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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 11.86+1.7%5:20 PM ESTNews

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To: hdl who wrote (93469)11/18/2011 2:27:30 PM
From: Don Green of 93597
 
Thanks for the links I cause some college legal professor can use them for references for a book or a course next year.

Rambus Loses Long-Running 4 Billion Dollar Lawsuit Against Micron and Hynix
Posted by Sheila Ring on November 18, 2011 10:14 AM



Rambus lost a $4 billion antitrust lawsuit against Micron Technology and Hynix Semiconductor on Wednesday.


Rambus lost a long-running $4 billion antitrust lawsuit against Micron Technology and Hynix Semiconductor on Wednesday.

A jury ruled against Rambus in a case against memory makers Micron and Hynix, with retiree Jim Rockwell losing 80 percent of his savings, reports Reuters.

In the case, which began in 2004, the San Francisco County Superior Court jury found that neither Micron or Hynix conspired to fix the price of memory chips.

It also found that the memory makers had not conspired with other manufacturers like Intel and Samsung to prevent Rambus from gaining traction in the market.

Following more than eight weeks of deliberation, the jury’s vote was nine to three, and Rambus’ stock lost about 60 percent of its value after the verdict was announced.

Rambus claimed in a statement, “Upon succeeding in eliminating RDRAM as a competitor in the main memory market, the defendants raised the prices of DDR by as much as 500 percent,” Reuters reports.

Micron says it presented evidence showing that Rambus’ memory products weren’t adopted by the broader memory market.

They attributed this to higher manufacturing costs, design issues, and fundamental obstacles posed by Rambus’ business practices, rather than any conspiracy on the part of Rambus’ rivals.

Rambus had been expecting a positive outcome from its case against Micron, in part because, under California law, jury findings of antitrust violations are automatically tripled. Instead, Micron and Hynix have been cleared of all charges, Business Week reports.

“We do not agree with several rulings that affected how this case was presented to the jury and we are reviewing our options for appeal,” said Rambus president and CEO Harold Hughes.

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