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Investing

‘Good Bad’ News For Rambus (RMBS)

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By Jon C. Ogg Published

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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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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