Rambus Down 8% After Mon. Ruling On Infineon Case
May 1, 2001
By Tom Locke
Of DOW JONES NEWSWIRES
DENVER -- Rambus Inc. (RMBS) shares were down recently, which one analyst attributed to a ruling by a Richmond, Va., federal judge Monday dismissing most of the company's patent infringement claims against Infineon Technologies AG. (IFX) of Germany.
Rambus, a Los Altos, Calif., maker of chip-connection technologies, filed lawsuits against Infineon in September in Germany and Virginia claiming that certain Infineon computer-memory devices infringed on Rambus patents in the United States and Europe.
Of the 57 patent-infringment claims on four patents that were made by Rambus, U.S. District Judge Robert Payne dismissed Monday "all but three" of the infringement claims, said Tsvetan Kintisheff, of Kintisheff Research.
Kintisheff said his understanding is that the most important claims were dismissed by the judge.
Kintisheff said that delays in several Rambus lawsuits, involving not only Infineon but also Hyundai Electronics Industries Co. (Q.HEL) and Micron Technology Inc. (MU) have added to the risk for Rambus shareholders.
Several calls to Rambus were not returned.
Rambus shares were recently down $1.13, or 6.6%, at $15.87 on volume of 6.4 million compared with average daily volume of 4.9 million.
-By Tom Locke, Dow Jones Newswires; 303-293-9294; tom.locke@dowjones.com |
