We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Rambus (RMBS), Western Digital Sign Licensing Agreement
Read MoreHide Full Article
Rambus Inc. (RMBS - Free Report) signed a patent licensing agreement with hard disk drive (HDD) manufacturer Western Digital Corp. (WDC - Free Report) for an undisclosed sum. Per the terms of the agreement, Western Digital can use Rambus’ patented technology for its memory products for five years.
Western Digital designs, develops, manufactures and markets a broad line of hard drives featuring leading-edge technology. The company's hard drives are designed for the desktop PC market and high-end hard drive market. Of late, the drives are being used for audio-visual applications such as new video recording devices.
Rambus will receive royalty payments during the contract period. According to Luc Seraphin, senior vice president and general manager of the Interface Division at Rambus, “This agreement with Western Digital provides access to our patented memory technologies that address the challenging requirements of modern data centers.”
California-based Rambus designs, develops and licenses chip interface technologies and architectures that are used in digital electronics products.
Licensing agreements are a recurring revenue source for Rambus, the result of successful monetizing of its patents. Rambus’ patented technologies are of great importance to chipmakers for manufacturing advanced chips used in computers and electronic goods.
Going forward, we believe that Rambus is well poised to capitalize on the rising popularity of energy-efficient lighting and LED products in the latest architectural, retail, commercial and residential lighting fixtures.
Notably, Rambus is going through a restructuring phase and we expect it to yield favorable results.
Furthermore, the acquisition of certain serial link assets of Semtech Corporation’s Snowbush IP and Smart Card Software will enhance its product offerings, thereby boosting its top and bottom line performance in the to-be-reported quarter, in our view.
Nonetheless, competition from Semiconductor Manufacturing International Corp. (SMI - Free Report) and Advanced Micro Devices (AMD - Free Report) , and customer concentration remain headwinds for the company.
Rambus’ stock price has declined 1.36% over the last one year, underperforming the Zacks Categorized Electronics-Semiconductors industry, which showcased an increase of 73.77%.
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Rambus (RMBS), Western Digital Sign Licensing Agreement
Rambus Inc. (RMBS - Free Report) signed a patent licensing agreement with hard disk drive (HDD) manufacturer Western Digital Corp. (WDC - Free Report) for an undisclosed sum. Per the terms of the agreement, Western Digital can use Rambus’ patented technology for its memory products for five years.
Western Digital designs, develops, manufactures and markets a broad line of hard drives featuring leading-edge technology. The company's hard drives are designed for the desktop PC market and high-end hard drive market. Of late, the drives are being used for audio-visual applications such as new video recording devices.
Rambus will receive royalty payments during the contract period. According to Luc Seraphin, senior vice president and general manager of the Interface Division at Rambus, “This agreement with Western Digital provides access to our patented memory technologies that address the challenging requirements of modern data centers.”
California-based Rambus designs, develops and licenses chip interface technologies and architectures that are used in digital electronics products.
Licensing agreements are a recurring revenue source for Rambus, the result of successful monetizing of its patents. Rambus’ patented technologies are of great importance to chipmakers for manufacturing advanced chips used in computers and electronic goods.
Going forward, we believe that Rambus is well poised to capitalize on the rising popularity of energy-efficient lighting and LED products in the latest architectural, retail, commercial and residential lighting fixtures.
Notably, Rambus is going through a restructuring phase and we expect it to yield favorable results.
Furthermore, the acquisition of certain serial link assets of Semtech Corporation’s Snowbush IP and Smart Card Software will enhance its product offerings, thereby boosting its top and bottom line performance in the to-be-reported quarter, in our view.
Nonetheless, competition from Semiconductor Manufacturing International Corp. (SMI - Free Report) and Advanced Micro Devices (AMD - Free Report) , and customer concentration remain headwinds for the company.
Rambus’ stock price has declined 1.36% over the last one year, underperforming the Zacks Categorized Electronics-Semiconductors industry, which showcased an increase of 73.77%.
Currently, Rambus has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>