Rambus Announces Restructuring
Expects net cash savings of $30-$35 million annually SUNNYVALE, CALIFORNIA, UNITED STATES – 08/22/2012 – Rambus Inc. (Nasdaq:RMBS), one of the world’s premier technology licensing companies, today announced a restructuring of the company. With this restructuring and related cost saving measures, Rambus expects an overall net cash savings of $30-$35 million annually. The majority of the reduction in expenses are being made in general and administrative (G&A), while the company continues to invest in strategic businesses. “After reviewing our expenses