Rambus Inc. (NASDAQ: RMBS) has just posted earnings with a net loss of 0$0.14 EPS on revenues of $40.5 million. First Call had estimates of -$0.10 EPS and $40 million in revenues. There may be items in that net loss number, so we’d evaluate the conference call and items listed in the press release before hanging our hat on any numbers..
Rambus noted its cash and equivalents at December 31, 2007 were $440.9 million. The company noted a rise in litigation expenses up $4.4 million sequentially as general litigation expenses for the quarter were $16.1 million.
No guidance was offered, so treat this as an incomplete report. Shares closed up 1.3% at $20.13 in regular trading today, and after the report shares were just trading down about 1% at $19.86 in thin volume after-hours trading activity. The 52-week trading range is $12.05 to $23.95.
Jon C. Ogg
February 4, 2008
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