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Rambus Inc

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BUSINESS
April 15, 2003
Rambus Inc., a Los Altos, Calif., maker of computer chip designs, said fiscal second-quarter net income fell to $5.07 million because legal costs increased. Net income was 5 cents a share, compared with $6.75 million, or 7 cents, a year earlier. Sales increased 19% to $28.1 million.
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BUSINESS
February 6, 2007 | From the Associated Press
The Federal Trade Commission finalized its ruling that Rambus Inc. violated antitrust laws, imposing limits on the royalties the memory chip designer can charge. Wall Street was bracing for a potentially harsher order than the one that the FTC released Monday, and Rambus stock surged 24%.
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BUSINESS
January 6, 2005 | From Dow Jones/Associated Press
A federal judge has ruled that computer memory designer Rambus Inc.'s patent suit against Hynix Semiconductor Inc. can proceed. South Korea-based Hynix, which makes memory, had asked U.S. District Judge Ronald M. Whyte in San Jose to dismiss the case, arguing that its chips do not infringe Rambus' patents. Whyte denied that motion. Shares of Los Altos-based Rambus rose 58 cents to $22.06 on Nasdaq.
BUSINESS
October 20, 2006 | From Bloomberg News
Rambus Inc., a designer of computer memory chips, said it incorrectly dated stock options and estimated that it would have more than $200 million in "pretax, noncash stock-based compensation charges" in connection with the grants. The Los Altos, Calif.-based company said it planned to restate its financial reports as far back as 2003 and wouldn't file its quarterly report for the quarter ended Sept. 30 by the Nov. 9 deadline set by the Securities and Exchange Commission.
BUSINESS
March 6, 2004 | From Bloomberg News
U.S. antitrust enforcers said they would appeal a hearing officer's decision clearing Rambus Inc. of claims that it illegally induced an industry-standards group to adopt its patented technology for memory chips. Federal Trade Commission staff members filed a notice challenging Administrative Law Judge Stephen McGuire's rejection of claims that Rambus attended meetings of the industry-standards board while pursuing patents for the chips. Rambus said it expected to the appeal.
BUSINESS
March 11, 1992 | From Times Staff and Wire Reports
Faster Computer Chip Licensed: Three Japanese electronics giants will make computer memory chips using new technology developed by a Mountain View, Calif., firm that says the new design promises much faster and less expensive machines. NEC Ltd., Toshiba Ltd. and Fujitsu Ltd. said they will make the chips under license from Rambus Inc. starting later this year.
BUSINESS
July 13, 2001 | Bloomberg News
Rambus Inc. reported a 19% decline in profit to $3.9 million, or 4 cents a share, for its fiscal third quarter, citing weak personal computer sales. The company, which licenses computer-memory patents to chip makers, said revenue rose 31% to $23.3 million but will be down in the next quarter. Operating profit should be "around break-even" for the next three quarters, the company said. Analysts were expecting profit of 5 cents for the fourth quarter. Shares of Los Altos, Calif.
BUSINESS
May 6, 2004 | From Bloomberg News
Rambus Inc. filed a lawsuit that claims Micron Technology Inc., Hynix Semiconductor Inc. and Infineon Technologies conspired to fix prices and keep Rambus out of the memory chip market. Rambus is already suing the firms for patent infringement after they refused to sign licensing deals. Each has in turn accused Rambus of fraud in obtaining patents to get royalties from an industry standard. The suit opens a new front in the years-long battle by Los Altos, Calif.
BUSINESS
July 15, 2003
* Rambus Inc. of Los Altos, Calif., whose computer memory chip designs are used by customers including Intel Corp. and Sony Corp., said third-quarter net income fell to $4.53 million, or 4 cents a share, from $5.9 million, or 6 cents, a year earlier. Sales increased 23% to $29.2 million, the company said. * Sprint Corp. said it might hire a new auditor to replace Ernst & Young, which provided tax shelter advice that reportedly led to the ouster of its former chief executive.
BUSINESS
March 22, 2005 | From Bloomberg News
Rambus Inc. said German chip maker Infineon Technologies agreed to pay as much as $150 million to end a five-year patent dispute. Rambus shares jumped 30% on the news. Infineon, based in Munich, will pay $50 million over nine quarters starting Nov. 15, said Rambus Chief Executive Harold Hughes. Infineon will pay as much as $100 million more if Rambus, based in Los Altos, Calif., signs licenses with other chip makers. Rambus shares rose $3.91 to $17.03 on Nasdaq.
BUSINESS
August 3, 2006 | Terril Yue Jones, Times Staff Writer
Rambus Inc., which designs and licenses memory chip technology, may have its ability to collect royalties limited by a federal ruling Wednesday that concluded it deceptively and illegally monopolized the market. The Federal Trade Commission said that Rambus deceived a standards-setting committee by not disclosing patents and patent applications and that it "unlawfully monopolized the markets for four computer memory technologies that have been incorporated into industry standards."
BUSINESS
June 28, 2006 | From Bloomberg News
Rambus Inc., a designer of computer memory chips, said Tuesday that it might have to restate financial reports after finding that some dates used to set the value of its options didn't match the grant dates. The audit committee that identified the issue hasn't determined whether any charges against earnings will be required, the company said. Shares of the Los Altos, Calif.-based company fell 71 cents to $23.13. Also Tuesday, CNet Networks Inc.
BUSINESS
February 8, 2006 | From Reuters
Rambus Inc., which develops and licenses technology to make computers run faster, said its chief financial officer had quit. The news sent its shares down more than 4%. Robert Eulau, CFO and a senior vice president, will resign effective March 2 to pursue another opportunity, the company said. Chief Executive Harold Hughes will serve as interim CFO, and Rambus will be looking inside and outside the company for a replacement, company spokeswoman Linda Ashmore said. Rambus shares fell to $27.
BUSINESS
January 4, 2006 | From Bloomberg News
Rambus Inc. said Advanced Micro Devices Inc. would pay $75 million to license its patents. Rambus shares rose 12%. The five-year contract covers patents used to increase the connection speed of computer chips and in the design of controllers and high-speed memory, Los Altos, Calif.-based Rambus said. The agreement is a sign that Rambus, after years of court battles, is making progress generating sales to expand its product lines. Shares of Rambus rose $2.01 to $18.20. Shares of Sunnyvale, Calif.
BUSINESS
July 15, 2005 | From Bloomberg News
Rambus Inc. said second-quarter profit fell 36% because of higher legal costs racked up as the memory chip designer sued rivals to protect its patents. Net income fell to $5.36 million, or 5 cents a share, from $8.32 million, or 8 cents, a year earlier. Sales jumped 14% to $40 million. Los Altos, Calif.-based Rambus sued Samsung Electronics Co. for alleged license infringement June 6, adding a new case to legal battles with Hynix Semiconductor Inc. and Micron Technology Inc.
BUSINESS
June 25, 2005 | From Bloomberg News
Samsung Electronics Co., the world's biggest maker of computer-memory chips, has sued chip designer Rambus Inc., contending that the company "secretly engaged" a Samsung lawyer to provide inside information for lawsuits. The lawsuit filed in a Delaware Chancery Court said Neil Steinberg left his job as an in-house attorney at Samsung in August 1998, six months after he began working for Rambus.
BUSINESS
March 2, 2005 | From Bloomberg News
A U.S. judge dismissed Rambus Inc.'s patent infringement lawsuit against German chip maker Infineon Technologies. U.S. District Judge Robert Payne in Richmond, Va., said that the dismissal of the lawsuit was the "only appropriate action" to punish Rambus for destruction of documents relating to its patent litigation strategy. He said Infineon had successfully argued that Rambus destroyed the documents to prevent chip makers from challenging Rambus patents. Shares of Los Altos, Calif.
BUSINESS
April 15, 2005 | From Reuters
Rambus Inc., a supplier of computer memory technology, said Thursday that quarterly profit fell 47% as litigation costs rose, but the company increased revenue in both of its major businesses, technology licensing and patent royalties. Earnings in the first quarter were $4.4 million, or 4 cents a share, compared with a year-earlier profit of $8.3 million, or 7 cents a share. Sales rose to $39.6 million from $32.5 million.
BUSINESS
March 22, 2005 | From Bloomberg News
Rambus Inc. said German chip maker Infineon Technologies agreed to pay as much as $150 million to end a five-year patent dispute. Rambus shares jumped 30% on the news. Infineon, based in Munich, will pay $50 million over nine quarters starting Nov. 15, said Rambus Chief Executive Harold Hughes. Infineon will pay as much as $100 million more if Rambus, based in Los Altos, Calif., signs licenses with other chip makers. Rambus shares rose $3.91 to $17.03 on Nasdaq.
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