Shares of Rambus Inc. (RMBS) slid more than 8.0 percent in today’s trading, the most intraday since May 6, after the company announced last night that it has received notification from the International Trade Commission [ITC] extending the target date for completion of the Nvidia (NVDA) investigation until July 26, 2010.
ITC had said it would issue a final ruling on Wednesday on whether graphics chip designer Nvidia — whose core business relies on the sale of specialized graphics cards that may contain, as Rambus claims, the infringing technology — violated three of five patents held by Los Altos, Calif.-based Rambus. That decision has, again, now been pushed back to July 26.
Shares of Rambus fell $2.04, or 8.02%, to $22.85 at 11:42 E.T. in Nasdaq composite trading. Shares of Nvidia are up 42 cents to $13.17 rtq.