The State of Electronics IP in a Volatile Economy

Earnings per share for the second quarter of 2011 were computed using approximately 37.7 million shares on a GAAP basis.

MoSys, Inc. self description

MoSys, Inc. (NASDAQ: MOSY) is a leading provider of serial chip-to-chip communications solutions that deliver unparalleled bandwidth performance for next generation networking systems. MoSys' Bandwidth Engine® family of ICs combines the company's patented 1T-SRAM® high-density memory with its high-speed interface technology. MoSys' IP portfolio includes silicon proven SerDes and DDR3 PHYs that support a wide range of data rates across a variety of standards and 1T-SRAM memory cores that provide a combination of high-density, low-power consumption, high-speed and low cost advantages for high-performance networking, computing, storage and consumer/graphics applications. MoSys is headquartered in Santa Clara, California. More information is available on MoSys' website at http://www.mosys.com. MoSys, 1T-SRAM and Bandwidth Engine are registered trademarks of MoSys, Inc. in the US and/or other countries. The MoSys logo is a trademark of MoSys, Inc. All other marks mentioned herein are the property of their respective owners.






On July 21, 2011 Rambus Inc. (NASDAQ:RMBS), billing itself as “one of the world's premier technology licensing companies,” reported its financial results for the second quarter ended June 30, 2011.

Second Quarter 2011 Business and Financial Highlights

  • Acquired Cryptography Research Incorporated
  • Signed five-year patent license agreement with Freescale Semiconductor
  • Unveiled Pentelic™ lighting solutions, demonstrating unprecedented performance for LED-based lighting products
  • Announced breakthrough clocking technology for high-speed interfaces
  • Revenue of $66.2 million; (non-GAAP customer licensing income of $73.0 million)
  • GAAP diluted loss per share of $0.10

GAAP Financial Results:

Revenue for the second quarter of 2011 was $66.214 million, up 5.90% sequentially from the $62.527 million in the first quarter of 2011 primarily due to the recognition ($25.0 million) of Samsung's quarterly licensing payment to revenue in the second quarter of 2011.

Revenue guidance for Q2 2011 was a range between $62 million and $66 million.

As compared to the $35.862 million revenue in the second quarter of 2010, revenue in Q2 2011 was up 70.38% primarily due to the Samsung payment in the second quarter of 2011 as well as revenue recognized from agreements signed with Elpida and Nvidia in the second half of 2010.

Total operating costs and expenses for the second quarter of 2011 were $68.7 million, which included general litigation expenses of $11.5 million and Cryptography Research Inc. ("CRI") related deal costs, retention bonus and amortization expenses of $8.4 million. This is compared to total operating costs and expenses for the first quarter of 2011 of $54.2 million, which included general litigation expenses of $9.2 million and the gain from settlement of $6.2 million. Total operating costs and expenses in the second quarter of 2010 were $45.5 million, which included general litigation expenses of $5.2 million and the gain from settlement of $10.3 million.

Net loss for the second quarter of 2011 was $10.585 million as compared to a net loss of $4.230 million in the first quarter of 2011 and a net loss of $12.490 million in the second quarter of 2010.

Diluted net loss per share for the second quarter of 2011 was $0.10 as compared to a net loss per share of $0.04 in the first quarter of 2011 and a net loss per share of $0.11 in the second quarter of 2010.

Other Financial Highlights:

Cash, cash equivalents, and marketable securities as of June 30, 2011 were $359.4 million, a decrease of approximately $149.2 million from March 31, 2011. The decrease was primarily due to $168.8 million of cash used in the acquisition of Cryptography Research, Inc. offset by cash provided from operations.

On July 20, 2011, the Company received notice from Samsung exercising their right to put back approximately 4.8 million shares of the Company's common stock for an aggregate amount of $100.0 million, in accordance with the terms of the Stock Purchase Agreement with Samsung dated January 19, 2010.

Rambus is providing revenue guidance for Q3 2011 in a range between $91 million and $96 million.

Rambus Inc. self description

Rambus is one of the world's premier technology licensing companies. As a company of inventors, Rambus focuses on the development of technologies that enrich the end-user experience of electronic systems. Additional information is available at www.rambus.com.



Electronics IP G5 Stock Prices & Market Caps

In this section, the table comparing early January and late March Stock Prices and Market Caps, first presented in the EDA WEEKLY of April 04, 2011, and updated in the June 27, 2011 EDA WEEKLY, is in this August 15 Electronics IP Commentary extended and posted below, beginning from June 03, 2011 to July 29, 2011, with July 29 being a day right in the middle of the US debt ceiling fight.

The what? The debt ceiling fight? Why mention that again in this article? Here’s why:

As the preparation of this issue of this was begun (July 31, 2011), the prospect of an unprecedented failure to raise the debt limit of the United States of America was poised like a Sword of Damocles over the economic viability of the entire country, its people, and millions of others around the world.

That the situation had deteriorated to this point was a triumph of misguided zeal, ignorance, and greed that has infected one of the two principal US political parties in the last decade. Yet whenever in recent years this writer deigned to even hint at a warning of how that political party’s influence was damaging the economic environment in which not only the Electronics Industry but all citizens must operate, a few readers objected. It would now appear that more participation of the press was warranted, not less, given the mess that was created in the following years.

Most recently, by the afternoon of August 2, 2011, after a “deal” on the debt ceiling had been reluctantly reached, we saw statements in print like this, “ The Dow Jones Industrial Average (DJI:DJIA) fell 265.87 points today (August 2, 2011), or a loss of 2.2%, to 11,866.62, its worst one-day loss since June 1, 2011. The recent eight-day losing stretch was the longest since October 2008, just weeks after the collapse of Lehman Bros. and by some measures, the peak of the US credit crisis.”

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