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(Update Verdict!) D-Day Arrives For Micron v. Rambus/Hynix (MU, RMBS)
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UPDATE 2:20 PM EST : CNBC reported that the jury has ruled against Rambus in the case…. at 2: 18 PM WSJ reports that the verdict is a big win for Micron and Hynix… 2:20 No damages awarded to Rambus…. BOTH STOCKS STILL HALTED
Original Report at 1:28 PM EST
Micron Technology Inc. (NYSE: MU) and Rambus Inc. (NASDAQ: RMBS) have been halted pending news. This is obviously for the verdict of the ongoing patent case, which analysts and investors have been watching for quite some time.
The WSJ has reported that a verdict has been reached and the jury verdict will come later today.
Rambus has alleged, as in other patent cases, that Micron and Hynix violated antitrust law by conspiring to prevent the Rambus technology from gaining further traction in the semiconductor industry.
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