Intel makes patriotic investment in Rambus
Renews License, Ink
Americans were urged to make "patriotic" investments over the weekend to prevent the stock market tanking, and good citizen Craig Barrett has taken up the call.
Intel and RAMBUS, Inc have renewed their cross-licensing agreement for another five years.
Little was disclosed on the deal, although Rambus' CFO Bob Eulau said the "strategic" implications were greater than the "financial" implications. The deal gives Chipzilla access to the full RMBS patent portfolio and gives the latter fixed quarterly payments for the duration.
RMBS stock closed up 7.7 per cent (and not down as we earlier reported), and INTL 9.5 per cent down on a day of heavy losses. Eulow said he expects revenue to $27-29m for the current quarter. ®