FRAM license boosts Ramtron's revenue outlook

FRAM license boosts Ramtron's revenue outlook
By Jeanne Graham, EBN
October 4, 2001 (12:20 p.m. EST)
URL: http://www.eetimes.com/story/OEG20011004S0055

Ramtron International Corp. today said revenue expectations for the third quarter ended Sept. 30 are $7 million to $8 million, more than double its second quarter revenue of $3.4 million primarily due to a licensing and development fee from a recent agreement with Texas Instruments Inc.

The company's cash balance as of Sept. 30 was expected to be about $8 million, mainly due to fees paid by TI for Ramtron's ferroelectric RAM (FRAM) technology. TI added the nonvolatile storage technology to its memory portfolio in August saying that FRAM would give it another high-speed embedded memory option.

During the third quarter, Ramtron also sold about half of its holdings in Munich-based Infineon Technologies AG. Ramtron expects to take a one-time charge of $4.3 million in the quarter for a loss on the disposition of the stock and the decreased value of the remaining holdings due to Infineon's stock price declines.

Ramtron, Colorado Springs, Colo., e xpects to release its financial results for the third quarter Nov. 1.