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

To: Don Green who wrote (72397)	5/9/2001 5:02:04 PM
From: Don Green	Read Replies (2) \| Respond to of 93625

Jury finds Rambus liable for fraud NEW YORK, May 9 (Reuters) - A federal jury on Wednesday ordered Rambus Inc. (NASDAQ:RMBS), whose technology helps boost the performance of memory microchips, to pay $3.5 million in punitive damages after finding it liable for fraud in a dispute with German semiconductor maker Infineon Technologies (NYSE:IFX) . Los Altos, Calif.-based Rambus said that it would immediately appeal and file briefs with the U.S. District Court in Richmond, Va., to set aside the verdict. Infineon alleged that Rambus deliberately hid the fact it was applying for patents for synchronous dynamic random access memory (SDRAM) chips at the same time JEDEC, an industry group, was developing common standards for the chips. Wednesday's ruling comes after U.S. District Judge Robert Payne on May 4 tossed out the three remaining patent infringement claims of more than 50 filed by Rambus against Infineon over SDRAM chips. Rambus has said it will appeal that ruling as well. Rambus shares closed down 90 cents to $12.80 on the Nasdaq, a 52-year low. Infineon shares closed down $1.90, to $39.90.