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Rambus profit flat for 2nd Q


Friday, July 16, 2004
Rambus Inc., a developer and licensor of chip interface technology, made a net income of $8.3 million on sales revenue for the second quarter of $35.0 million, up 20 percent over the same quarter last year and up 7 percent from the previous quarter.

The net income was flat with $8.3 million in the previous quarter and compared to $4.5 million in the second quarter last year, the company reported Thursday.

"This was a very successful quarter with record revenue," said Geoff Tate, chief executive officer of Rambus, in a statement. "We are delighted with the new Cadence relationship announced today which strengthens our serial link portfolio and gives us the opportunity to reach many new potential customers. Earlier in the quarter, we announced the addition of DDR and DDR2 interfaces to our technology portfolio. Also, our long-standing relationship with Elpida now includes an extended and expanded patent license into 2008 for DDR, DDR2 and FB-DIMM memory types."

By: DocMemory
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