Rambus (RMBS) shares fell more than 16% to $18.21 after the U.S. Court of Appeals for the Federal Circuit ordered the co.’s rehearing in its patent infringement case against Samsung Electronics Co., Micron Technology Inc. (MU) and Hynix Semiconductor to be delayed and take place on October 7, 2010. Rambus, the Los Altos Calif. – based chip designer, has accused each company of conspiring to fix prices, adversely affecting the sales of DRDRAM (Direct Rambus DRAM) memory chips for computers.
“In spite of this delay, we remain confident in our position,” Rambus general counsel Thomas Lavelle said in a statement. “We will vigorously argue our right to defend and be fairly compensated for use of our patented innovations borne of years of work by Rambus scientists and engineers.”
RMBS shed $3.65, or 16.71%, to $18.21 in recent action.