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Msg  782296 of 785304  at  1/11/2019 11:41:32 PM  by

stkhawk

The following message was updated on 1/12/2019 12:33:38 PM.

 In response to msg 782289 by  valuationguy
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Re: While Rambus Marketing Sleeps

 
  
  
  

While we see eye to eye on several things....you seem to discount the $10M revenue decrease that Rambus has to overcome due to the temporarily lower payments from Hynix.....thus this one-year (temporary) impact (which rebounds fully in 2020)….

^^^^^^^

VG

First, my understanding from the 3Q earnings conference call (and other subsequent conference calls) is the Hynix decrease in 2019 would be about $16M ($4M/qtr), not $10M, but lets assume your $10M number is correct.

In light of that, I thought the CFO’s story line (i.e. spin) from the earnings conference call, and then the subsequent Credit Suisse conference call (11/28/18), was that the INCREASE in 2019 data buffer revenue would essentially OFFSET the Hynix $10M (or $16m) decrease?

https://event.webcasts.com/viewer/event.jsp?ei=1219982&tp_key=7315e8bea7

Isn’t that correct?

And didn’t the CFO say in the Credit Suisse conference call that the data buffer revenue in 2019 would increase from about $21-$22M in 2017 (about a 2x miss in 2017) to $35M to $40M in 2018, to $50M to $70M in 2019.

I am no math wiz, but assuming Rambus reaches the maximum of $40M in 2018 (but I expect flat growth in Q4 data buffer revenue equating to about $36M to $37M in 2018), that would be a minimum increase of about  $13M in data buffers in 2019, possibly going as high as $33M.

So wouldn’t that OFFSET the Hynix debacle in 2019?

And as I pointed out previously, Rambus has made these four REVENUE RELATED press releases since the last earnings conference call, including Micron Authena, and including what I posted today in regards to Nvidia going into PRODUCTION using a Rambus GDDR6 memory controller.

https://www.investorvillage.com/smbd.asp?mb=3666&mn=782035&pt=msg&mid=18969676

So WHY is 2019 revenue going to be FLAT?

Are we not being told the full story or is this some kind of Jedi Mind Trick?

 
 
 
 


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