Rambus Lowers Revenue Forecast

Rambus will have the right to redeem the notes in whole or in part at a specified redemption price at any time on or after June 15, 2012, if certain conditions are met.

Final terms, including the interest rate, conversion price and other terms, will be determined through negotiations between Rambus and Credit Suisse Securities and J.P. Morgan Securities Inc., joint book-running managers for the offering.

Rambus intends to use the net proceeds from the offering for general corporate purposes, which may include financing potential acquisitions and strategic transactions, repayment of Rambus' zero coupon convertible senior notes due 2010, and working capital.

Rambus shares fell 4.7%, or 87 cents to close at $17.83 on Monday.