Rambus Inc. loses antitrust case
Rambus loses more than 60% of its market value after San Francisco jury rejected the companies allegations in an antitrust lawsuit seeking billions. The company had sought nearly $4 billion in damages against Micron Technology Inc. and Hunix Semiconductor in a conspiracy to prevent its company from gaining hold of the market.
Rambus said it was disappointed in the ruling and would consider an appeal, based on several rulings that affected how the case was presented to the jury.
“We believe very strongly in our case, and we intend to explore all of our options as long as we have channels available to us,” said Chief Executive Harold Hughes in a conference call.
The company, based in Sunnyvale, Calif., in the 1990s had hoped to convince other companies to license its technology for accelerating the performance of memory chips. The technology initially won endorsements from Intel Corp., which helps set standard for technology used in PCs.
But the technology was outsold by alternatives. After failing in its initial strategy, Rambus began filing patent infringement suits against chip makers.