INSIDERS' BLOG: The Jury for Rambus Is In, What's Next
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As mentioned in today's Trading Radar, the jury in the Rambus Inc. (Nasdaq: RMBS) patent infringement case versus Hynix returned for further deliberations today. Well, they've decided. The jury ruled that Hynix infringed Rambus' patents and awarded the company $306.5 million.
Rambus was halted before the news was released, last trading at $38.33 (-0.70%). Some have been expecting the stock to see a "buy the rumor... sell the news" reaction. We think this could go either way. The analyst at WR Hambrecht said a win would put Rambus in the driver's seat and put pressure on the rest of the DRAM industry to take Rambus's claims more seriously.
The stock is not yet indicated to open, but remember the first move may not be the correct move.
Rambus was halted before the news was released, last trading at $38.33 (-0.70%). Some have been expecting the stock to see a "buy the rumor... sell the news" reaction. We think this could go either way. The analyst at WR Hambrecht said a win would put Rambus in the driver's seat and put pressure on the rest of the DRAM industry to take Rambus's claims more seriously.
The stock is not yet indicated to open, but remember the first move may not be the correct move.
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