Jonathan KitchenInvestment Thesis Rambus (NASDAQ:RMBS) delivered a lackluster outlook that saw its share drop 10% premarket. Case in point, Rambus delivers middle-of-the-road guidance for Q3, while its share price is inflated for what it offers. More specifically, investors are being asked to pay around 26x forward non-GAAP operating profits, for a business that is likely to be delivering single-digit growth rates in a couple of quarters. Altogether, I find myself neutral on this name. Rapid Recap Nearl ...