Replies to post #227105 on Option Millionaires

[nlightn]

$RMBS,...Rambus -6.5% on light guidance; buyback launched

Rambus (NASDAQ:RMBS) expects Q1 revenue of $70M-$75M and 2015 revenue of $300M-$315M, below consensus estimates of $76.8M and $319.1M.

The memory/security IP developer is launching a 20M-share buyback program that replaces an existing program with 5.2M shares remaining. Rambus has 117.6M shares outstanding, and $300M in cash/marketable securities to finance buybacks with.

Q4 royalty revenue -8% Y/Y to $64.1M. Contract/other revenue more than doubled to $7.9M. Operating costs/expenses fell 19% to $54.5M.

Shares have fallen to $9.83 in AH trading.