Rambus buys back $105 million 0% convertibles

New York, Oct. 17 - Rambus Inc. said it bought back $105 million face value of its zero-coupon convertibles notes during the third quarter, paying $84 million in cash.

The Los Altos, Calif., semiconductor technology company recorded an $18.6 million gain on the repurchases.

As of Sept. 30, Rambus had $195 million of convertibles outstanding.

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