After eight weeks of deliberating, a� jury found that Micron Technology and Hynix Semiconductor did not violate antitrust laws in a case brought by Rambus.
Shares of Rambus (RMBS) crashed late Wednesday, down 61% to near $7. They had been trading above $18.� Micron Technology (MU) shares popped 22%, or $1.20 cents, to $6.72.
According to the Wall Street Journal story, the jury ruled 9 to 3 against Rambus, which alleged that the two companies conspired to keep prices high on Rambus chips. Rambus designs technology used in memory chips. Micron and Hynix argued that Rambus’� struggles – to make its chip the market standard, and in its relationship with Intel (INTC) – were of its own doing.
Rambus CEO�Harold Hughes told Bloomberg that the company is reviewing options for appeal because “we do not agree with several rulings that affected how this case was presented to the jury.”
Colleague Tiernan Ray reported earlier this year that Rambus stood accused of destroying documents.
No comments:
Post a Comment