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*DJ Rambus Up 10% Ahead Of Antitrust Documents Release >RMBS
05/23/2006 Dow Jones News Services (Copyright © 2006 Dow Jones & Company, Inc.) (MORE TO FOLLOW) Dow Jones Newswires 05-23-06 1447ET Copyright (c) 2006 Dow Jones & Company, Inc. =DJ Rambus Up Ahead Of Antitrust Documents Release >RMBS By Henry Sanderson Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Shares of memory chip designer Rambus Inc. (RMBS) rose 7% Tuesday ahead of the expected release next week of court documents relating to an antitrust case involving major computer memory-chip makers. When released, analysts said, the documents could be a catalyst for Rambus' stock, bolstering the company's case that rival memory-chip makers acted in collusion against the company's DRAM, or dynamic random access memory chips, in the 1990s. The documents are expected to be released Monday. "The documents just lets the world know how strong a case Rambus has," PacificAmerican Securities analyst Michael Cohen, who owns shares of Rambus, said. According to analysts, who have not seen the documents, Rambus officials have indicated that the documents include emails from competitors about an alleged conspiracy against Rambus. WR Hambrecht analyst Daniel Amir said after the documents are released, the competitors may opt to settle and not go to trial, given the attendant publicity risk. The documents are likely to be released Monday because the judge in the case signed an order on May 9 giving the competitors 20 days to file an appeal to keep them confidential. If there's no appeal, the documents should be unveiled as plan. The documents also could add further evidence to confirm an ongoing Department of Justice case investigating DRAM-price fixing amongst major chip companies during the period, which already has resulted in guilty pleas from Hynix Semiconductor (000660.SE) and Samsung Electronics Co. (005930.SE). Rambus could be entitled to royalties of roughly $797 million per year if correct about DRAM intellectual property rights, he said. . Rating :
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Shares of Rambus gained 7%, or $1.78, to $27.15, on volume of 10 million shares, more than double its average volume of 5 million shares. In the last 52 weeks, the stock has traded between $46.99 and $10.22.
Rambus stock has fallen more than 35% since winning the patent infringement suit in late April against Hynix, a decline Hambrecht's Amir called "puzzling" but perhaps due to other factors, such as management miscommunication. WR Hambrecht makes a market in the shares of the company. Rambus, which makes most of its revenue from royalties on its products, teamed up with Intel Corp. (INTC) in the mid-'90s to persuade other computer makers to use RDRAM by paying a royalty or license fee. However, major companies opted for different and royalty-free technologies, called DDR-SDRAM. According to Rambus, the other companies colluded to raise the price of RDRAM and reduce the price of DDR, subsequently raising the price of the latter once it had gained market acceptance. Chip makers originally mentioned in the antitrust suit filed in May 2004 include Infineon Technologies AG (IFX), Boise, Idaho-based Micron Technology Inc. (MU) and Hynix. Samsung was added as a co-defendant last year. Rambus has settled its dispute with Infineon and its parent company Siemens AG (SI). Rambus' extensive courtroom drama dates back to August 2000, when Hynix and Micron separately sued Rambus within days of each other. Both companies argued Rambus' patents for memory chips were invalid. Rambus quickly counter-sued, claiming the companies infringed on its patents that speed up memory. The company won a patent infringement case against Hynix at the end of April. Cohen said Rambus had long been seen as the "bad guys", as they had remained silent during years of litigation and did not engage in sucessful public relations. "While Rambus still has many significant legal obstacles in front of it, we remain optimistic that Rambus will prevail in the long run," Cohen wrote in a research report rating the stock at buy. -By Henry Sanderson; Dow Jones Newswires; 201-938-4046; henry.sanderson@dowjones.com (Donna Fuscaldo contributed to this report.) (END) Dow Jones Newswires 05-23-06 1606ET Rating :
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btw, Kippie is speaking tomorrow.
Perhaps someone in the audience will have the balls to ask Mr. Kipp for a public reading... http://www.micron.com/ir/conference.html MU to the m00n !!! ....................../´¯/) ....................,/¯../ .................../..../ ............./´¯/'...'/´¯¯`•¸ ........../'/.../..../......./¨¯\ ........('(...´...´.... ¯~/'...') .........\.................'...../ ..........''...\.......... _.•´ ............\..............( Rating :
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to go!!!!!!!!!!!
Sentiment : Strong Sell Rating :
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