Elite Group to promote and sell Rambus LED bulb portfolio Last night Rambus announced the a business alliance with the Elite Group, a leading designer and distributor of home goods, lighting, and other consumable products. The Elite Group will promote and sell the Rambus LED bulb portfolio to retail and professional markets within North America, including the broad range of major retail customers already working with Elite. The first Rambus LED bulbs will be available at major retailers and professional channels as soon as Q2 2013. An extended portfolio of A19 and PAR bulbs with a roadmap of technology enhancements that enable increased functionality is under way.
Rambus reiterated as top small cap specialty semi pick at Citi Citi this morning reiterated Rambus as its top pick among small-cap specialty semiconductors. Following the company's presentation at the NASDAQ investor conference yesterday, Citi continues to think Rambus will likely announce a new license opportunity this year to support Intel's next generation server platform to be launched in 2017. The firm keeps a Buy rating on the stock with a $17.50 price target.