{"id":13846,"date":"2005-07-14T05:12:57","date_gmt":"2005-07-14T05:12:57","guid":{"rendered":"https:\/\/www.rambus.com\/?p=13846"},"modified":"2015-10-07T18:50:26","modified_gmt":"2015-10-07T18:50:26","slug":"rambus-reports-second-quarter-earnings-3","status":"publish","type":"post","link":"https:\/\/www.rambus.com\/rambus-reports-second-quarter-earnings-3\/","title":{"rendered":"Rambus Reports Second Quarter Earnings"},"content":{"rendered":"<p><em>Earnings per share of 5 cents;<\/em><\/p>\n<p><strong style=\"text-transform: uppercase;\">Los Altos, California, United States<\/strong><br \/>\n&#8211;\u00a0<strong>07\/14\/2005<\/strong><br \/>\nRambus Inc. (Nasdaq: RMBS), one of the world&#8217;s<br \/>\npremier technology licensing companies specializing in high-speed<br \/>\nchip interfaces, today reported financial results for the second<br \/>\nquarter of 2005. Earnings per share for the quarter were 5 cents,<br \/>\ncompared to 8 cents in the second quarter last year and 4 cents<br \/>\nin the previous quarter. Net income for the second quarter was<br \/>\n$5.4 million (13% of revenue), compared to $8.3 million in the<br \/>\nsecond quarter last year and $4.4 million in the previous<br \/>\nquarter. Revenues for the second quarter were $40.0 million, up<br \/>\n14% over the second quarter last year and up 1% from the previous<br \/>\nquarter.<\/p>\n<p>We are pleased to report record revenues<br \/>\nfor the second consecutive quarter. The second half of the year<br \/>\nis a challenge to forecast given the number of patent license<br \/>\nagreements and renewals we are currently negotiating. We remain<br \/>\ncommitted to signing agreements that generate long-term<br \/>\nvalue, said Harold Hughes, Chief Executive Officer<br \/>\nat Rambus. We have taken important and<br \/>\nnecessary actions to protect our intellectual property while we<br \/>\nwork on patent license renewals. We are very encouraged by the<br \/>\ngrowing interest we are seeing in our advanced high-speed<br \/>\ninterface designs, particularly in our<br \/>\nXDR<sup><small>tm<\/small><\/sup> memory interface as well as the<br \/>\nmomentum we are seeing with our PCI Express<br \/>\nsolutions.<\/p>\n<p>Second quarter results reflected $5.4 million in contract<br \/>\nrevenues, up 1% over the second quarter last year and down 18%<br \/>\nfrom the previous quarter. This sequential decline in contract<br \/>\nrevenue was a result of less revenue from contracts for XDR<br \/>\nmemory interfaces and FlexIO<sup><small>tm<\/small><\/sup> as we<br \/>\nnear the completion of initial contracts associated with the cell<br \/>\nprocessor and XDR DRAM. Second quarter results include $34.6<br \/>\nmillion in royalties, up 17% over the second quarter last year<br \/>\nand up 5% from the previous quarter. The increase in royalties<br \/>\nprimarily reflects an increase in SDRAM and DDR royalties<br \/>\nrelative to both periods.<\/p>\n<p>Total costs and expenses were $34.4 million compared with<br \/>\n$24.4 million in the second quarter last year and $34.7 million<br \/>\nlast quarter. $5.2 million of the increase over the second<br \/>\nquarter of last year was due to litigation expense. The remaining<br \/>\nincreases were primarily related to increased costs in<br \/>\nengineering and administration.<\/p>\n<p>The tax rate for the second quarter is 40.6% which is up from<br \/>\n37% in the first quarter due to a forecasted tax rate for 2005 of<br \/>\n39%. The two primary drivers of this increase in the tax rate are<br \/>\nour forecast for earnings before income tax and stock-based<br \/>\ncompensation expense which is not deductible for income tax<br \/>\npurposes.<\/p>\n<p>Cash, cash equivalents and marketable securities increased<br \/>\nfrom $460 million to $471 million since March 31, 2005. The<br \/>\nincrease in cash was primarily attributable to cash generated by<br \/>\noperations.<\/p>\n<p>The earnings announcement call will be broadcast live on our<br \/>\nwebsite (www.rambus.com) at 2:00 p.m. PDT today. To experience<br \/>\nthe audio of the Q2 Webcast, you need sound capabilities on your<br \/>\npersonal computer and installation of RealPlayer or Windows Media<br \/>\nPlayer. These features are available at no cost.<\/p>\n<p>The conference call replay number is 888-203-1112 and the ID<br \/>\nnumber is 5462558. For international callers, the number is<br \/>\n719-457-0820. The replay will be available on our website<br \/>\nbeginning at 5:00 p.m. PDT today.<\/p>\n<h3>About Rambus Inc.<\/h3>\n<p>Rambus is one of the world\u2019s premier<br \/>\ntechnology licensing companies specializing in the invention and<br \/>\ndesign of high-speed chip interfaces. Since its founding in 1990,<br \/>\nthe company\u2019s innovations, breakthrough<br \/>\ntechnologies and integration expertise have helped<br \/>\nindustry-leading chip and system companies solve their most<br \/>\nchallenging and complex I\/O problems and bring their products to<br \/>\nmarket. Rambus\u2019s interface solutions can be<br \/>\nfound in numerous computing, consumer, and communications<br \/>\nproducts and applications. Rambus is headquartered in Los Altos,<br \/>\nCalif., with regional offices in Bangalore, India, Chapel Hill,<br \/>\nNorth Carolina, Taipei, Taiwan and Tokyo, Japan. Additional<br \/>\ninformation is available at www.rambus.com.<\/p>\n<table class=\"earnings\">\n<tbody>\n<tr>\n<td colspan=\"4\"><strong>Condensed Consolidated Statements of Operations<\/strong><br \/>\n(In thousands, except per share amounts)<br \/>\n(Unaudited)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td style=\"text-align: right;\" colspan=\"3\"><strong>Three Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td style=\"text-align: right;\"><strong>June 30, 2005<\/strong><\/td>\n<td style=\"text-align: right;\"><strong>March 31, 2005<\/strong><\/td>\n<td style=\"text-align: right;\"><strong>June 30, 2004<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Revenues:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Contract revenues<\/span><\/td>\n<td style=\"text-align: right;\">$ 5,390<\/td>\n<td style=\"text-align: right;\">$ 6,600<\/td>\n<td style=\"text-align: right;\">$ 5,349<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Royalties<\/span><\/td>\n<td style=\"text-align: right;\">34,595<\/td>\n<td style=\"text-align: right;\">33,011<\/td>\n<td style=\"text-align: right;\">29,616<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Total revenues<\/span><\/td>\n<td style=\"text-align: right;\">39,985<\/td>\n<td style=\"text-align: right;\">39,611<\/td>\n<td style=\"text-align: right;\">34,965<\/td>\n<\/tr>\n<tr>\n<td><strong>Costs and expenses:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Cost of contract revenues<\/span><\/td>\n<td style=\"text-align: right;\">4,965<\/td>\n<td style=\"text-align: right;\">5,603<\/td>\n<td style=\"text-align: right;\">4,957<\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Research and development<\/span><\/td>\n<td style=\"text-align: right;\">9,934<\/td>\n<td style=\"text-align: right;\">8,591<\/td>\n<td style=\"text-align: right;\">7,929<\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Marketing, general &amp; administrative<\/span><\/td>\n<td style=\"text-align: right;\">9,502<\/td>\n<td style=\"text-align: right;\">9,358<\/td>\n<td style=\"text-align: right;\">6,724<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Litigation expense<\/span><\/td>\n<td style=\"text-align: right;\">9,980<\/td>\n<td style=\"text-align: right;\">11,140<\/td>\n<td style=\"text-align: right;\">4,747<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Total costs and expenses<\/span><\/td>\n<td style=\"text-align: right;\">34,381<\/td>\n<td style=\"text-align: right;\">34,692<\/td>\n<td style=\"text-align: right;\">24,357<\/td>\n<\/tr>\n<tr>\n<td><strong>Operating income<\/strong><\/td>\n<td style=\"text-align: right;\">5,604<\/td>\n<td style=\"text-align: right;\">4,919<\/td>\n<td style=\"text-align: right;\">10,608<\/td>\n<\/tr>\n<tr>\n<td><strong>Interest and other income, net<\/strong><\/td>\n<td style=\"text-align: right;\">3,414<\/td>\n<td style=\"text-align: right;\">2,129<\/td>\n<td style=\"text-align: right;\">2,199<\/td>\n<\/tr>\n<tr>\n<td><strong>Income before income taxes<\/strong><\/td>\n<td style=\"text-align: right;\">9,018<\/td>\n<td style=\"text-align: right;\">7,048<\/td>\n<td style=\"text-align: right;\">12,807<\/td>\n<\/tr>\n<tr>\n<td><strong>Provision for income taxes<\/strong><\/td>\n<td style=\"text-align: right;\">3,658<\/td>\n<td style=\"text-align: right;\">2,608<\/td>\n<td style=\"text-align: right;\">4,483<\/td>\n<\/tr>\n<tr>\n<td><strong>Net income<\/strong><\/td>\n<td style=\"text-align: right;\">$ 5,360<\/td>\n<td style=\"text-align: right;\">$ 4,440<\/td>\n<td style=\"text-align: right;\">$ 8,324<\/td>\n<\/tr>\n<tr>\n<td><strong>Net income per share &#8211; basic<\/strong><\/td>\n<td style=\"text-align: right;\">$ 0.05<\/td>\n<td style=\"text-align: right;\">$ 0.04<\/td>\n<td style=\"text-align: right;\">$ 0.08<\/td>\n<\/tr>\n<tr>\n<td><strong>Net income per share &#8211; diluted<\/strong><\/td>\n<td style=\"text-align: right;\">$ 0.05<\/td>\n<td style=\"text-align: right;\">$ 0.04<\/td>\n<td style=\"text-align: right;\">$ 0.08<\/td>\n<\/tr>\n<tr>\n<td><strong>Shares used in per share<br \/>\ncalculations:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Basic<\/span><\/td>\n<td style=\"text-align: right;\">99,596<\/td>\n<td style=\"text-align: right;\">100,280<\/td>\n<td style=\"text-align: right;\">102,500<\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Diluted<\/span><\/td>\n<td style=\"text-align: right;\">103,675<\/td>\n<td style=\"text-align: right;\">105,913<\/td>\n<td style=\"text-align: right;\">109,850<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"earnings\">\n<tbody>\n<tr>\n<td><\/td>\n<td style=\"text-align: right;\" colspan=\"2\"><strong>Six Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td style=\"text-align: right;\"><strong>June 30, 2005<\/strong><\/td>\n<td style=\"text-align: right;\"><strong>June 30, 2004<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Revenues:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Contract revenues<\/span><\/td>\n<td style=\"text-align: right;\">$ 11,990<\/td>\n<td style=\"text-align: right;\">$ 10,428<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Royalties<\/span><\/td>\n<td style=\"text-align: right;\">67,606<\/td>\n<td style=\"text-align: right;\">57,078<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Total revenues<\/span><\/td>\n<td style=\"text-align: right;\">79,596<\/td>\n<td style=\"text-align: right;\">67,506<\/td>\n<\/tr>\n<tr>\n<td><strong>Costs and expenses:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Cost of contract revenues<\/span><\/td>\n<td style=\"text-align: right;\">10,568<\/td>\n<td style=\"text-align: right;\">10,191<\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Research and development<\/span><\/td>\n<td style=\"text-align: right;\">18,525<\/td>\n<td style=\"text-align: right;\">15,356<\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Marketing, general &amp; administrative<\/span><\/td>\n<td style=\"text-align: right;\">18,860<\/td>\n<td style=\"text-align: right;\">13,754<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Litigation expense<\/span><\/td>\n<td style=\"text-align: right;\">21,120<\/td>\n<td style=\"text-align: right;\">8,925<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Total costs and expenses<\/span><\/td>\n<td style=\"text-align: right;\">69,073<\/td>\n<td style=\"text-align: right;\">48,226<\/td>\n<\/tr>\n<tr>\n<td><strong>Operating income<\/strong><\/td>\n<td style=\"text-align: right;\">10,523<\/td>\n<td style=\"text-align: right;\">19,280<\/td>\n<\/tr>\n<tr>\n<td><strong>Interest and other income, net<\/strong><\/td>\n<td style=\"text-align: right;\">5,543<\/td>\n<td style=\"text-align: right;\">6,303<\/td>\n<\/tr>\n<tr>\n<td><strong>Income before income taxes<\/strong><\/td>\n<td style=\"text-align: right;\">16,066<\/td>\n<td style=\"text-align: right;\">25,583<\/td>\n<\/tr>\n<tr>\n<td><strong>Provision for income taxes<\/strong><\/td>\n<td style=\"text-align: right;\">6,266<\/td>\n<td style=\"text-align: right;\">8,954<\/td>\n<\/tr>\n<tr>\n<td><strong>Net income<\/strong><\/td>\n<td style=\"text-align: right;\">$ 9,800<\/td>\n<td style=\"text-align: right;\">$ 16,629<\/td>\n<\/tr>\n<tr>\n<td><strong>Net income per share &#8211; basic<\/strong><\/td>\n<td style=\"text-align: right;\">$ 0.10<\/td>\n<td style=\"text-align: right;\">$ 0.16<\/td>\n<\/tr>\n<tr>\n<td><strong>Net income per share &#8211; diluted<\/strong><\/td>\n<td style=\"text-align: right;\">$ 0.09<\/td>\n<td style=\"text-align: right;\">$ 0.15<\/td>\n<\/tr>\n<tr>\n<td><strong>Shares used in per share<br \/>\ncalculations:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Basic<\/span><\/td>\n<td style=\"text-align: right;\">99,936<\/td>\n<td style=\"text-align: right;\">101,733<\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Diluted<\/span><\/td>\n<td style=\"text-align: right;\">104,693<\/td>\n<td style=\"text-align: right;\">110,560<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"earnings\">\n<tbody>\n<tr>\n<td colspan=\"4\"><strong>Condensed Consolidated Balance Sheets<\/strong><br \/>\n(In thousands)<br \/>\n(Unaudited)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td style=\"text-align: right;\"><strong>June 30, 2005<\/strong><\/td>\n<td style=\"text-align: right;\"><strong>March 31, 2005<\/strong><\/td>\n<td style=\"text-align: right;\"><strong>December 31, 2004<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Assets<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>Current assets:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Cash and cash equivalents<\/span><\/td>\n<td style=\"text-align: right;\">$ 69,929<\/td>\n<td style=\"text-align: right;\">$ 208,021<\/td>\n<td style=\"text-align: right;\">$ 48,310<\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Marketable securities<\/span><\/td>\n<td style=\"text-align: right;\">101,470<\/td>\n<td style=\"text-align: right;\">96,802<\/td>\n<td style=\"text-align: right;\">89,483<\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Accounts receivable<\/span><\/td>\n<td style=\"text-align: right;\">1,667<\/td>\n<td style=\"text-align: right;\">3,596<\/td>\n<td style=\"text-align: right;\">1,435<\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Prepaid and deferred taxes<\/span><\/td>\n<td style=\"text-align: right;\">13,703<\/td>\n<td style=\"text-align: right;\">13,710<\/td>\n<td style=\"text-align: right;\">13,861<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Prepaids and other current assets<\/span><\/td>\n<td style=\"text-align: right;\">5,481<\/td>\n<td style=\"text-align: right;\">4,009<\/td>\n<td style=\"text-align: right;\">4,094<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Total current assets<\/span><\/td>\n<td style=\"text-align: right;\">192,250<\/td>\n<td style=\"text-align: right;\">326,138<\/td>\n<td style=\"text-align: right;\">157,183<\/td>\n<\/tr>\n<tr>\n<td><strong>Property and equipment, net<\/strong><\/td>\n<td style=\"text-align: right;\">21,756<\/td>\n<td style=\"text-align: right;\">18,130<\/td>\n<td style=\"text-align: right;\">17,578<\/td>\n<\/tr>\n<tr>\n<td><strong>Marketable securities,<br \/>\nlong-term<\/strong><\/td>\n<td style=\"text-align: right;\">299,325<\/td>\n<td style=\"text-align: right;\">155,360<\/td>\n<td style=\"text-align: right;\">98,567<\/td>\n<\/tr>\n<tr>\n<td><strong>Restricted investments<\/strong><\/td>\n<td style=\"text-align: right;\">2,302<\/td>\n<td style=\"text-align: right;\">5,076<\/td>\n<td style=\"text-align: right;\">5,067<\/td>\n<\/tr>\n<tr>\n<td><strong>Deferred taxes, long-term<\/strong><\/td>\n<td style=\"text-align: right;\">72,587<\/td>\n<td style=\"text-align: right;\">74,507<\/td>\n<td style=\"text-align: right;\">75,295<\/td>\n<\/tr>\n<tr>\n<td><strong>Purchased intangible assets,<br \/>\nnet<\/strong><\/td>\n<td style=\"text-align: right;\">23,437<\/td>\n<td style=\"text-align: right;\">20,844<\/td>\n<td style=\"text-align: right;\">21,765<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><strong>Other assets<\/strong><\/td>\n<td style=\"text-align: right;\">10,744<\/td>\n<td style=\"text-align: right;\">8,418<\/td>\n<td style=\"text-align: right;\">1,269<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><strong>Total assets<\/strong><\/td>\n<td style=\"text-align: right;\">$ 622,401<\/td>\n<td style=\"text-align: right;\">$ 608,473<\/td>\n<td style=\"text-align: right;\">$ 376,724<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><strong>Total cash, cash equivalents, and marketable<br \/>\nsecurities<\/strong><\/td>\n<td style=\"text-align: right;\">$ 470,724<\/td>\n<td style=\"text-align: right;\">$ 460,183<\/td>\n<td style=\"text-align: right;\">$ 236,360<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>Liabilities And Stockholders\u2019<br \/>\nEquity<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>Current liabilities:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Accounts payable and other current<br \/>\nliabilities<\/span><\/td>\n<td style=\"text-align: right;\">$ 24,811<\/td>\n<td style=\"text-align: right;\">$ 21,671<\/td>\n<td style=\"text-align: right;\">$ 17,444<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Deferred revenue<\/span><\/td>\n<td style=\"text-align: right;\">8,035<\/td>\n<td style=\"text-align: right;\">13,447<\/td>\n<td style=\"text-align: right;\">19,271<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Total current liabilities<\/span><\/td>\n<td style=\"text-align: right;\">32,846<\/td>\n<td style=\"text-align: right;\">35,118<\/td>\n<td style=\"text-align: right;\">36,715<\/td>\n<\/tr>\n<tr>\n<td><strong>Notes payable<\/strong><\/td>\n<td style=\"text-align: right;\">300,000<\/td>\n<td style=\"text-align: right;\">300,000<\/td>\n<td style=\"text-align: right;\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td><strong>Deferred revenue, less current<br \/>\nportion<\/strong><\/td>\n<td style=\"text-align: right;\">6,630<\/td>\n<td style=\"text-align: right;\">5,314<\/td>\n<td style=\"text-align: right;\">4,552<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><strong>Other long-term liabilities<\/strong><\/td>\n<td style=\"text-align: right;\">1,992<\/td>\n<td style=\"text-align: right;\">&#8211;<\/td>\n<td style=\"text-align: right;\">&#8211;<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Total liabilities<\/span><\/td>\n<td style=\"text-align: right;\">341,468<\/td>\n<td style=\"text-align: right;\">340,432<\/td>\n<td style=\"text-align: right;\">41,267<\/td>\n<\/tr>\n<tr>\n<td><strong>Stockholders\u2019 equity:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Common Stock<\/span><\/td>\n<td style=\"text-align: right;\">100<\/td>\n<td style=\"text-align: right;\">99<\/td>\n<td style=\"text-align: right;\">103<\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Additional paid-in capital<\/span><\/td>\n<td style=\"text-align: right;\">331,005<\/td>\n<td style=\"text-align: right;\">325,344<\/td>\n<td style=\"text-align: right;\">341,080<\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Deferred stock-based compensation<\/span><\/td>\n<td style=\"text-align: right;\">(267)<\/td>\n<td style=\"text-align: right;\">(1,548)<\/td>\n<td style=\"text-align: right;\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"indent\">Accumulated other comprehensive gain (loss)<\/span><\/td>\n<td style=\"text-align: right;\">(1,028)<\/td>\n<td style=\"text-align: right;\">(1,617)<\/td>\n<td style=\"text-align: right;\">(878)<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Accumulated deficit<\/span><\/td>\n<td style=\"text-align: right;\">(48,877)<\/td>\n<td style=\"text-align: right;\">(54,237)<\/td>\n<td style=\"text-align: right;\">(4,848)<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><span class=\"indent\">Total stockholders\u2019 equity<\/span><\/td>\n<td style=\"text-align: right;\">280,933<\/td>\n<td style=\"text-align: right;\">268,041<\/td>\n<td style=\"text-align: right;\">335,457<\/td>\n<\/tr>\n<tr class=\"rule\">\n<td><strong>Total liabilities and stockholders\u2019<br \/>\nequity<\/strong><\/td>\n<td style=\"text-align: right;\">$ 622,401<\/td>\n<td style=\"text-align: right;\">$ 608,473<\/td>\n<td style=\"text-align: right;\">$ 376,724<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Earnings per share of 5 cents; Los Altos, California, United States &#8211;\u00a007\/14\/2005 Rambus Inc. (Nasdaq: RMBS), one of the world&#8217;s premier technology licensing companies specializing in high-speed chip interfaces, today reported financial results for the second quarter of 2005. Earnings per share for the quarter were 5 cents, compared to 8 cents in the second [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[82,34],"tags":[],"class_list":{"0":"post-13846","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-financial","7":"category-pressreleases","8":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rambus Reports Second Quarter Earnings - Rambus<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rambus.com\/rambus-reports-second-quarter-earnings-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rambus Reports Second Quarter Earnings\" \/>\n<meta property=\"og:description\" content=\"Earnings per share of 5 cents; Los Altos, California, United States -\u00a007\/14\/2005 Rambus Inc. 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