Rambus (RMBS)

[Threejack]

Reuters

At chipmaker trial, investors play Rambus roulette

By Noel Randewich and Dan Levine

SAN FRANCISCO | Fri Jul 8, 2011 6:02pm BST

(Reuters) - Chun Ming has spent the past two weeks in a cramped San Francisco courtroom, sending notes from his laptop to a tight-knit group of investors glued to a $4 billion antitrust battle involving some of the world's biggest chipmakers.

A passionate Rambus Inc shareholder, Ming prizes the few seats close to an electrical outlet in the crowded gallery. He's a prime spectator as the technology licensing company tries to wrest a fortune from Hynix Semiconductor Inc and Micron Technology Inc in a trial expected to last months.

"I'd bet my life on Rambus at least doubling, but I have no money left," said Ming, a former electronics tester who is in his mid-fifties.

Investors for years have wagered on disputes related to Rambus' memory-chip patents, and the company's stock price swings dramatically on court rulings. Options activity in Rambus appeared to turn bullish with the start of the California trial, where a Rambus victory could cause its stock price to skyrocket.

But to get that boost, the Sunnyvale, California-based company and its shareholders need the jury -- including a retired medical secretary, a library worker and a software company employee who owns his own patent -- to sift through highly technical material and rule in their favor.

It's the kind of bet several analysts view as no better than a coin toss.

Full article here:

http://www.reuters.com/article/2011/07/08/us-rambus-idUSTRE7674VJ20110708

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Could have done without the last sentence in the full article. UTPT is a loose cannon. Sure wish he would stop talking to the press. He is not helping the Rambus trial team.

Just my opinion.

Threejack