DJ Rambus Earnings -2: 2Q Financial Table, Comment >RMBS
Rambus Inc. - Los Altos, Calif. 2nd Quar March 31: 2003 2002 Revenue $28,079,000 $23,531,000 Net income a 5,069,000 6,748,000 Avg shrs (diluted) 100,785,000 102,945,000 Shr earns Net income a .05 .07 a. Includes a pretax gain of $1.2 million resulting from Rambus' divestiture in NurLogic Design Inc.
Rambus (RMBS) is a provider of chip-to-chip interfaces and services.
The second-quarter results include $3.3 million in contract revenue, up 90% from the same period last year. Royalty revenue rose 14% to $24.8 million. Costs and expenses increased by $4.7 million from last year because of increases in litigation costs, research and development costs and the cost of contract revenue.
Litigation expenses rose due to Rambus' antitrust case in front of the Federal Trade Commission. The FTC has filed a complaint versus Rambus regarding its patents for high-speed memory chips.
Rambus' shares closed Monday up 2.1%, or 32 cents, at $15.76.
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