UPDATE: Rambus Announces Comprehensive Agreement With STMicroelectronics, Raises Guidance, Shares Pop
June 17, 2013 at 20:37 PM EDT
Rambus (NASDAQ: RMBS ) reported a new comprehensive licensing agreement Monday with STMicroelectronics (NYSE: STM ). Rambus raised its guidance following the new arrangement. Rambus now sees second quarter revenue between $56.0 million and $58.0 million compared to the prior estimate between $53.0 and $58.0 million. The consensus Wall
