A First-Order DPA Attack Against AES in Counter Mode with Unknown Initial Counter
First-Order DPA Attacks Against AES in Counter Mode- CHES 2007
Presented by Josh Jaffe on AES Counter Mode Attacks at CHES 2007.
Download “First-Order DPA Attacks Against AES in Counter Mode- CHES 2007”
Nasdaq Board Grants Rambus Extension for Continued Listing
Company Receives Additional Nasdaq Notice of Non-Compliance
LOS ALTOS, CALIFORNIA, UNITED STATES – 08/22/2007 – Rambus Inc. (NASDAQ:RMBS), one of the world’s premier technology licensing companies specializing in high-speed memory architectures, today announced that on August 17, 2007, the Board of Directors of The NASDAQ Stock Market LLC (“Nasdaq Board”) informed the Company that it had granted the Company until October 17, 2007 to file all delinquent periodic reports necessary for Rambus to regain compliance with its Nasdaq listing requirements. If the Company has not regained compliance by October 10, 2007, the Nasdaq Board has directed the Nasdaq staff to discuss with the Company any reasons for such continued delay and provide an update to the Nasdaq Board.
Also on August 17, 2007, the Company received a notice of non-compliance from the Nasdaq staff in accordance with NASDAQ Marketplace Rule 4310(c)(14), due to the delay in the filing of its Quarterly Report on Form 10-Q for the quarter ended June 30, 2007. Previously on August 8, 2007, Rambus filed a Form 12(b)-25 with the Securities and Exchange Commission indicating that it would be unable to timely file its Form 10-Q for the quarter ended June 30, 2007.
Rambus intends to file its Form 10-K and required Forms 10-Q as soon as practicable following the completion of its restatement of prior financials to reflect the findings of the Audit Committee’s independent review of the Company’s historical stock option granting practices and related accounting. As previously disclosed, the Company estimates that the charge for all stock option related issues will be approximately $170 million to be booked as a non-cash, pre-tax charge from 1997 through 2005. A further approximately $20 million non-cash charge may be recognized between 2006 and 2009 as the older mis-priced options vest.
Forward-Looking Statements
This release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 relating to the Company’s financial restatements and the Audit Committee’s independent investigation. Such forward-looking statements are based on current expectations, estimates and projections, management’s beliefs, and certain assumptions made by the Company’s management, and there can be no assurance concerning the timing of financial restatements, their adequacy for continued listing on NASDAQ, or the outcome of the Audit Committee’s independent investigation. Actual results may differ materially. Our business generally is subject to a number of risks which are described in our SEC filings including our 10-K and 10-Qs. We undertake no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
Rambus Receives European Commission Statement of Objections
LOS ALTOS, CALIFORNIA, UNITED STATES – 08/22/2007 – Rambus Inc. (NASDAQ:RMBS), one of the world’s premier technology licensing companies specializing in high-speed memory architectures, today confirmed that the European Commission has issued a Statement of Objections against the Company alleging violations of European Union competition law. The Statement of Objections follows complaints set forth by certain DRAM manufacturers originating with Rambus’ 1992-1995 participation in an industry standard-setting organization, the Joint Electron Device Engineering Council (“JEDEC”).
“The issues raised by the European Commission include Rambus’ participation in JEDEC that ended over a decade ago,” said Thomas Lavelle, senior vice president and general counsel at Rambus. “These are largely the same issues examined by a number of US courts, the Federal Trade Commission, and currently before the US Court of Appeals for the District of Columbia Circuit. We are studying the Statement of Objections and plan to respond in due course.”
A Statement of Objections is a procedural step in the European Commission’s antitrust investigation, in which the Commission communicates its preliminary view with respect to a possible infringement of European Union competition law. The European Commission will review responses to the Statement of Objections in order to determine whether to issue a final Decision. Any Decision would be subject to appeal to both the European Court of First Instance and the European Court of Justice.
The Company will present its response to the Commission’s Statement of Objections over the next several months.
Rambus first filed a patent application for its revolutionary memory technology in 1990 and proceeded to teach the industry how to apply that technology, subject to nondisclosure agreements. By invitation, Rambus later joined a JEDEC committee that was developing a DRAM standard. Today, Rambus’ industry-leading memory architecture solutions can be found in dozens of products including personal computers, servers, workstations, video game consoles, high-definition TVs, set-top boxes, and networking routers and switches.
Bell ID Offers Integrated EMV Scripting
Bell ID offers integrated EMV scripting with its ANDiS4EMV solution. Bell ID adds this latest option to address a strong market demand for a cost effective and compact solution to comply with banks’ most crucial scripting requirements.
EMV scripts, which are effectively secured smartcard commands, provide additional risk management for payment card issuers.
The generation of scripts in order to change card parameters and manage card behavior and risk is an important added value of issuing EMV compliant cards which is now being leveraged by many issuers. Scripts are delivered to POS/ATM terminals as part of standard financial authorization messages; the terminal in turn delivers scripts to cards in accordance with the EMV specifications. Banks that issue offline capable EMV cards require scripting in order to change offline PINs. Bell ID’s latest EMV scripting solution meets these market demands.
Wynand Vermeulen, Manager of Financial Services at Bell ID commented: “Scripting enables post issuance EMV application management and is critical to the success of offline capable EMV card programs. The expansion of ANDiS4EMV with our in-house scripting engine will provide a cost effective alternative to external scripting solutions.”
Bell ID’s EMV scripting solution is a fully integrated component of ANDiS4EMV and works alongside Bell ID’s Card and Application Management System, Key Management System and Data Preparation. ANDiS4EMV will also continue to support Aconite’s EMV Script Processor solution, as well as other external scripting solutions.
Rambus Reports Second Quarter Revenue
Revenue of $47.5 million, down approximately 5% from first quarter of this year
LOS ALTOS, CALIFORNIA, UNITED STATES – 07/26/2007 – Rambus Inc. (NASDAQ:RMBS), one of the world’s premier technology licensing companies specializing in high-speed memory architectures, today reported preliminary revenue results for the second quarter of 2007. Revenue for the second quarter was $47.5 million, a decrease of approximately 5% from the first quarter of fiscal 2007.
Cash, cash equivalents and marketable securities as of June 30, 2007 were $442 million, a decrease of approximately $3 million from the first quarter of fiscal year 2007.
“We saw growing interest this quarter among customers for our XDR™ memory architecture,” said Harold Hughes, president and chief executive officer at Rambus. “We believe our patented innovations and products like the XDR architecture are vital to delivering the high bandwidth needed in next-generation consumer electronics and computing applications.”
As the restatement of the Company’s historical financial reports has not yet been completed, Rambus will not be releasing second quarter earnings today. In addition, Rambus does not expect to be in a position to file its Form 10-Q for the second quarter of fiscal 2007 by the August 9, 2007 filing deadline.
Rambus expects to file its Form 10-K for fiscal 2006 in the third quarter of fiscal 2007. Rambus is making every effort to file its delinquent annual and quarterly reports as soon as practicable.
Additionally, Rambus continues to evaluate its internal control over financial reporting as of December 31, 2006. Although Rambus has not yet completed all of its analysis on its internal control over financial reporting, it has determined that it is highly likely that Rambus had one or more material weakness in internal control over financial reporting as of December 31, 2006. A material weakness is a control deficiency, or a combination of control deficiencies, that result in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected.
The conference call discussing second quarter revenue results and further details on the Company’s financial restatement 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# 2759641.
