Looks like RMBS will not reach $200 this week again....like some angels once thought.
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Rambus (RMBS: news, msgs, alerts) reported second-quarter net income of $8.2 million, or 8 cents a share, compared with $4 million, or 4 cents a share, during the same quarter last year. Analysts were expecting earnings of 11 cents a share. Revenue was $31.2 million compared with $15.7 million during the same quarter last year. According to a company statement, results for the second quarter show the effects of declining SDRAM prices and legal costs associated with intellectual property defenses. This cost and expense level will be maintained in the third quarter. Rambus shares closed up $1.29, or 7.1 percent, at $19.53. Shares fell 6.6 percent to $18.25 in after-hours trading
