In anticipation of the myopic market, Donkey sold 500 shares of Rambus at $14.54. The earnings conference call today (7/14/05) went off without a hitch - sans PowerPoint presentation.
Insider selling - down. Rambus announced that CEO Harold Hughes would be selling only enough of his soon to be vesting options to cover his taxes on the vesting options - retaining the balance of the shares.
Contract revenue - down. $5.39 million from $6.6 million Q1 '05 . . . but up from $5.349 Q2 '04. This is the workup income for IP placement in products coming down the pipe. Recent income has been earned on CELL.
Royalty income -up. $34.595 million from $33.011 million Q1 '05 and up from $29.616 million Q2 '04. This is the "collected" royalty income - not to be confused with the "earned" royalty income that is not being paid to Rambus by the manufacturers who are using Rambus intellectual property found in patents issued by the United States Patent Office.
Litigation expense - down. $9.98 million from $11.14 million Q1 '05 . . . but up from $4.747 million Q2 '04. Money well spent. Hopefully, Rambus has also retained the services of lobbyists.
Net income (diluted) per share - up. $0.05 from $0.04 Q1 '05 . . . but down from $0.08 Q2 '04.
Read the press release with Consolidated Statement of Operations here.
Hat tip to Rambus Investor Relations for the release of information in time for review by the Ramboids prior to the earnings conference call.
Thursday, July 14, 2005
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