Rambus third-quarter loss narrows |
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Wed, 31 Oct 2007 22:07
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SAN FRANCISCO (Thomson Financial) - Rambus Inc. late Wednesday reported a third-quarter net loss of $6.5 million, or 6 cents a share, versus a year-ago net loss of $22.6 million, or 3 cents a share.Revenue for the quarter ended Sept. 30 fell 9.2% to $41.7 million.Total costs and expenses for the third quarter of 2006 were $71.7 million,which included $23.8 million of restatement and related legal expenses and$10.5 million of stock-based compensation, the Los Altos, Calif.-based maker of chip interface technologies and architectures said.'We have come through a very challenging time for the company with therestatement and the consequences of the stock options backdatinginvestigation,' said Harold Hughes, president and chief executive, in a statement. 'We look forward to being able to focus our attention on technologydevelopment and licensing activities.'Rambus shares closed the regular session at $19.79, up 11 cents.Gabriel MadwaygmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Rambus regains compliance for listing on Nasdaq 