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By Alexei Oreskovic
SAN FRANCISCO, July 21 - Rambus Inc (RMBS.O)said a recent licensing deal with chipmaker FreescaleSemiconductor Holding (FSL.N) will deliver a sharp rise inthird-quarter revenue.
Rambus shares jumped more than 6 percent in after hourstrading on Thursday before giving up some gains to trade up 2.7percent at $15.35.
Rambus projected that revenue in the third-quarter willrange between $91 million and $96 million, well above the $61.4million expected by the two analysts that follow Rambus cheap christian louboutin 2011 ,according to Thomson Reuters I/B/E/S.
The sharp rise expected in Rambus' revenue is partly due tothe fact that Freescale will pay Rambus a "catch-up" paymentfor the past years in which the two companies did not have alicensing agreement cheap christian louboutin 2011 , said Capstone Investments analyst JeffSchreiner.
That means the revenue gains will probably not besustainable after the third quarter, said Schreiner.
"There's ongoing payments as well which will likely besmaller," he said, referring to Freescale's payments from the5-year patent licensing pact the two companies signed in June.
Rambus, which designs and licenses technology related tocomputer memory, reported a second-quarter net loss of $10.6million cheap christian louboutin 2011 , or 10 cents a share compared with a net loss of $12.5million cheap christian louboutin 2011 , or 11 cents a share in the year ago period.
Revenue in the second quarter rose to $66.2 million from$38.9 million in the year earlier period.
Rambus stock closed at $14.94 on Nasdaq. (Reporting by Alexei Oreskovic; editing by Carol Bishopric)