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


To: Don Green who wrote (67749)3/15/2001 1:13:13 PM
From: Don Green  Respond to of 93625
 
Rambus Dn 27% On Talk Of Pretrial Ruling On Patent Case
Dow Jones Newswires

By Donna Fuscaldo
Of DOW JONES NEWSWIRES
NEW YORK -- Shares of Rambus Inc. (RMBS) fell 25% Thursday after a report surfaced claiming a District Court Judge in Richmond, Va., made a ruling Wednesday that could limit the scope of Rambus' patent infringement suit against Infineon Technologies AG (IFX).

The federal court confirmed a pretrial hearing on certain motions took place Wednesday, but said the judge didn't issue an order. A ruling is expected Thursday.

According to ElectronicNews.com, published by Cahners, Judge Robert E. Payne sided with an expert witness from Infineon. The report cited unnamed sources.

In an interview with Dow Jones, Rambus Chief Financial Officer Gary Harmon said he was unaware of a ruling. He too expects it to come down Thursday.

Shares of Rambus were recently trading down 25%, or $8.94, at $26.51. The new intraday stock price surpasses Rambus' 52-week low of $33, set on Feb. 23.