This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Rambus Reports Fourth Quarter And Full Year Financial Results

Total operating costs and expenses for the year ended December 31, 2012 were $324.5 million, which included $13.2 million of general litigation expenses, $22.5 million of stock-based compensation expenses, $35.5 million of impairment of goodwill and long-lived assets, $7.3 million of restructuring charges, $30.3 million of amortization expenses and $25.7 million of retention bonuses from past business acquisitions. This is compared to total operating costs and expenses of $313.9 million for the year ended December 31, 2011, which included $61.0 million of general litigation expenses, a $6.2 million gain related to the Samsung settlement (reduction of expense), $28.0 million of stock-based compensation expenses, $20.2 million of amortization expenses and $21.9 million of retention bonuses and acquisition costs from past business acquisitions and $16.2 million for previous stock-based compensation restatement and related legal expenses. The change in total operating costs and expenses was primarily attributable to the impairment of goodwill and long-lived assets and restructuring charge, higher retention bonuses and amortization expenses from business acquisitions, partially offset by lower general litigation expenses, lower previous stock-based compensation restatement and related legal expenses and lower bonus accrual.

Net loss for the fourth quarter of 2012 was $16.1 million as compared to net loss of $58.1 million in the third quarter of 2012 and net loss of $28.7 million in the fourth quarter of 2011. Diluted net loss per share for the fourth quarter of 2012 was $0.14 as compared to diluted net loss per share of $0.52 in the third quarter of 2012 and diluted net loss per share of $0.26 in the fourth quarter of 2011.

Net loss for the year ended December 31, 2012 was $134.3 million as compared to net loss of $43.1 million for the year ended December 31, 2011. Diluted net loss per share for the year ended December 31, 2012 was $1.21 as compared to diluted net loss per share of $0.39 for the year ended December 31, 2011.

2 of 7

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs