Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday November 16, 2011

Rambus Loses Antitrust Case, Shares Plunge

Not only did Rambus lose its $4 billion anti-trust lawsuit against Micron and Hynix, the company's stocks dropped 60% after news of the ruling hit the street. Couldn't happen to a nicer bunch. smile

Rambus Inc lost a $4 billion antitrust lawsuit against Micron Technology Inc and Hynix Semiconductor Inc, erasing more than half of the chipmaker's value as investors abandoned its stock. The verdict, which sent Rambus shares tumbling by 60.6 percent and boosted those of Micron by 23.4 percent, came on Wednesday after a three-month trial in state court and more than eight weeks of jury deliberations.