Rambus has revised upward its revenue guidance to between US$85 and US$93 million for the fourth quarter of 2010, from the US$40-50 million projected initially. The revision was made after it inked a patent license deal with Elpida Memory.

"The Elpida agreement is estimated to result in royalty payments of US$180 million to Rambus over the next five years, including US$47 million to be paid in the current quarter," said Rambus CEO Harold Hughes said in a statement.

Rambus said its license agreement with Elpida has been renewed. The deal covers Elpida's range of memory products including SDR, DDR, DDR2, DDR3, LPDDR, LPDDR2, GDDR3 and GDDR5 DRAM.

Rambus' revenues for the third quarter slid 18% sequentially to US$31.7 million, as anticipated patent license renewals were not completed by the end of the quarter, the company earlier revealed. But revenues were up 14% compared to the third quarter of 2009, thanks to a licensing deal signed earlier in the year with Samsung Electronics.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved