Rambus Inc. (NASDAQ: RMBS) got some good news on Monday by announcing that the company has signed a patent license agreement with MediaTek Inc. in Taiwan. What is interesting is that investors are not cheering at all.
The agreement “covers the use of Rambus patented innovations in a broad range of integrated circuit (IC) products offered by MediaTek Inc.”
Also included in the announcement is that these two companies have now settled all outstanding claims against each other. This settlement includes the resolution of past use of Rambus’ patented innovations.
Terms were not disclosed other than that the term of this patent license agreement is for a period of five years.
Rambus shares are actually down 5.7% at $6.42 and the 52-week trading range is $4.00 to $21.69.
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