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Rambus' CEO Presents At JPMorgan TMT Conference (Transcript)

Rambus Inc. (RMBS)

JPMorgan TMT Conference Call

May 16, 2012 14:50 ET


Harold Hughes – Chief Executive Officer


Paul Coster – JPMorgan


Paul Coster – JPMorgan

Thank you very much. Good afternoon. My name is Paul Coster. I’m the Senior Analyst covering applied and emerging technologies here at JPMorgan. And this is the 40th Annual TMT Conference, pretty impressive right. I'm very pleased to introduce Harold Hughes, the CEO of Rambus.

We recently upgraded Rambus to avoid advantage of the recent slide. And so we think this one is worth buying. Harold, can you explain, let's assume not everyone is familiar with the story, can you just explain what Rambus does and then we’ll get into some of the issues and questions and so on.

Harold Hughes

Certainly and thanks Paul, thanks for having us on your 40th Anniversary. Rambus was founded in 1990 specifically to focus on the need to improve significantly the performance of DRAM to match the requirements of the microprocessors. Since that time, we have continued to create great deal of technology in that area. We’ve been very successful in getting people to use that technology. We've been unfortunately somewhat less successful in getting everyone to pay for the use of that technology. We have roughly half of the DRAM industry licensed Samsung and Elpida, which by the way made their payment to us, their bankruptcy notwithstanding, they made the payment this quarter. And there has been a large body of litigation that has been ongoing.

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