Rambus Lowers Revenue Forecast

LOS ALTOS, Calif. -- Memory chip company Rambus(RMBS Quote) lowered its guidance for the second quarter ending June 30 and announced a public debt offering.

The company said it now expects revenue for the quarter to be between $26.7 million and $27.2 million, lower than the $27 million to $30 million it previously forecasted.

Adjusted operating expenses for the quarter, excluding stock-based compensation expenses and any stock-based compensation restatement expenses or benefits, are expected to be between $42 million and $45 million, which includes litigation expenses between $15 million and $17 million. ...