Micron Prevails in California Antitrust Trial Against Rambus
3:19 PM ET 11/16/11 | GlobeNewswire
Micron Technology, Inc. (Nasdaq:MU) today confirmed that a jury in the California state court antitrust trial of Rambus Inc. v. Micron Technology et al. reached a verdict in its favor, clearing Micron of any and all liability.
"We are very pleased that the jury considered all the evidence at issue in this case and determined that Rambus' allegations against the Company were completely without merit," said Steve Appleton, Micron's Chairman and Chief Executive Officer. "The jury's verdict validates our assertion that Micron acted in accordance with the law and consistent with its values of innovation and fair competition in the marketplace."
Rambus alleged that Micron, Hynix Semiconductor Inc. and others conspired to keep Rambus-designed DRAM (RDRAM) chips out of the memory market. At trial, Micron presented evidence demonstrating that it was design flaws, higher manufacturing costs and other drawbacks associated with RDRAM along with Rambus' business practices that prevented RDRAM from gaining wide acceptance in the market. In a trial presided over by Judge James McBride in California Superior Court in San Francisco, a jury found in favor of Micron on all counts.
Micron Technology, Inc., is one of the world's leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets a full range of DRAM, NAND and NOR flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products. Micron's common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit www.micron.com.
<<I had a little MU in my portfolio and I was thinking of buying some more this morning, but I did not. Now I have a sore leg from kicking myself so many times, to say nothing of my posterior>>:-)
Don |
