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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (43099)	2/23/2006 3:35:27 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69156

Thursday February 23, 1:58 PM EST NEW YORK, Feb 23, 2006 (AP Online via COMTEX) -- Stock of Rambus Inc., which licenses a computer memory technology to chip makers, rose Thursday after an analyst issued a positive note on the company. Shares of Rambus rose $2.62, or 9.3 percent, to $30.88 in midday trading on the Nasdaq Stock Market. The stock is also rising ahead of a hearing in a San Francisco court later Thursday in which a judge could release damaging documents against memory chip makers. Mountain View, Calif.-based Rambus is suing memory chip makers including Boise, Idaho-based Micron Technology Inc., alleging price collusion against the company in the late 1990s. In his research report, WR Hambrecht analyst Daniel Amir said it is likely the judge in the San Francisco court will release documents Thursday that show evidence that memory makers colluded behind Rambus's back. The analyst, who called the documents "damaging," said that trial likely will go in Rambus' favor. Rambus, which has been embroiled in litigation with memory makers for some time now as it seeks royalty payments for its technology, filed an antitrust suit against memory chip makers in May 2004, arguing they conspired to share costs and pricing data to eliminate Rambus' product from the market. According to Amir, a second case in which Rambus is suing South Korea-based Hynix Semiconductor Inc., citing patent infringement, will start March 6 and likely be complete by the end of March, with a favorable ruling for Rambus. Amir doesn't own shares of Rambus, and WR Hambrecht doesn't have an investment banking relationship with the company.