rambus to Present at Two Investor Conferences in December "Business Wire" - 11/28/2017 4:05:00 PM
Cybertrust Japan Selects CryptoManager IoT Security Service from Rambus "Business Wire" - 11/21/2017 11:00:00 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 11/17/2017 4:04:27 PM
Rambus Announces Pricing of $150 Million Convertible Senior Notes Offering "Business Wire" - 11/15/2017 2:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 11/14/2017 5:52:50 PM
Media Alert: Rambus to Showcase IoT Security and Smart Ticketing Solutions at Smart City Expo World Congress "Business Wire" - 11/14/2017 1:00:00 AM
Rambus Teams with eftpos for Android Pay in Australia "Business Wire" - 11/13/2017 6:00:00 PM
Rambus Announces Proposed $150 Million Convertible Senior Notes Offering "Business Wire" - 11/13/2017 4:05:00 PM
Rambus Collaborates with Samsung Canada and Interac to Help Deliver Samsung Pay in Canada "Business Wire" - 11/1/2017 4:30:00 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 10/27/2017 1:14:43 PM
Media Alert: Rambus to Present at Three Investor Conferences in November "Business Wire" - 10/26/2017 4:05:00 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 10/23/2017 4:46:24 PM
Rambus Reports Third Quarter 2017 Financial Results "Business Wire" - 10/23/2017 4:05:00 PM
eastunder Member Level  Tuesday, 10/20/15 03:00:07 PM
Re: None
Post # of 17010 
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."
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