A year ago: Widespread support doubles Rambus profit
Fortune smiles on company with next year's DRAM technology
Posted 15 July 1998 -- a year ago Chip company Rambus has doubled its profits in its third financial quarter, boosted by support from the Intel Corporation and backed by a bevy of semiconductor manufacturers. The company turned over $9.2 million, showing profits of $1.8 million. That compares to a profit of $505,000 in the same period last year. Rambus, which designs high speed interface technology and licenses its designs to memory and other semiconductor companies, is expected to be a high flyer in the technology business. That is because next year its designs for fast DRAM have been backed by Intel, and will therefore be used by many of the larger PC vendors. Intel has an equity stake in Rambus. ®
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