Rambus posts quarterly revenue; options review ongoing -
Rambus Inc. after Thursday's closing bell reported third-quarter revenue of $45.9 million, up 28% from the year-ago period. Analysts polled by Thomson First Call had forecast third-quarter revenue of $44 million. The Los Alto, Calif.-based company, which licenses semiconductor technology, said it wasn't releasing full earnings results due to the ongoing internal investigation into its past stock option granting practices. Rambus also said the increase in quarterly sales was driven by new product and patent licensing revenues from agreements announced earlier this year.
Rambus estimates $200M charge from stock-option grant probe -
Rambus Inc. said late Thursday it expects to take a preliminary, non-cash charge worth more than $200 million for mistakes in its accounting for stock option grants. Rambus, which licenses its memory-chip technology to electronics makers, said a vast majority of its stock-option grants handed out between 1998 and 2001 weren't correctly dated or accounted for.