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


To: jim kelley who wrote (67730)3/15/2001 12:32:28 PM
From: Don Green  Respond to of 93625
 
Rambus Shares Fall After Web Site's Report on Patent Trial
By John Stebbins

Los Altos, California, March 15 (Bloomberg) -- Rambus Inc. shares fell as much as 28 percent after a computer-news Web site, citing unnamed industry sources, reported that a U.S. judge had limited the memory-chip maker's patent-infringement lawsuit against Germany's Infineon Technologies AG.

Rambus Chief Financial Officer Gary Harmon said no official ruling had been made, although one might come out later today. Infineon attorney Robert Tyler, of the Richmond law firm McGuireWoods LLP, agreed.

ElectronicNews Online, published by Reed Elsevier Inc.'s Cahners Business Information division, said U.S. District Judge Robert Joyce issued his ruling yesterday in Richmond, Virginia.

``The fact is, no order was issued yesterday,'' Tyler said. ``We have been hearing that something would be coming out soon, probably today. I don't know what sources Cahners is citing.''

Rambus shares plunged $8.47 to $26.88 in midday trading after dropping as low as $25.60.