Rambus Reports Third Quarter Earnings

LOS ALTOS, Calif.—(BUSINESS WIRE)—October 31, 2007— Rambus Inc. (Nasdaq: RMBS), one of the world's premier technology licensing companies specializing in high-speed memory architectures, today reported financial results for the third quarter of 2007.

Revenues for the third quarter were $41.7 million, down 12.3% sequentially and down 9.2% over the third quarter of last year.

"We have come through a very challenging time for the Company with the restatement and the consequences of the stock options backdating investigation," said Harold Hughes, president and chief executive officer at Rambus. "We look forward to being able to focus our attention on technology development and licensing activities."

Total costs and expenses for the third quarter of 2007 were $58.2 million, which included $4.2 million of restatement and related legal expenses and $8.7 million of stock-based compensation as compared to total costs and expenses of $57.7 million for the second quarter of 2007, which included $7.5 million of restatement and related legal expenses and $10.3 million of stock-based compensation. The increased level of litigation activity during the current quarter caused non-restatement related litigation expenses to rise approximately $5.0 million over the previous quarter.

Total costs and expenses for the third quarter of 2006 were $71.7 million, which included $23.8 million of restatement and related legal expenses and $10.5 million of stock-based compensation.

Net loss for the third quarter of 2007 was $6.5 million as compared to a net loss of $2.7 million in the previous quarter and a net loss of $22.6 million in the third quarter last year. Diluted loss per share for the third quarter was $0.06 as compared to a loss of $0.03 for the previous quarter and a loss per share of $0.22 for the third quarter of 2006.

Cash, cash equivalents and marketable securities as of the end of the quarter were $445 million, up approximately $3.5 million from the second quarter of 2007 and up $24 million from the third quarter of 2006.

The conference call discussing third quarter results will be available live via the Rambus website (http://investor.rambus.com) at 2:00 p.m. Pacific Time today. The call will be webcast and can be accessed through the Rambus website. A replay will be available following the call on Rambus' Investor Relations website or for one week at the following numbers: (888) 203-1112 (domestic) or (719) 457-0820 (international) with ID# 4789665.

About Rambus Inc.

Rambus is one of the world's premier technology licensing companies specializing in the invention and design of high-speed memory architectures. Additional information is available at www.rambus.com.

RMBSER
                             RAMBUS INC.
                CONDENSED CONSOLIDATED BALANCE SHEETS
                             (Unaudited)

                                           September 30, December 31,
(In thousands, except share amounts)           2007          2006
------------------------------------------ ------------- -------------

                  ASSETS
Current assets:
  Cash and cash equivalents                $    269,258  $     73,304
  Marketable securities                         175,733       351,055
  Accounts receivable                             2,167           846
  Unbilled receivables                            1,014         1,748
  Deferred and prepaid taxes                     11,703        11,388
  Prepaids and other current assets               5,757         4,403
                                           ------------- -------------
     Total current assets                       465,632       442,744

Marketable securities, long-term                      -        11,982
  Restricted cash                                 2,231         2,287
  Deferred taxes, long-term                     110,648        98,193
  Intangible assets, net                         14,764        18,697
  Property and equipment, net                    24,140        26,019
  Goodwill                                        4,454         3,315
  Other assets                                    3,084         1,380
                                           ------------- -------------
     Total assets                          $    624,953  $    604,617
                                           ============= =============

               LIABILITIES
Current liabilities:
  Accounts payable                         $     14,258  $     10,429
  Accrued salaries and benefits                   9,564        12,788
  Accrued litigation expenses                    25,311        23,143
  Other accrued liabilities                       7,604         5,878
  Convertible notes                                                          -              160,000
    Deferred  revenue                                                                5,510                  6,003
    Income  taxes  payable                                                            433                      197
                                                                                      -------------  -------------
          Total  current  liabilities                                      62,680              218,438

Convertible  notes                                                              160,000                          -
Deferred  revenue,  less  current  portion                              19                  1,554
Long-term  income  taxes  payable                                        3,136                          -
Other  long-term  liabilities                                              1,276                  2,337
                                                                                      -------------  -------------
          Total  liabilities                                                    227,111              222,329
                                                                                      -------------  -------------


                      STOCKHOLDERS'  EQUITY
Convertible  preferred  stock,  $.001  par
  value:
    Authorized:  5,000,000  shares
    Issued  and  outstanding:  no  shares  at
      September  30,  2007  and  December  31,
      2006                                                                                              -                          -
Common  stock,  $.001  par  value:
    Authorized:  500,000,000  shares
    Issued  and  outstanding:  103,820,383
      shares  at  September  30,  2007  and
      December  31,  2006                                                                104                      104
Additional  paid-in  capital                                            577,856              550,210
Accumulated  deficit                                                        (180,170)          (167,396)
Accumulated  other  comprehensive  income
  (loss)                                                                                            52                    (630)
                                                                                      -------------  -------------
          Total  stockholders'  equity                                  397,842              382,288
                                                                                      -------------  -------------
          Total  liabilities  and  stockholders'
            equity                                                              $        624,953    $        604,617
                                                                                      =============  =============
 


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