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Rambus Inc. Message Board

  • tomatlaw123 tomatlaw123 Aug 23, 2006 11:29 AM Flag

    Rambus rated a Buy - DJ News

    DOW JONES NEWSWIRES
    August 23, 2006 10:35 a.m.


    By Donna Fuscaldo
    Of DOW JONES NEWSWIRES


    Shares of memory-technology company Rambus Inc. (RMBS) surged in trading Wednesday after a judge in its patent-infringement case against South Korea's Hynix Semiconductor Corp. (000660.SE) stayed the final phase of the six-year long court battle.

    On Tuesday, U.S. District Judge Ronald Whyte in San Jose said the final trial in the patent-infringement case will be delayed until Feb. 2, 2007, or until the U.S. Federal Trade Commission levies a penalty against Rambus in a separate antitrust case.

    Rambus was found guilty by the FTC of monopolistic tactics. According to Whyte, the FTC remedy will have industry-wide implications and could establish a reasonable rate for royalties for Rambus' patent-protected products.

    Hamed Khorsand, an analyst at BWS Financial, which rates Rambus a buy, said that, going into Tuesday's ruling, many had expected a negative outcome and sold off shares of Rambus as a result. He said the stay of the final phase of the trial shows that either way Hynix will have to pay royalty rates to Rambus, which is driving the stock higher Wednesday.

    Recently, shares of Rambus were trading up 17%, or $1.92, to $13.12, on heavy volume of 12.5 million shares. Average daily volume is 7 million shares.

    Ever-volatile Rambus has seen its stock decline more than 70% since setting a high of $46.99 in April.

    The company has been embroiled in a series of lawsuits against some of the largest memory makers for years claiming patent infringement.

    -By Donna Fuscaldo, Dow Jones Newswires; 704-371-4263; donna.fuscaldo@dowjones.com

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RMBS
11.80-0.55(-4.45%)Apr 28 4:00 PMEDT