How to Use NFC? Bill & Ted’s NFC Adventure
Rambus Receives Provisional ENERGY STAR Certification for Revolutionary LED Bulb
SUNNYVALE, CALIFORNIA, UNITED STATES – 08/12/2013 – Rambus Inc. (NASDAQ:RMBS), the innovative technology solutions company that brings invention to market, today announced that the company’s revolutionary 60 watt equivalent A19 LED bulb has gained provisional ENERGY STAR™ certification, validating the efficiency, lumen output, color temperature and light output distribution capabilities of the bulb. In order to meet the provisional ENERGY STAR certification, the bulb exceeded the 800 lumens requirement by delivering 850 lumens, maintained appropriate lumen output and color temperature, and provided an incandescent-like luminous intensity distribution during testing.
“Our bulb delivers efficiency and performance through an innovative design using thermals and our MicroLens® optics to create the most efficient Energy Star compliant light distribution on the market today,” said Jeffery Parker, president of the Rambus Lighting and Display Technology division. “Achieving this provisional rating is a key step towards our larger effort of providing effective and affordable LED lighting solutions to consumers and businesses alike.”
The Rambus A19 bulb uses MicroLens optical technology, which enables the use of a efficient waveguide technology that produces a omni-directional, consistent distribution of light required by ENERGY STAR. This open structure allows for the innovative use of convection to keep the bulb cool, increasing energy efficiency and significantly improving the lifetime of the bulb, lasting up to 25 times longer than a traditional incandescent bulb. The cost-effective Rambus solution requires fewer LEDs to deliver light output and offers broad compatibility with dimmers, resulting in no humming or buzzing, unlike alternative offerings in the marketplace.
Rambus recently added to its comprehensive LED lighting portfolio with the recent announcement of the new PAR30 and BR30 LED bulbs, both of which exceed the lumen output specified by ENERGY STAR. Additionally, the two newest products join the A19 bulb in being compliant with Underwriter’s Laboratories’ safety standards requirements.
The full portfolio of Rambus LED bulbs are currently available for orders with shipments expected to begin in the third quarter of this year.
For additional information on Rambus’s wide-range of lighting innovations, please visit www.rambus.com/us/technology/applications/lighting/index.html.
About Rambus Inc.
Rambus is the innovative technology solutions company that brings invention to market. Unleashing the intellectual power of our world-class engineers and scientists in a collaborative and synergistic way, Rambus invents, licenses and develops solutions that challenge and enable our customers to create the future. While best known for creating unsurpassed semiconductor memory architectures, Rambus is also developing world-changing products and services in security, advanced LED lighting and displays, and immersive mobile media.
Rambus Announces Proposed $100 Million Convertible Senior Notes Offering
SUNNYVALE, CALIFORNIA, UNITED STATES – 08/12/2013 — Rambus Inc. (NASDAQ: RMBS) today announced its intention to offer, subject to market conditions and other factors, $100 million aggregate principal amount of its convertible senior notes due 2018 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). Rambus also expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $15 million aggregate principal amount of the notes to cover over-allotments, if any.
The notes will be unsecured, unsubordinated obligations of Rambus, and interest will be payable semi-annually. Prior to May 15, 2018, the notes will be convertible at the option of the holders only during certain periods upon the occurrence of specified events, and thereafter until the close of business on the second scheduled trading day immediately preceding the maturity date, the notes will be convertible at the option of the holders at any time. The notes will be convertible, subject to certain conditions, into cash up to the aggregate principal amount of the notes to be converted, and any excess conversion value will be convertible into cash, shares of common stock or a combination of cash and shares of common stock, at Rambus’ election. Final terms of the notes, including the interest rate, initial conversion rate and other terms, will be determined by negotiations between Rambus and the initial purchasers of the notes.
Rambus intends to use the net proceeds of the offering for working capital and other general corporate purposes, which may include financing potential acquisitions and strategic transactions and repayment of indebtedness, including Rambus’ 5% convertible senior notes due 2014.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful. Any offer of the securities will be made only by means of a private offering memorandum. The notes and the shares of common stock issuable upon conversion of the notes, if any, will not be registered under the Act or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Act and applicable state laws.
Smartphone cameras: What’s coming next (Smartphones Unlocked)
It wasn’t all that long ago that a 3.2-megapixel camera on the back of your smartphone was reason to show off. Now, phone-makers like Nokia and Samsung are forging a new frontier of mobile photography aimed at incorporating the technology of a point-and-shoot into the smartphone bundle.
Northwest Logic and Mixel Complete MIPI Solutions Continue to Win Over Customers
Nufront and YYG, Both Pacific Rim Companies, Go to Production with Multiple Mixel MIPI Solutions
Mixel Continues to Gain Market Share with Global Customers Deploying its MIPI Solutions
San Jose, CA – July 23rd, 2013 – Mixel®, the leader in mobile mixed-signal intellectual property (IP), announced today that both Nufront, a leader in Chinese mobile communication and computing, and Shenzhen Yunyinggu Technology Co. Ltd. (YYG), an innovative Chinese high-tech company with focus on next-generation display technology, have both licensed multiple Mixel MIPI® IP, successfully incorporated the IP into their products, and are at various stages of high volume production.
Mixel provided Nufront with MIPI DigRF Transceivers in both 65nm and 40nm process nodes. Nufront achieved first time success with both silicon and has gone into production at both nodes.
“We selected Mixel because of their proven-track record in the MIPI market-place and their silicon-proven technology,” said Min Luo, Nufront’s Director of IC Development. “Achieving first-silicon success at multiple nodes enabled us to rapidly move to production, and have our product designed-in by multiple Nufront customers. The close partnership we have developed with Mixel has proven to be an asset to Nufront as we port our products to multiple foundries.”
YYG first Licensed Mixel’s MIPI D-PHY in 130nm and is now transferring its innovative MIPI DSI solution to production. YYG is now moving forward with its second-generation product at 65nm. Both products employ five MIPI IP from Mixel, namely D-PHY TX, D-PHY RX, MIPI PLL, DSI TX controller, and DSI RX controller. While YYG is licensing all 5 IP from Mixel as a complete MIPI solution, the two controller IPs were developed by Northwest Logic, an active participant in Mixel’s MIPI Central Ecosystem Partnership Program, which brings together best-of-class MIPI ecosystem stakeholders.
“Mixel has provided us with an outstanding support on our first generation product, and they were able to rapidly deliver their MIPI solution to meet our tight time-to-market requirements,” said Yan Lin, YYG’s VP of Engineering. “Because of this exceptional support on our first product, we decided to work with Mixel again on our second generation product, this time at a more advanced node, and a different foundry. We are delighted that Mixel and NWL have been able to customize their IP with added features that will help us differentiate our display solution and win a larger share of our target market.”
“We are glad to see Mixel expanding its share in the Pacific Rim, a very dynamic region for MIPI adoption, and that many of our existing customers are demonstrating their loyalty to the Mixel brand by choosing Mixel time and again,” said Ashraf Takla, Mixel President and CEO. “We are also delighted that our methodology of continuous improvement of our existing IP, such as size and power reduction and feature differentiation, much of it in collaboration with our customers and partners, are bringing back value to the whole MIPI ecosystem.”
For more information contact:
Han Mai Vinitha Seevaratnam
Mixel, Inc. Northwest Logic
(408) 436-8500 x115 (503) 533-5800 x308
[email protected] [email protected]
www.mixel.com www.nwlogic.com
Min Luo Yan Lin
Nufront Shenzhen Yunyinggu Technology Co. Ltd.
[email protected] [email protected]
+86-10-5738-9234
About Mixel®:
Mixel is the leader in mixed-signal mobile IPs and offers a wide portfolio of high-performance mixed-signal connectivity IP solutions. Mixel’s mixed-signal portfolio includes PHYs and SerDes, such as Mobile PHYs (MIPI® D-PHY, M-PHYSM, and LVDS), general purpose Transceivers, and high-performance PLL and DLL IP cores. For more information contact Mixel at [email protected] or visit www.mixel.com.
About Northwest Logic
Northwest Logic, founded in 1995 and located in Beaverton, Oregon, provides high-performance, silicon-proven, easy-to-use IP cores including high-performance Memory Interface Solution (DDR4/3/2, LPDDR3/2/1, RLDRAM 3/II), Expresso Solution (PCI Express 3.0/2.1/1.1 cores and drivers including DMA support), and MIPI Solution (CSI-2, DSI). These solutions support a full range of platforms including ASICs, Structured ASICs and FPGAs. For additional information, visit www.nwlogic.com or contact [email protected].
About Nufront:
Nufront is a Chinese high-tech company focus on mobile communication and computing. It provides total solutions for mobile phone and tablet including application processor based on ARM Cortex A9 dual core, and GSM/WCDMA dual mode baseband processor. For more information, please contact [email protected] or visit www.nufront.com.
About YYG:
YYG is a Chinese high-tech company focus on innovative display technology. It provides color rendering solution to enhance display resolution and color representation while keeping low power consumption and low cost. YYG’s technology can be used for various display including LCD and OLED, ranging from small size for mobile phone to large size for TV. For more information, please contact yan.lin@yunyinggu.com
About The MIPI AllianceMIPI (MIPI®) Alliance is a global, collaborative organization comprised of companies spanning the mobile ecosystem that are committed to defining and promoting interface specifications for mobile devices. MIPI Specifications establish standards for hardware and software interfaces which drive new technology and enable faster deployment of new features and services across the mobile ecosystem. For more information, go to www.mipi.org. |
MIPI® is a registered trademark of MIPI Alliance, Inc.
Mixel® and the Mixel logo are registered trademarks of Mixel, Inc.
Rambus Reports Second Quarter Financial Results
SUNNYVALE, CALIFORNIA, UNITED STATES – 07/18/2013 – Rambus Inc. (NASDAQ:RMBS), the innovative technology solutions company that brings invention to market, today reported financial results for the second quarter ended June 30, 2013.
GAAP Financial Results:
Revenue for the second quarter of 2013 was $57.9 million, down 13% on a sequential basis from the first quarter of 2013 primarily due to recognition of one-time royalty revenue during the first quarter of 2013 from LSI Corporation. This was, however, partially offset by royalty revenue received from STMicroelectronics, subsequent to the settlement, in the second quarter of 2013. As compared to the second quarter of 2012, revenue was up 3% primarily due to the royalty revenue received in the second quarter of 2013 from STMicroelectronics.
Revenue for the six months ended June 30, 2013 was $124.8 million, which was up 5% over the prior year period, primarily due to recognition of one-time royalty revenue during the first quarter of 2013 from LSI Corporation.
Total operating costs and expenses for the second quarter of 2013 were $52.2 million, 20% lower than the previous quarter, mostly due to the one-time reversal of accrued SK Hynix related litigation costs and the absence of restructuring charges. Second quarter operating costs and expenses of $52.2 million included negative $6.2 million of general litigation expenses (primarily due to the reversal of the accrued litigation costs referred to above), $3.6 million of stock-based compensation expenses, $7.0 million of amortization expenses and $3.4 million of retention bonuses from past business acquisitions. This is compared to total operating costs and expenses for the first quarter of 2013 of $65.4 million, which included $2.0 million of general litigation expenses, $4.9 million of stock-based compensation expenses, $2.2 million of restructuring charges, $7.0 million of amortization expenses and $4.0 million of retention bonuses from past business acquisitions. As compared to a year ago, total operating costs and expenses for the second quarter of 2012 were $78.0 million, which included $4.5 million of general litigation expenses, $6.2 million of stock-based compensation expenses, $7.9 million of amortization expenses and $7.7 million of acquisition-related transaction costs and retention bonuses from past business acquisitions.
Total operating costs and expenses for the six months ended June 30, 2013 were $117.6 million, which included $8.5 million of stock-based compensation expenses, $14.0 million of amortization expenses and $7.4 million of retention bonuses from past business acquisitions. This is compared to total operating costs and expenses for the six months ended June 30, 2012 of $158.4 million, which included $12.9 million of stock-based compensation expenses, $15.6 million of amortization expenses and $17.1 million of acquisition-related transaction costs and retention bonuses from past business acquisitions. General litigation expenses for the six months ended June 30, 2013 were negative $4.2 million, a decrease of $12.8 million from the same period in 2012. The change in total operating costs and expenses was primarily attributable to lower general litigation expenses, lower acquisition-related transaction costs and retention bonuses from past business acquisitions, lower headcount-related costs due to the restructuring efforts in the second half of 2012 and lower consulting costs, partially offset by restructuring charges in the first half of 2013.
Net loss for the second quarter of 2013 was $6.4 million as compared to net loss of $10.4 million in the first quarter of 2013 and net loss of $32.2 million in the second quarter of 2012. Diluted net loss per share for the second quarter of 2013 was $0.06 as compared to diluted net loss per share of $0.09 in the first quarter of 2013 and diluted net loss per share of $0.29 in the second quarter of 2012.
Net loss for the six months ended June 30, 2013 was $16.8 million as compared to a net loss of $60.1 million for the same period of 2012. Diluted net loss per share for the six months ended June 30, 2013 was $0.15 as compared to a diluted net loss per share of $0.54 for the same period of 2012.
Non-GAAP Financial Results (1):
Customer licensing income in the second quarter of 2013 was $61.3 million, down 15% sequentially from the first quarter of 2013 primarily due to recognition of one-time royalty revenue during the first quarter of 2013 from LSI Corporation, and up 7% from the second quarter of 2012, primarily due to royalty revenue from STMicroelectronics in the second quarter of 2013.
Customer licensing income for the six months ended June 30, 2013 was $133.4 million as compared to $122.7 million in the same period of 2012, primarily due to recognition of one-time royalty revenue from LSI Corporation.
Total non-GAAP operating costs and expenses in the second quarter of 2013 were $47.7 million, 1% lower than the previous quarter. Non-GAAP general litigation expenses for the current quarter, which are included in the non-GAAP operating costs and expenses above, were $2.3 million. The prior quarter’s non-GAAP operating costs and expenses of $48.0 million included general litigation expenses of $2.0 million. Total non-GAAP operating costs and expenses in the second quarter of 2012 were $56.0 million, which included general litigation expenses of $4.5 million.
Total non-GAAP operating costs and expenses for the six months ended June 30, 2013 were $95.6 million as compared to $112.7 million in the same period of 2012 due primarily to lower general litigation expenses, lower headcount-related costs due to the restructuring in the second half of 2012 and lower consulting costs.
Non-GAAP net income in the second quarter of 2013 was $6.6 million as compared to non-GAAP net income of $13.4 million in the first quarter of 2013 and non-GAAP net loss of $1.1 million in the second quarter of 2012. Non-GAAP diluted net income per share was $0.06 in the second quarter of 2013 as compared to $0.11 in the first quarter of 2013 and diluted net loss per share of $0.01 in the second quarter of 2012. Non-GAAP net income for the six months ended June 30, 2013 was $20.0 million as compared to $2.5 million in the same period of 2012. Non-GAAP diluted net income per share was $0.17 for the six months ended June 30, 2013 as compared to non-GAAP diluted net income per share of $0.02 for the six months ended June 30, 2012.
Other Financial Highlights:
Cash, cash equivalents, and marketable securities as of June 30, 2013 were $205.6 million, a decrease of approximately $9.2 million as compared to March 31, 2013. During the second quarter of 2013, the Company used $16.7 million to pay retention bonuses related to the acquisition of Cryptography Research, Inc. and $4.3 million to pay the interest expense related to the Company’s convertible notes.
During the second quarter of 2013, the Company recorded an income tax provision of $4.7 million. As the Company continues to maintain a full valuation allowance against its U.S. deferred tax assets, the Company’s tax provision consists of primarily foreign withholding taxes.
Conference Call:
The Company will host a conference call at 2:00 p.m. PT today to discuss its financial results. The call, audio and slides will be available online at investor.rambus.com. A replay will be available following the call on the Rambus Investor Relations website for one week at the following numbers: (855) 859-2056 (domestic) or (404) 537-3406 (international) with ID# 18188767.
(1) Non-GAAP Financial Information:
In the commentary set forth above and in the financial statements included in this earnings release, the Company presents the following non-GAAP financial measures: customer licensing income, operating costs and expenses, operating income (loss) and net income (loss). In computing each of these non-GAAP financial measures, the following items were considered: other patent royalties received but not recognized as revenue, proceeds from sale of intellectual property, stock-based compensation expenses, acquisition-related transaction costs and retention bonus expense, amortization expenses, costs of restatement and related legal activities, restructuring charges, severance costs, non-cash interest expense and certain other one-time adjustments. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated. Management believes the non-GAAP financial measures are appropriate for both its own assessment of, and to show investors, how the Company’s performance compares to other periods. The non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. Reconciliation from GAAP to non-GAAP results is included in the financial statements contained in this release.
The Company’s non-GAAP financial measures reflect adjustments based on the following items:
Customer licensing income. Customer licensing income includes the Company’s measure of the total cash royalties received from its customers under its licensing agreements with them. In addition, customer licensing income includes other patent royalties received but not recognized as revenue and proceeds from sale of intellectual property. In both the first and second quarters of 2013, certain patent royalties received from a customer was not recognized as revenue as not all revenue recognition criteria were met during the period. Additionally, since the third quarter of 2011, the Company has received patent royalty payments from certain patent license agreements assumed in the acquisition of CRI which were treated as favorable contracts. Cash received from these acquired favorable contracts reduced the favorable contract intangible asset on the Company’s balance sheet. The Company has combined these cash royalty payments as customer licensing income to reflect the total amounts received from its customers.
Stock-based compensation expense. These expenses primarily relate to employee stock options, employee stock purchase plans, and employee non-vested equity stock and non-vested stock units. The Company excludes stock-based compensation expense from its non-GAAP measures primarily because they are non-cash expenses that the Company does not believe are reflective of ongoing operating results. Additionally, given the fact that other companies may grant different amounts and types of equity awards and may use different option valuation assumptions, excluding stock-based compensation expense permits more accurate comparisons of the Company’s results with peer companies.
Acquisition-related transaction costs and retention bonus expense. These expenses include all direct costs of certain acquisitions and the current periods’ portion of any retention bonus expense associated with the acquisitions. The Company excludes these expenses in order to provide better comparability between periods.
Restructuring charges. These charges may consist of severance, contractual retention payments, exit costs and other charges and are excluded because such charges are not directly related to ongoing business results and do not reflect expected future operating expenses.
Amortization expense. The Company incurs expenses for the amortization of intangible assets acquired in acquisitions. The Company excludes these items because these expenses are not reflective of ongoing operating results in the period incurred. These amounts arise from the Company’s prior acquisitions and have no direct correlation to the core operation of the Company’s business.
Costs of restatement and related legal activities. These expenses consist primarily of investigation, audit, legal and other professional fees related to the 2006-2007 stock option investigation and related litigation, as well as recoveries received from third parties. The Company excludes these costs and recoveries from its non-GAAP measures primarily because the Company believes that these non-recurring costs and recoveries have no direct correlation to the core operation of the Company’s business.
Non-cash interest expense. The Company incurs non-cash interest expense related to its convertible notes. The Company excludes non-cash interest expense related to its convertible notes to provide more accurate comparisons of the Company’s results with other peer companies and to more accurately reflect the Company’s ongoing operations.
Reversal of one-time litigation costs. This adjustment is a one-time litigation cost reversal of prior litigation costs accrued related to previously awarded costs in connection with the SK Hynix litigation. The Company excludes this reversal from its non-GAAP measures because the Company believes that this reversal has no direct correlation to the core operations of the Company’s business and it is a one-time event.
Severance costs. These expenses relate to the separation payment to the Company’s former chief executive officer. The Company excludes these costs from its non-GAAP measures because the Company believes that these non-recurring costs have no direct correlation to the core operations of the Company’s business.
Income tax adjustments. For purposes of internal forecasting, planning and analyzing future periods that assumes net income from operations, the Company estimates a fixed, long-term projected tax rate of approximately 36 percent. Accordingly, the Company has applied the 36 percent tax rate to its non-GAAP financial results to assist the Company’s planning for future periods.
On occasion in the future, there may be other items, such as impairment of goodwill and long-lived assets, or significant gains or losses from contingencies, that the Company may exclude in deriving its non-GAAP financial measures if it believes that doing so is consistent with the goal of providing useful information to investors and management.
About Rambus Inc.
Rambus is the innovative technology solutions company that brings invention to market. Unleashing the intellectual power of our world-class engineers and scientists in a collaborative and synergistic way, Rambus invents, licenses and develops solutions that challenge and enable our customers to create the future. While best known for creating unsurpassed semiconductor memory architectures, Rambus is also developing world-changing products and services in security, advanced LED lighting and displays, and immersive mobile media. For additional information visit rambus.com.
| Condensed Consolidated Balance Sheets (In thousands) (Unaudited) |
||
| June 30, 2013 | December 31, 2012 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 155,276 | $ 148,984 |
| Marketable securities | 50,364 | 54,346 |
| Accounts receivable | 1,003 | 529 |
| Prepaids and other current assets | 8,694 | 10,529 |
| Deferred taxes | 788 | 788 |
| Total current assets | 216,125 | 215,176 |
| Intangible assets, net | 139,395 | 153,173 |
| Goodwill | 124,969 | 124,969 |
| Property, plant and equipment, net | 75,831 | 86,905 |
| Deferred taxes, long-term | 4,806 | 4,458 |
| Other assets | 3,118 | 3,131 |
| Total assets | $ 564,244 | $ 587,812 |
| Liabilities & Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $ 5,300 | $ 7,918 |
| Accrued salaries and benefits | 29,582 | 23,992 |
| Accrued litigation expenses | 1,673 | 9,822 |
| Convertible notes, short-term | 155,473 | – |
| Other accrued liabilities | 5,957 | 12,402 |
| Total current liabilities | 197,985 | 54,134 |
| Long-term liabilities: | ||
| Convertible notes, long-term | – | 147,556 |
| Long-term imputed financing obligation | 39,724 | 45,919 |
| Other long-term liabilities | 10,600 | 18,609 |
| Total long-term liabilities | 50,324 | 212,084 |
| Total stockholders’ equity | 315,935 | 321,594 |
| Total liabilities and stockholders’ equity | $ 564,244 | $ 587,812 |
| Condensed Consolidated Statements of Operations (In thousands, except per share amounts) (Unaudited) |
||||
| Three Months Ended June 30, |
Six Months Ended June 30, |
|||
| 2013 | 2012 | 2013 | 2012 | |
| Revenue: | ||||
| Royalties | $ 57,009 | $ 55,723 | $ 123,231 | $ 117,766 |
| Contract revenue | 910 | 492 | 1,554 | 1,312 |
| Total revenue | 57,919 | 56,215 | 124,785 | 119,078 |
| Operating costs and expenses: | ||||
| Cost of revenue (1) | 7,365 | 7,340 | 13,899 | 14,503 |
| Research and development (1) | 30,777 | 38,347 | 63,625 | 76,741 |
| Marketing, general and administrative (1) | 14,134 | 32,194 | 39,239 | 67,028 |
| Gain from sale of intellectual property | (103) | – | (1,388) | – |
| Costs of restatement and related legal activities | 2 | 83 | 19 | 113 |
| Restructuring charges | – | – | 2,206 | – |
| Total operating costs and expenses | 52,175 | 77,964 | 117,600 | 158,385 |
| Operating income (loss) | 5,744 | (21,749) | 7,185 | (39,307) |
| Interest income and other income (expense), net | (19) | 89 | (39) | 187 |
| Interest expense | (7,426) | (6,719) | (14,738) | (13,299) |
| Interest and other income (expense), net | (7,445) | (6,630) | (14,777) | (13,112) |
| Loss before income taxes | (1,701) | (28,379) | (7,592) | (52,419) |
| Provision for income taxes | 4,743 | 3,837 | 9,254 | 7,687 |
| Net loss | $ (6,444) | $ (32,216) | $ (16,846) | $ (60,106) |
| Net loss per share: | ||||
| Basic | $ (0.06) | $ (0.29) | $ (0.15) | $ (0.54) |
| Diluted | $ (0.06) | $ (0.29) | $ (0.15) | $ (0.54) |
| Weighted average shares used in per share calculation | ||||
| Basic | 112,183 | 110,553 | 111,892 | 110,456 |
| Diluted | 112,183 | 110,553 | 111,892 | 110,456 |
| (1) Total stock-based compensation expense for the three and six month periods ended June 30, 2013 and June 30, 2012 are presented as follows: | ||||
| Three Months Ended June 30, |
Six Months Ended June 30, |
|||
| 2013 | 2012 | 2013 | 2012 | |
| Cost of revenue | $ 5 | $ 5 | $ 5 | $ 15 |
| Research and development | $ 1,660 | $ 2,631 | $ 3,536 | $ 5,351 |
| Marketing, general and administrative | $ 1,909 | $ 3,579 | $ 4,981 | $ 7,575 |
| Supplemental Reconciliation of GAAP to Non-GAAP Results (In thousands) (Unaudited) |
||||||
| Three Months Ended | Six Months Ended | |||||
| June 30, 2013 | March 31, 2013 | June 30, 2012 | June 30, 2013 | June 30, 2012 | ||
| Revenue | $ 57,919 | $ 66,866 | $ 56,215 | $ 124,785 | $ 119,078 | |
| Adjustments: | ||||||
| Other patent royalties received | 3,392 | 5,237 | 1,201 | 8,629 | 3,615 | |
| Total customer licensing income | $ 61,311 | $ 72,103 | $ 57,416 | $ 133,414 | $ 122,693 | |
| Operating costs and expenses | $ 52,175 | $ 65,425 | $ 77,964 | $ 117,600 | $ 158,385 | |
| Adjustments: | ||||||
| Other patent royalties received | 965 | 1,285 | – | 2,250 | – | |
| Stock-based compensation | (3,574) | (4,948) | (6,215) | (8,522) | (12,941) | |
| Acquisition-related transaction costs and retention bonuses | (3,385) | (4,012) | (7,699) | (7,397) | (17,050) | |
| Amortization | (6,997) | (7,040) | (7,943) | (14,037) | (15,559) | |
| Reversal of one-time litigation costs | 8,482 | – | – | 8,482 | – | |
| Restructuring charges | – | (2,206) | – | (2,206) | – | |
| Severance costs | – | (514) | – | (514) | – | |
| Costs of restatement and related legal activities | (2) | (17) | (83) | (19) | (113) | |
| Non-GAAP operating costs and expenses | $ 47,664 | $ 47,973 | $ 56,024 | $ 95,637 | $ 112,722 | |
| Operating income (loss) | $ 5,744 | $ 1,441 | $ (21,749) | $ 7,185 | $ (39,307) | |
| Adjustments: | ||||||
| Other patent royalties received | 2,427 | 3,952 | 1,201 | 6,379 | 3,615 | |
| Stock-based compensation | 3,574 | 4,948 | 6,215 | 8,522 | 12,941 | |
| Acquisition-related transaction costs and retention bonuses | 3,385 | 4,012 | 7,699 | 7,397 | 17,050 | |
| Amortization | 6,997 | 7,040 | 7,943 | 14,037 | 15,559 | |
| Reversal of one-time litigation costs | (8,482) | – | – | (8,482) | – | |
| Restructuring charges | – | 2,206 | – | 2,206 | – | |
| Severance costs | – | 514 | – | 514 | – | |
| Costs of restatement and related legal activities | 2 | 17 | 83 | 19 | 113 | |
| Non-GAAP operating income | $ 13,647 | $ 24,130 | $ 1,392 | $ 37,777 | $ 9,971 | |
| Loss before income taxes | $ (1,701) | $ (5,891) | $ (28,379) | $ (7,592) | $ (52,419) | |
| Adjustments: | ||||||
| Other patent royalties received | 2,427 | 3,952 | 1,201 | 6,379 | 3,615 | |
| Stock-based compensation | 3,574 | 4,948 | 6,215 | 8,522 | 12,941 | |
| Acquisition-related transaction costs and retention bonuses | 3,385 | 4,012 | 7,699 | 7,397 | 17,050 | |
| Amortization | 6,997 | 7,040 | 7,943 | 14,037 | 15,559 | |
| Reversal of one-time litigation costs | (8,482) | – | – | (8,482) | – | |
| Restructuring charges | – | 2,206 | – | 2,206 | – | |
| Severance costs | – | 514 | – | 514 | – | |
| Costs of restatement and related legal activities | 2 | 17 | 83 | 19 | 113 | |
| Non-cash interest expense on convertible notes | 4,145 | 4,089 | 3,557 | 8,234 | 7,067 | |
| Non-GAAP income (loss) before income taxes | $ 10,347 | $ 20,887 | $ (1,681) | $ 31,234 | $ 3,926 | |
| Non-GAAP provision for (benefit from) income taxes | 3,725 | 7,519 | (606) | 11,244 | 1,413 | |
| Non-GAAP net income (loss) | $ 6,622 | $ 13,368 | $ (1,075) | $ 19,990 | $ 2,513 | |
| Non-GAAP basic net income (loss) per share | $ 0.06 | $ 0.12 | $ (0.01) | $ 0.18 | $ 0.02 | |
| Non-GAAP diluted net income (loss) per share | $ 0.06 | $ 0.11 | $ (0.01) | $ 0.17 | $ 0.02 | |
| Weighted average shares used in non-GAAP per share calculation: | ||||||
| Basic | 112,183 | 111,599 | 110,553 | 111,892 | 110,456 | |
| Diluted | 116,162 | 118,021 | 110,553 | 116,009 | 116,909 | |
