Boston, MA 06/11/2014 (wallstreetpr) – Technology solution company Rambus Inc. (NASDAQ:RMBS) shares are surging in the market by highs of 8% after the company announced the signing of a patent License agreement with Qualcomm (NASDAQ:QCOM)’s subsidiary, Qualcomm Global Trading Pte. The signed agreement will essentially provide Qualcomm and its subsidiary access to Rambus’ patented memory, interface as well as security technologies. Other terms of the agreement have essentially been kept under wraps by the two companies.
The agreement according to Rambus highlights the company’s commitment to providing full access to valuable memory and security technologies for other players in the industry. The agreement with Qualcomm will also give Rambus the opportunity to collaborate with the broader industry sure to enhance compelling solutions in the industry
The Licensing agreement also provides QUALCOMM with access to Rambus patented security technologies developed by the Cryptography Research division. The security technologies include those to be used in protecting integrated circuit systems on chips against other side channel attacks and differential power analysis.
Rambus Unveils CryptoManager
Rambus has consistently developed innovative solutions across various memory architectures and security able to meet various emerging requirements in mobile and cloud. Rambus has also announced a CryptoManager platform, developed by its Cryptography Research division.
The platform is made of both Security Engine and Infrastructure suite that can be used to improve security features during the Manufacturing Process. CryptoManager also consists of hardware appliances that can be used to secure factory operations, as well as management systems. The platform was specifically developed for integration with any manufacturing facility.
Rambus Updates Its Guidance
The surge in the market is also, as a result, of Rambus updating its revenue guidance for the second quarter. Rambus expects its second quarter revenue to be between $75 million and $77 million. This is an improvement from the earlier estimates of $69 million and $74 million. Rambus Inc. (NASDAQ:RMBS) has not provided any update change for its pro forma operating expense and costs. For the full year, Rambus reiterates its initially given guidance of between $295 million and $305 million.
