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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?


To: Estephen who wrote (46420)7/1/2000 10:35:36 AM
From: Dan3  Read Replies (1) | Respond to of 93625
 
Re: Hitachi signed a five-year agreement....

Hitachi is getting out of the memory business. The had no need for this hassle. As far as Hitachi is concerned, the Rambus suit was a nuisance suit and they paid Rambus to go away.

Rambus has no agreement with the new company.

hitachi.com
With its president from NEC and executive vice president from Hitachi, the company will have an initial paid-in capital of 500 million Yen, that is planned to be increased to 2 billion Yen at the end of March 2000 contributed equally by the two partners. NEC-Hitachi Memory will be headquartered in central Tokyo and have a development and trial production center located on the grounds of NEC's Sagamihara plant in western Tokyo.