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


To: sam who wrote (52012)8/30/2000 5:38:33 PM
From: Barry Grossman  Read Replies (1) | Respond to of 93625
 
It's not a mistake. This is the week to file lawsuits.

interactive.wsj.com

Intel Files Patent-Infringement Suit
Against Chip Maker Broadcom
A WSJ.COM News Roundup

Intel Corp. filed a patent-infringement lawsuit against Broadcom Corp. charging that "nearly every aspect" of the communications-chip maker's business violates one or more of Intel's patents.

Broadcom to Acquire NewPort for About $1.32 Billion in Stock (Aug. 15)

Intel, Santa Clara, Calif., alleges in the lawsuit that Broadcom "carefully crafted a plan "to build its business using Intel's technology."

Officials at Broadcom, Irvine, Calif., weren't immediately available for comment.

The suit comes amid an acquisition spree by Broadcom. In early August, Broadcom agreed to acquire closely held NewPort Communications Inc. for about $1.32 billion in stock, Broadcom's third major move in as many months to supply chips for big telecommunications networks.



To: sam who wrote (52012)8/30/2000 5:49:37 PM
From: sam  Read Replies (1) | Respond to of 93625
 
And -- finally -- the retraction.

Rambus (RMBS) 76 3/16 -4 7/16: -- Correction -- Earlier story posted regarding Intel suing RMBS was incorrect. Intel is suing Broadcom (BRCM) for patent infringement, not RMBS. Rambus is being sued by Hyundai and Micron.

Intel suing RMBS for patent infringement. Sheesh. The notion is 'patently' ridiculous. And there were people who probably traded on this foolishness. Intel may as well bring suit against itself. lol