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Rambus Raises 4Q Revenue Guidance; Shares Climb

DOW JONES NEWSWIRES Rambus Inc. (RMBS) raised its fourth-quarter revenue guidance, two weeks after reaching a five-year patent license agreement with Broadcom Corp. (BRCM) that settles all outstanding claims between the two companies. Rambus, which licenses patented technology used to accelerate the performance of memory chips, now expects fourth-quarter revenue of about $83 million, up from its prior forecast of $66 million to $71 million. Shares recently were trading 8.5% higher at $8.19 premarket. The stock has fallen 63% over the past 12 months. Terms of last month's deal, which covers serial links on Broadcom's integrated circuits, weren't disclosed. But Rambus's stock began to recover after a drop in November when a California jury ruled against the company in a separate antitrust case it had brought against Micron Technology Inc. (MU) and Hynix Semiconductor Inc. (HXSCF, 000660.SE). In October, Rambus said it swung to a third-quarter profit on sharply higher royalties revenue and contract revenue. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Broadcom (BRCM)
DateTimeHeadline
08/26/201517:30:00Avago Revenue Rises 37%
08/25/201518:25:11Statement of Changes in Beneficial Ownership (4)
08/25/201515:01:00Atmel Shares Soar After Strategic Review Acknowledgment
08/23/201520:19:00Gauge Shows Trader Unease On Deals
08/19/201512:00:00Broadcom Foundation and Society for Science & the Public Announce...
08/14/201519:57:00WeissLaw LLP Files Securities Class Action Against Broadcom Corp...
08/13/201512:35:00Broadcom Board of Directors Declares Quarterly Dividend
08/11/201517:14:38Filing of Certain Prospectuses and Communications in Connection...
08/11/201508:12:32Current Report Filing (8-k)
08/11/201508:10:31Filing of Certain Prospectuses and Communications in Connection...
08/11/201508:00:00Avago Technologies and Broadcom Announce Expiration of Hart-Scott-Rodino...
08/07/201518:42:33Statement of Changes in Beneficial Ownership (4)
08/07/201518:41:11Statement of Changes in Beneficial Ownership (4)
08/07/201518:39:20Statement of Changes in Beneficial Ownership (4)
08/07/201518:33:30Statement of Changes in Beneficial Ownership (4)
08/07/201518:31:30Statement of Changes in Beneficial Ownership (4)
08/07/201518:30:05Statement of Changes in Beneficial Ownership (4)
08/07/201518:27:26Statement of Changes in Beneficial Ownership (4)
08/07/201518:22:05Statement of Changes in Beneficial Ownership (4)
08/07/201518:20:14Statement of Changes in Beneficial Ownership (4)

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