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Rambus 1Q Rev Up 6%; Sees Options Probe Impact Of $190M
Rambus Inc. said first-quarter revenue rose 6% to $50.1 million, but couldn't report full results because of a pending options-backdating investigation. The Los Altos, Calif., technology licensing company said it doesn't expect to be able to file its 10-Q for the quarter by the May 10 deadline. The company said it currently expects the impact of options backdating to be about $190 million. Rambus had 2005 revenue of $157.2 million. Rambus's shares closed Wednesday up 37 cents, or 1.8%, at $20.77.
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