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(Update Verdict!) D-Day Arrives For Micron v. Rambus/Hynix (MU, RMBS)

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By Jon C. Ogg Published
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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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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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