Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Rambus and LSI Reach Settlement, Sign Licensing Deal

Memory chip maker Rambus (NASDAQ: RMBS  ) has announced that it signed a patent license agreement with LSI  (NYSE: LSI.DL  ) running through 2018, following a settlement the two reached in the long-running lawsuit against the semiconductor specialist. The agreement allows LSI to include Rambus' patented innovations in all its products.

While Rambus said the terms of the settlement are confidential, it also revised its first-quarter revenue projections to now say it expected between $65 million and $69 million, up from its prior guidance of $58 million to $63 million, suggesting that LSI paid Rambus somewhere between $6 million and $7 million.

Kevin Donnelly, senior VP and general manager at Rambus, said, "Reaching this agreement with LSI is an important step as we look forward to deeper engagement and collaboration with the industry." The memory-chip maker's stock jumped almost 7% in after hours trading.

RMBS Chart

RMBS data by YCharts.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2267374, ~/Articles/ArticleHandler.aspx, 9/30/2016 2:55:50 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 5 hours ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
LSI.DL $0.00 Down +0.00 +0.00%
LSI CAPS Rating: *****
RMBS $12.39 Down -0.14 -1.12%
Rambus CAPS Rating: **