Rambus far from Rambust despite loss

It's a licence to print money

Licensing technology for Sony's PlayStation accounted for the bulk of Rambus revenues in its second financial quarter to 31 March, the firm said yesterday. Revenues, at $15.7 million for the quarter, were a record, but after taking into account employee stock option charges amounting to $171 million, the balance sheet showed a paper loss of $166.8 million. Revenues for this period include $4.4 million from an unnamed licensee which Rambus has cancelled its contract with. Rambus licenses its technology in return for royalties to third-parties. So far, Nintendo and Sony have so far accounted for the lion's share of royalty revenues, bu Rambus said it expects some PC licence fees to come its way during its third financial quarter. The share price, apparently affected by the general nose dive on Nasdaq, fell by $32 to close at $214. ®

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