Fri, Jul 25, 2014, 5:54 AM EDT - U.S. Markets open in 3 hrs 36 mins


% | $
Click the to save as a favorite.

Rambus Inc. Message Board

  • forti1v forti1v Jul 17, 2006 4:36 PM Flag

    Rambus News Update @16:35

    Hynix Wins Lower Award or New Trial on Rambus Damages (Update1)

    July 17 (Bloomberg) -- A judge cut a damage award to Rambus Inc. from $307 million to $133.4 million for patent infringement by Hynix Semiconductor Inc., leaving Rambus the option of accepting the reduced amount or holding a new trial on damages.

    Hynix, the world's second-largest memory-chip maker, won its motion for a new trial in a ruling July 14 by U.S. District Judge Ronald Whyte in San Jose, California.

    Rambus has 30 days to accept the lower amount, the judge said in the ruling, calling the award unreasonable. Otherwise the damages issue will be retried.

    Shares of Rambus fell 36 cents to $21.68 at 3:35 p.m. in Nasdaq Stock Market composite trading, after falling as much as $1.07, almost 5 percent, immediately after the ruling was made public.

    A federal court jury in April awarded Rambus the $307 million, agreeing with its claims that Ichon, South Korea-based Hynix infringed patents covering aspects of dynamic random access memory, or DRAM, the main memory used in computers.

    In a third and final portion of the case, Hynix will argue Rambus, based in Los Altos, California, attended meetings of a memory-chip standards panel without disclosing patents it would later enforce. Hynix argues the Rambus patents are unenforceable.

    Rambus has said it made all the required disclosures to the memory-chip standards committee, called the Joint Electron Device Engineering Council.

    Rambus spokeswoman Linda Ashmore didn't immediately return a call seeking comment. Nor did Ken Nissly, a lawyer representing Hynix.

    The case is Hyundai Electronics Industries v. Rambus Inc., 00cv20905, U.S. District Court, Northern District of California (San Jose).

    To contact the reporter on this story:
    Joel Rosenblatt in San Francisco

    Last Updated: July 17, 2006 15:41 EDT

    SortNewest  |  Oldest  |  Most Replied Expand all replies
12.73+0.20(+1.60%)Jul 24 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.