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


To: Don Green who wrote (86031)4/15/2003 4:16:14 PM
From: Don Green  Read Replies (1) | Respond to of 93625
 
Rambus falls following Infineon appeal

FTC case starts in two weeks time

By Cher Price: Tuesday 15 April 2003, 19:02

THE ALWAYS VOLATILE share price of Rambus (RMBS) took a turn downwards today after a Court of Appeal decision which effectively means Infineon can take its case to the Supreme Court.
Ramboids had hoped that the court yesterday would not issue a "stay of mandate", but that's exactly what happened yesterday, Rambus told investment analysts in a conference call.

In two weeks time, on the 29th of April, Rambus faces a stiffer test, when a Federal Trade Commission (FTC) hearing begins to start happening.

The "stay of mandate", which means the case won't be quickly referred down to a lower court, effectively puts back any decision over Infineon until October of this year.

Analyst Erach Desai put the share price of RMBS on hold from buy today, describing yesterday's decision as "another monkey wrench in a multi pronged legal quagmire".

It raised a double uncertainty in the case, Desai said.


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