Rambus (RMBS)

[cordob]

That's why it will be interesting to watch Mr. Hughes operate. Think he lowered expectations either to take the sting out or to deliver a small surprise. He succeeded in lowering your expectations, anyway ; )

Hey Threejack,

On previous occasions when you called me a lowballer I was right

On previous occasions when nobody (except Patrick Newell) accused me of lowballing, I was much too optimistic


Looked at that PR again:
http://www.rambus.com/news/newsroom/pressrelease.cfm?id=180
snip:
it expects revenue to be approximately $37 and $38 million and total spending, which includes cost of services and direct expenses, to be between $33 and $36 million for the first quarter of 2005. The guidance given in January 2005 was for revenue to be in the range of $38 to $42 million and total spending to be in the range of $30 to $34 million. The increased range in total spending is driven by higher than expected litigation costs. In addition, the company expects that net interest and other income will now be in the range of $2.1 and $2.3 million.

So it turned out I stuck one wrong number into my spreadsheet and the expectation should really be 4.4 cents/share!

So sorry if I spooked you. Not that 4.4 is fantastic, but it is not as gloomy as I thought. (that's what you get if nobody checks my numbers:(

Cheers
Cor

PS based on 109 M diluted shares, if these are higher because of teh convertible the number is a bit lower.