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

To: Don Green who wrote (72400)	5/9/2001 5:05:09 PM
From: Don Green	Respond to of 93625

Judge Reduces Damage Award Against Rambus To $350,000 As reported Monday by the Wall Street Journal, Judge Payne dismissed 54 of Rambus' patent infringement claims and threw out the remaining three claims on Friday. The judge also ruled that the trial could proceed on counterclaims by Infineon. Rambus also is in separate court battles with chip makers Micron Technology Inc. (MU) and Hyundai Electronics Industries Co. (Q.HEL) over the memory technology. Those companies have sued to invalidate the patents on the technology, called DDR-SDRAM. The cases are important to Rambus' existing and future revenue; royalties from the technology accounted for about 77% of the company's revenue over the past two quarters. Rambus said Wednesday it was "obviously disappointed" in the verdict. "Today's verdict, if allowed to stand, poses a serious threat to all technology companies that try to protect their inventions through our intellectual property laws," the company said. The chip technology company earned $8 million, or 8 cents a basic and 7 cents a diluted share, including items, on revenue of $31.2 million in the second quarter ended March 31. Infineon's New York Stock Exchange-listed stock traded recently at $39.83, down $1.97, or 4.7%, on composite volume of 105,200 shares. Average daily volume is 149,061 shares.