Earnings per share for the quarter were 5 cents, compared to 8 cents in the second quarter last year and 4 cents in the previous quarter.

Net income for Q2 was $5.4 million or 13 percent of revenue, compared to $8.3 million in Q2 2004 and $4.4 million in Q1.

“The second half of the year is a challenge to forecast given the number of patent license agreements and renewals we are currently negotiating,” commented Harold Hughes, Rambus’ CEO, in a statement.

“We remain committed to signing agreements that generate long-term value,” he explained.

“We have taken important and necessary actions to protect our intellectual property while we work on patent license renewals,” he continued.

“We are very encouraged by the growing interest we are seeing in our advanced high-speed interface designs, particularly in our XDR memory interface as well as the momentum we are seeing with our PCI Express solutions,” Hughes added.

Q2 results reflected $5.4 million in contract revenues, up 1 percent over Q2 2004 and down 18 percent from Q1. This sequential decline in contract revenue was a result of less revenue from contracts for XDR memory interfaces and FlexIO as the company neared completion of initial contracts associated with the cell processor and XDR DRAM.

Also, Q2 results include $34.6 million in royalties, up 17 percent over Q2 2004 and up 5 percent from Q1. The increase in royalties primarily reflects an increase in SDRAM and DDR royalties relative to both periods, the company noted.

By: DocMemory
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