Rambus (RMBS)

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Reuters


UPDATE 1-Rambus wins Hynix case, awarded $307 mln
Mon Apr 24, 2006 12:54 PM ET

SAN JOSE, Calif., April 24 (Reuters) - A U.S. jury handed computer technology and research company Rambus Inc. (RMBS.O: Quote, Profile, Research) a big legal victory on Monday by finding that South Korea's Hynix Semiconductor Inc. (000660.KS: Quote, Profile, Research) violated patents on memory chip technology.

The jury in the U.S. District Court for Northern California in San Jose ordered Hynix, the second-biggest maker of memory chips in the world, to pay $307 million to Rambus, which developed technology to make such chips run faster.

The jury awarded $30.5 million regarding patents on a type of DRAM computer memory known as SDRAM and $276.4 million on a type known as DDRSD.

Rambus shares were halted before the verdict was announced at $38.33, a drop of 27 cents for the day in Nasdaq trade.

The case, which went to trial a month ago after six years of legal wrangling, is being closely watched in the $20 billion-a-year market for computer memory chips known as DRAM, or dynamic random access memory.

Rambus has similar suits pending with other memory chip makers such as No. 1 Samsung Electronics (005930.KS: Quote, Profile, Research), also of South Korea.

© Reuters 2006. All Rights Reserved.

http://yahoo.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?storyID=urn:newsml:reuters.com:20060424....

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Will be interested in Analysts comments and looking for new coverage, especially by any of the big wirehouses. This will drive retail demand.

Mr. Edelstone, why not be the first??

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