Tuesday, June 14, 2011

Rambus Shares Jump After Favorable Court Ruling

Shares opf Rambus Inc. (NASDAQ: RMBS) jumped more than 6% on Tuesday after a California judge said that jurors in an upcoming antitrust trial will not be told by the court that litigation opponents of Rambus have proven that the chipmaker shredded documents as part of its legal strategy. ambus accuses Micron (NASDAQ: MU) and Hynix of boycotting its RDRAM memory technology, according to its lawsuit. The company claims up to $4.38 billion in lost profits. Last month, the U.S. Court of Appeals for the Federal Circuit found Rambus was wrong to shred hundreds of boxes of documents relevant in two patent infringement lawsuits it filed, sending its shares down 18 percent in a single trading session. Stay tuned for more. 

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