Rambus Antitrust Jury Verdict to Be Announced, Court Says
A jury has reached a verdict in Rambus Inc. (RMBS)’s antitrust trial against Micron Technology Inc. and Hynix Semiconductor Inc. (000660) and the verdict will be announced later today, according to a California state court spokeswoman.
The 12-member jury in San Francisco, which has been deliberating since Sept. 22, was asked to decide whether Micron and Hynix conspired to prevent Sunnyvale, California-based Rambus’s memory chips from becoming an industry standard.
Ann Donlan, a spokeswoman for the Superior Court, said in an e-mail that the verdict will be announced at 11 a.m. in San Francisco after the judge finishes a hearing in a different case.
Rambus rose 1.8 percent to $18.37 in New York before trading was halted after it was reported that the jury had reached a verdict.
Rambus alleged in a lawsuit first filed in 2004 that that Boise, Idaho-based Micron and Ichon, South Korea-based Hynix colluded to manipulate prices of dynamic random access memory, or DRAM, chips in violation of California antitrust law. Rambus said at trial that it would have made $3.95 billion in royalties without the alleged conspiracy.
The case is Rambus Inc. v. Micron Technology Inc. (MU), 04-0431105, California Superior Court (San Francisco).
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