Rambus Gets Favorable Jury Ruling
By Ron Haruni · Mar 26, 2008 · Author's Website
Rambus (NasdaqGS: RMBS) gains as much as $6 following news that jurors in federal court in San Jose have rejected claims by Hynix’s patent infringement lawsuit.
Opposing Rambus in the suit are three large memory-chip makers, Hynix Semiconductor, Micron Technology and Nanya Technology. They claimed Rambus deliberately mislead the memory chip industry in the 1990s when new standards were being hammered out.
Rambus has said that memory chip makers on the Joint Electron Device Engineering Council standards body knew about Rambus technology and designed them into their chips.
The ruling will allow Rambus to collect a prior court’s $133.4 million ruling against Hynix, pursue additional litigation against rivals and, more importantly, “will also help Rambus collect royalties of $700 million to $11.7 billion over the next 13 years”.
RMBS currently up $6.60 at $25.30 rtq.
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