rambus inc (RMBS) Key Developments
Rambus Inc. Announces Appointments to Cryptography Research Division
Sep 11 14
Rambus Inc. announced the expansion of the Cryptography Research division leadership team, including Dr. Simon Blake-Wilson as vice president, Products and Marketing, Philippe Martineau as senior director of Ecosystem Business Development, and Ron Perez as Systems Security Fellow. These individuals bring significant security industry experience to the existing Cryptography Research team, with the goal of scaling embedded security IP solutions and services to meet the growing demand for trusted solutions. Dr. Simon Blake-Wilson is a researcher in wireless security and the co-inventor of EAPTTLS, a WLAN security solution. Prior to joining Rambus, he served in critical security roles including executive vice president of the Mobile Security Division and chief sales officer of Inside Secure SA, vice president of the Embedded Security Solutions division of AuthenTec and director of Business Development and Cryptographic Research at Certicom. Blake-Wilson's background will aid in the next growth phase in security products and solutions. Philippe Martineau joins the Rambus Worldwide Sales and Operations organization with a focus on mobile ecosystem and business development in the security space. With more than 20 years of experience, Martineau has served in various roles for both large and disruptive companies. Prior to joining Rambus, Martineau served as executive vice president of the NFC Business at Inside Secure SA where he set the strategy to position the organization in NFC with differentiating value.
Rambus Inc. Licenses Cryptography Research CryptoFirewall to Mstar Semiconductor, Inc
Aug 28 14
Cryptography Research, the security division of Rambus Inc. announced that MStar Semiconductor Inc. has licensed the Cryptography Research CryptoFirewall(TM) security core for integration into its connected TV solution chips. The CryptoFirewall core will provide operators and over-the-top (OTT) distributors utilizing MStar-based connected TVs with strong hardware security to protect content and services against piracy. The proliferation of OTT content, along with the market opportunity for smart connected televisions, has created a need for security solutions that not only offer robust protection on par with set-top-boxes, but also work across broad ecosystems. Through adding in the CryptoFirewall core, MStar is taking a differentiated approach by integrating a provider-agnostic security block that resides within the SoC, available for all service providers. Operators and OTT distributors can benefit from hardware-based security that satisfies the most stringent requirements for premium content, all while continuing to use their existing CAS and DRM systems. The CryptoFirewall core is a self-contained ASIC security core that provides a secure hardware foundation for signal security applications. The CryptoFirewall cores enable a uniformly high level of security across set-top-boxes and connected TVs, enabling the next wave of secure digital distribution. The core is designed to protect cryptographic keys and computations within a chip, even if surrounding components are compromised. The CryptoFirewall core is easily integrated directly into video decoding SoCs from the leading manufacturers supplying the set-top box chip market and now, with MStar. The CryptoFirewall core provides a robust and cost-effective solution that is complementary with hardware and software-based conditional access solutions, protecting against piracy of content and services.
Microsemi Gets Extension of Patent License
Aug 17 14
Microsemi announced that the company has obtained an extension of its existing Differential Power Analysis (DPA) patent license from the Cryptography Research division of Rambus. The company reported that the patent license extension allows Microsemi to continue providing solutions for the secure booting of third-party processors and FPGAs using the Cryptography Research portfolio of patented DPA countermeasures. Microsemi is the only major FPGA company that currently has a license to use the patented DPA countermeasures, and has implemented DPA-resistant secure programming and boot-up protocols in its SmartFusion2 SoC FPGAs and IGLOO2 FPGAs. Microsemi will now be able to extend the secure boot protection of these Microsemi devices to other third-party MCUs, DSPs, GPUs and FPGAs used within the same system. Microsemi is currently engaging key customers with the secure boot solution, and is offering the solution as a reference design that runs on Microsemi's standard cryptographically-enabled SmartFusion2 and IGLOO2 FPGAs.
Rambus Inc. Presents at Citi 2014 Global Technology Conference, Sep-03-2014 04:15 PM
Jul 23 14
Rambus Inc. Presents at Citi 2014 Global Technology Conference, Sep-03-2014 04:15 PM. Venue: Hilton New York, 1335 Avenue of the Americas, New York, NY 10019, United States. Speakers: Ronald D. Black, Chief Executive Officer, President and Director, Satish Rishi, Chief Financial Officer, Principal Accounting Officer and Senior Vice President of Finance.
Rambus Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Revenue Guidance for the Third Quarter of 2014 and Earnings Guidance for the Full Year of 2014
Jul 21 14
Rambus Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Revenue for the second quarter of 2014 was $76.5 million, down 2% on a sequential basis from the first quarter of 2014 primarily due to a one-time catch-up payment from the new license agreement signed with Nanya Technology Corporation during the first quarter of 2014. As compared to the second quarter of 2013, revenue was up 32% primarily due to the license agreements signed with SK hynix, Micron Technology, Nanya Technology Corporation and Qualcomm, offset by lower royalty revenue from Samsung. Net income for the second quarter of 2014 was $5.0 million as compared to net income of $7.8 million in the first quarter of 2014 and net loss of $7.8 million in the second quarter of 2013. Basic and diluted net income per share for the second quarter of 2014 was $0.04 as compared to basic and diluted net loss per share of $0.07 in the second quarter of 2013. Non-GAAP net income in the second quarter of 2014 was $18.9 million, 4% lower than the prior quarter and 273% higher than the second quarter of 2013. Non-GAAP diluted net income per share was $0.16 in the second quarter of 2014 as compared to basic and diluted earnings per share of $0.04 in the second quarter of 2013. Operating income was $20,104,000 against $5,744,000 for the same period in the last year. Income before income taxes was $11,438,000 against loss before income taxes of $3,101,000 for the same period in the last year. Non-GAAP operating income was $32,744,000 against $11,220,000 for the same period in the last year. Non-GAAP income before income taxes was $29,547,000 against $7,920,000 for the same period in the last year. Cash from operations was approximately $10 million, slightly lower than expected due to timing difference between signing deals and collections.
Revenue for the six months ended June 30, 2014 was $154.8 million, which was up 24% over the prior year period, primarily due to the license agreements signed with SK hynix, Micron Technology, Nanya Technology Corporation and Qualcomm, offset by lower royalty revenue from Samsung. Operating income was $43,293,000 against $7,185,000 for the same period in the last year. Income before income taxes was $24,714,000 against loss before income taxes of $8,992,000 for the same period in the last year. Net income for the six months ended June 30, 2014 was $12.8 million as compared to a net loss of $18.2 million for the same period of 2013. Basic and diluted net income per share for the six months ended June 30, 2014 was $0.11 as compared to a basic and diluted net loss per share of $0.16 for the same period of 2013. Non-GAAP net income for the six months ended June 30, 2014 was $38.6 million as compared to $15.9 million in the same period of 2013. Non-GAAP diluted net income per share was $0.33 for the six months ended June 30, 2014 as compared to non-GAAP basic and diluted net income per share of $0.14 for the six months ended June 30, 2013. Non-GAAP operating income was $67,103,000 against $31,398,000 for the same period in the last year. Non-GAAP income before income taxes was $60,235,000 against $24,855,000 for the same period in the last year.
For the third quarter of 2014, the company expects revenue to be between $68 million and $73 million. Revenue is not without risk and includes expectations that the company will sign new customers for patent as well as solutions licensing.
For the full year 2014, the company still expect revenue to be between $295 million and $305 million. The company now expects cash from operations to be between $65 million and $75 million.